A Metro Denver Real Estate Company
The 10-year Treasury note dropped below 3% on June 30. The average mortgage interest tends to post at 2.20% higher than the 10-year note, so today Fannie and Freddie rates at 5.7% is an indicator that the mortgage market is pricing in the expected Federal Reserve’s increase of 50 basis points later in July. If that is true, mortgage rates may settle at 6% or less as we move into the fall.
Aim for Open-Ended Questions – At Novella, we ask questions that will help us and you better understand your lifestyle and how the house fits into that.
Buyers must be Pre-Approved – This means the loan is ready to go subject to an address. Credit is approved, employment & income verified and the application is complete.
Complete a “Right to Buy Listing Contract” – It has become increasingly important to create a contractual relationship with buyers so they have representation in the increasingly competitive environment.
Novella Real Estate
5600 S. Quebec St., #150D
Greenwood Village, CO 80111
(303)350-5838
