Colorado Mortgage Rates

 

 

Colorado Facts

Colorado is located in the western United States. Two-thirds of the state is formed of mountains and plateaus. Colorado, with an average elevation of 2,070 m (6,800 ft), has more than 1,000 Rocky Mountain towering over 10,000 ft high and 54 of them are above 14,000 ft. As of 2005, Colorado has an estimated population of 4,665,177, which is an increase of 63,356, or 1.4%, from the prior year and an increase of 363,162, or 8.4%, since the year 2000. Denver is the capital and it is also the largest city of Colorado

Colorado has a complex climate due to its variation of the elevation and the movements of air masses. In general, an increase in elevation brings a decrease in temperature and an increase in precipitation. The plains and the Colorado Plateau can have many days above 95 F and sometimes 100 F or more in summers. In winters, extreme cold weather occurs sometimes on the plains when the artic air sweeps down from the north. Heavy nowfall is common in the mountain in winters. The high mountains receive snow in the middle of summer sometimes when the weather is really cold.

The manufacture and service sectors of Colorado have expanded greatly since 1950s. The Denver metropolitan area is an important manufacturing and financial center. Food processing is a major industry; others include the manufacture of computer equipment, aerospace products, transportation equipment, machinery, and chemical products. The state is also notable for its concentration of scientific research and high-technology industries. The National Oceanic and Atmospheric Administration and National Institute of Standards and Technology are located in Boulder. Tourism also plays an important role of Colorado¡¦s economy. Famous ski resorts such as Vail and Aspen attract thousands of vistors in winters. Hunting, fishing, camping, hiking, and automobile touring are popular activities year-round.

Conforming Mortgage Rates Jumbo Mortgage Rates
30 Years Fixed Rate
15 Years Fixed Rate
5/1 Adjustable Rate Mortgage
3/1 Adjustable Rate Mortgage
One Year Adjustable Rate Mortgage
Interest Only Mortgage 3/1 ARM
Interest Only Mortgage 5/1 ARM
40 Year Fixed Rate Mortgage

30 Years Fixed Rate
15 Years Fixed Rate
5/1 Adjustable Rate Mortgage
3/1 Adjustable Rate Mortgage
One Year Adjustable Rate Mortgage
Interest Only Mortgage 3/1 ARM
Interest Only Mortgage 5/1 ARM
40 Year Fixed Rate Mortgage

 

Colorado Housing Statistic - Single Family Units

 

Units Sold

Median Sale Price

 

1Q 06

2Q 06

% Chge

1Q 06

2Q 06

% Chge

Metro District

7234

11865

64%

$242,452

$252,383

4

Glenwood Springs

162

293

81

254,167

294,444

16

Grand County

53

89

68

375,000

400,000

7

Gunnison

49

83

69

450,000

295,000

-34

Steamboat Springs

57

103

81

462,500

430,000

-7

Summit

245

353

44

427,273

475,000

11

Telluride

22

10

-55

2,333,333

2,000,000

-14

Boulder Area

744

1191

60

358,750

375,909

5

Estes Park

37

57

54

310,000

360,000

16

Fort Collins

535

888

66

231,667

231,649

0

Greeley

765

1278

67

195,217

208,043

7

Logan

64

52

-19

88,333

82,500

-7

Loveland

363

537

48

236,905

243,571

3

Morgan County

89

95

7

120,000

107,500

-10

Craig

47

66

40

165,000

157,500

-5

Delta County

104

174

67

161,250

167,778

4

Grand Junction

465

1224

163

176,166

185,405

5

Chaffee

94

166

77

210,714

214,286

2

Pikes Peak

2443

3678

51

207,974

224,369

5

Pueblo

571

733

28

122,647

129,167

5

Royal Gorge

207

293

42

121,667

136,667

12

Cortez

68

91

34

164,000

165,000

1

Durango

147

252

71

350,000

355,769

2

Pagosa Springs

82

110

34

255,882

272,561

7

State

14647

23926

63

236,115

232,222

-2

Data Source: Colorado Association of Realtors

Largest Cities by population in Colorado:

Arvada
Aurora
Black Forest
Boulder
Brighton
Broomfield
Canon City
Castle Rock
Castlewood
Centennial

Cimarron Hills
Clifton
Colorado Springs
Columbine
Commerce City
Denver
Durango
Englewood
Erie
Evans

Firestone
Fort Collins
Fountain
Golden
Grand Junction
Greeley
Greenwood Village
Highlands Ranch
Ken Caryl
Lafayette

Lakewood
Littleton
Longmont
Louisville
Loveland
Montrose
Northglenn
Parker
Pueblo
Pueblo West

Security-Widefield
Sherrelwood
Southglenn
Sterling
Superior
Thornton
Welby
Westminster
Wheat Ridge
Windsor