Colorado Mortgage Refinance

With a population of 1,990,524, Colorado residents have plenty of home choices throughout the state. The median home price in Colorado is $218,100 with examples of homes selling for $188,700 in Colorado Springs (80863), $192,700 in Grand Junction (81501) and $224,600 in Denver (80002). Home values in Colorado average around $208,800 with individual city values ranging from $108,100 in Pueblo (81001) to $299,500 in Boulder (80025). In terms of refinancing, rates are slightly lower than the national average. Colorado homeowners can find rates on a 30 year fixed mortgage refinance ranging from 4.74% APR to 5.29% APR. Rates on a 15 year fixed product are as low as 4.20% APR to 4.56% APR. When searching for the right mortgage refinance product, borrowers should identify the reason why they want to refinance their mortgage. Popular reasons include debt consolidation, reduction of monthly mortgage payment and for home improvement purposes. When it comes to shopping for the right lender in Colorado, borrowers should review and compare rates from a variety of Colorado lenders, calculate payments and include fees and points when making final decisions.