Home-loan payoffs in Colorado fall to 5-year low

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Home-loan payoffs in Colorado fall to 5-year low – Pantelan Real Estate Services Increasing mortgage rates continued to fuel a steep decline in the number of home loans paid off in Colorado in the first quarter.

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Home-loan payoffs in Colorado fall to 5-year low – Pantelan Real Estate Services Increasing mortgage rates continued to fuel a steep decline in the number of home loans paid off in Colorado in the first quarter.

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Average mortgage rates, which have been in a downtrend since September 2018, continued to move lower during the first week of 2019. The average 30 year conventional mortgage rate is currently at 4.60 percent, down from an average 30 year rate of 4.67 percent last week. 15 year mortgage rates today are averaging 3.77 percent, a decline from the prior week’s average rate of 3.82 percent. 5 year.

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