There is an article in the Denver Post today titled: “Record-low mortgage rates boon for housing”. the headline itself is deceiving since the article goes on to explain that the “boon” is really only for higher end housing.
While deceiving, the article has a good point. With rates well below 5% for a 30 year fixed mortgage (Jumbos are near 5.75%), many High End buyers are seeing the value in buying even in a depressed market. The savings on a high end home can be huge. Using a $800,000 home as an example, a 1% increase in rates can mean buying now gives you the same mortgage payment as if you purchased a $700,000 home.
If you’re in this group, don’t let this chance pass you by. You can see all Highlands Ranch Homes for Sale here, or you can call us at 303-817-0209.