Double Whammy

Double Whammy

According to the Wall Street Journal, U.S. mortgage rates have hit their highest level since 2014 finishing the week at 4.46% for a 30 year fixed rate.  This is the ninth consecutive week that rates have climbed and the trend may continue.  The rate hike has already crimped refinancing activity and could push new home buyers out of the market. This has created a double whammy for buyers as home prices have also risen considerably.  (courtesy Wall Street Journal, March 9, 2018.)

Now,  this is good news if you're in your dream home already, but if you are  a new buyer with nothing to sell, it may seem gloomy.  However, one has to remember that even at 4.46%, this is still a bargain for borrowing money to get into that new home.  Our parents dealt with mortgage rate double and triple that, yet managed to put a roof over their head.  So don't despair, spring is upon us, and that usually means a flood of new property listings providing more selection and better pricing due to the competition.  If you'd like to find a new home, any one of our agents at Ion Real Estate can help.  We have the knowledge, experience and skill to find your home and get the best price possible.  So give us a call at 720-466-2866 and let us do the work.

Steve Stein


Cell: 720-353-9000


Steve Stein Headshot
Phone: 720-353-9000
Dated: April 2nd 2018
Views: 331
About Steve: As a Realtor® and real estate advisor, Steve is dedicated to representing the best interests of his...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Market Update - 2020 kicks off briskly for the
Jan 28 2020 70641 1 - Good Morning Colorado!On this
Great Time To Sell - Over the last 30 years, active
HVAC And When To Call In The Pros - If you're a homeowner, the

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Engel & Volkers - Denver
2049 Larimer St.
Denver, CO

Other Locations