Home Financial of the Rockies
Northern Colorado's Mortgage Source
Home Financial of the Rockies is your source for all your lending needs and has been for over 10 years. We specialize in providing mortage loans for home purchase, refinance, and construction. Whether you need a home equity line of credit on your primary residence, a low-down payment mortage for the purchase of a first home, or the best mortgage rates on a retirement home purchase, Home Financial has you covered.
With years of local experience living and working in the Northern Colorado and the Estes Park Valley, we have a thorough understanding of the Estes Park real estate market. You simply will not find such familiarity with non-local lenders, furthermore, it is very important in processing mortgage loan transactions.
Staying local also creates a relationship that benefits both you and your local community. We invite you to call, email, or visit our office on the second floor of the US Bank on Elkhorn Avenue in downtown Estes Park for more information on your new mortgage, refinance or construction loan.
Home Financial News
Rate Update
May 8, 2008
Here is a synopsis of current rates from Home Financial of the Rockies for 5-8-2008 at 2:45 PM:
| 30 Year Fixed: | 5.750% | 5.875% APR |
| 15 Year Fixed: | 5.375% | 5.583% APR |
| 30 Year I/O: | 6.375% | 6.492% APR |
| 30 Year Jumbo: | 7.375% | 7.486% APR |
| 30 Year Investor: | 6.375% | 6.504% APR |
| 5/1 ARM: | 5.250% | 5.364% APR |
Rates have been fluctuating in a narrow band over the past week, rising slightly before dropping again to the levels above. Some non-standard products have increased slightly in rate (interest only and investor occupancy), ARM rates dipped. The next big items that I expect to affect mortgage rates are the CPI announcement on May 14th and PPI on May 20th. Any increase in inflation may trigger an increase in rates, on the other hand, if inflation is more tame than expected we could catch lower rates following those announcements.
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