Back HomeHow Low Can They Go?
Limbo or mortgage rates…how low can they go? Nationally, the average fixed rate 30-year mortgage is down to 4.27% from 4.32% the week before. Locally, in the Steamboat Springs area, at least one bank is advertising their 30-year fixed rate at 3.75%. Interestingly, the local “Agency Jumbo” rate is 3.75%, as well. (Agency jumbo applies to loans from $417K up to $675K.) Imagine locking in a loan at 3.75%!
The average rate on a 15-year, fixed-rate loan dropped to 3.72%. Interest rates at these levels are the lowest ever recorded…that is since 1971 when record-keeping began.
Mortgage rates track the yield on Treasury bonds, which have seen a resurgence since Spring with investors seeking safety.
Speaking of things going low, check out these unbelievable deals…
This Terraces Unit is walking distance to the slopes, restaurants, shops and more. Reduced to $339,000.
This Old Town Lot is one of the highest lots in town. It’s also one of the largest. It sits on a cul-de-sac, with views of Howelsen, Mt Werner, and the valley, plus it backs up to over 800 acres of undeveloped land. This may be the best lot in Steamboat. Now priced at only $550,000.
Sitting in the prestigious Sanctuary subdivision, these two homes have been reduced to sell! At $2,195,000, this elegant Old World Style Home is spacious and sits directly on the golf course. At $2,499,999, this stone sided sanctuary home is a work of art. Private and spacious, this is one of the areas nicest homes.
Last but not least is this Catamount Lake Front Home. Reduced by over $1million, it is now priced at $2,995,000. With unobstructed lake views and direct access to all the amenities of Lake Catamount, this home is fun, convenient and luxurious.
Special thanks to Anne Mayberry for the Mortgage Rate information above. You can contact Anne at 970.846.1425. Please call us with any real estate questions or if you would like to see any of these Steamboat Properties.
Sincerely,
The Vanatta Group
970-879-8100
www.SteamboatEstates.com
Bringing you Luxury Real Estate in Steamboat Springs for over 20 years.
