April 10, 2019 by RE/MAX of Cherry Creek It’s a common question: What are today’s interest rates? Alas, the question is easier posed than answered, as interest rates vary significantly according to many factors. What goes into the interest rate you will receive on your mortgage? The Consumer Financial Protection Bureau (CFPB) cites these 7 elements: Your credit score: Generally, the better your score, the lower your interest rate, as lenders...

by Judy Jones “What are the current interest rates?” This is a very common question from real estate agents and buyers. Answering the question of what’s today’s interest rate is as difficult to answer as “What’s the price of a four bedroom home in the Atlanta area?” The answer to both of these questions is, “It depends!”  There are many factors that impact both of these numbers. The price of four bedroom homes in the Atlanta market area ranges...

“What are your rates today?” This seems like such a simple question. However, there is no simple answer to this seemingly simple question. Interest rates vary greatly based on loan type, loan size, loan term, and lock-in time, region of the county, world markets, bond prices and many other volatile indexes. These factors have a major impact on the movement of interest rates, but this list does not include the most important factor, the specific...