Current Colorado Mortgage Rates
Colorado 30-year and 15-year rates, the payment on a $400,000 loan and how to lower yours. Updated weekly.
Today's Colorado mortgage rate is 7.28% on a 30-year fixed loan and 6.60% on a 15-year fixed loan, up 0.25 points from 7.03% a week earlier (Freddie Mac, week of October 1, 2026). On a $400,000 Colorado loan, that is a principal-and-interest payment of $2,737 a month. Rates are the same in Denver, Colorado Springs and Fort Collins. Home prices are not, and price moves your payment more than the rate does.
Call or text 303-955-4220. A live person answers. Not a robot, not a phone tree.
Freddie Mac 30-year fixed: 7.28%. 15-year fixed: 6.60%.
Week of October 1, 2026. The 30-year rate was 7.03% a week earlier, a change of +0.25 points, and the 15-year rate was 6.42%. The 30-year rate was 6.55% 11 weeks ago, on July 16.
Half a point on a $400,000 loan: the payment is $2,737 a month at 7.28% and $2,602 a month at 6.78%. That is $135 a month, $4.44 a day and $1,620 a year. See the full half-point math for Colorado buyers.
What are mortgage rates in Colorado today?
The 30-year fixed average is 7.28% and the 15-year fixed average is 6.60% for the week of October 1, 2026. The 30-year rate was 6.55% on July 16, 11 weeks ago. Since then it has moved +0.73 points, which changes the payment on a $400,000 loan by +$196 a month.
$2,737 $400,000 loan at 7.28% Principal and interest, 30-year fixed, per month | +$68 Change from last week 7.03% to 7.28%, payment on $400,000 |
+$196 Change since July 16 Rate was 6.55%, payment was $2,541 | $135 Half a point of rate The gap between 7.28% and 6.78% on $400,000 |
Freddie Mac publishes the national average every Thursday. A Colorado lender prices your loan off the same market, then adjusts for your credit score, down payment, loan type and property. Your quote can land above or below the average on the same day.
Monthly payment on a $400,000 loan, 30-year fixed, at five example rates
Find the rate you are quoted on the bars. Each half point is about $34 a month for every $100,000 you borrow.
Are mortgage rates different in Denver, Colorado Springs and Fort Collins?
No. The interest rate is the same in every Colorado city. Lenders price a loan on your credit, your down payment and the loan type, not on your ZIP code. The payment differs because home prices differ. Here is the payment at 7.28% with 20% down at each median price:
| Market | Median price | Loan at 20% down | Payment at 7.28% |
|---|---|---|---|
| Denver metro, single-family | $650,000 | $520,000 | $3,558 |
| Denver metro, condo and townhome | $365,500 | $292,400 | $2,001 |
| Fort Collins, houses | $637,500 | $510,000 | $3,489 |
| Colorado Springs, all homes | $470,000 | $376,000 | $2,573 |
| Colorado, statewide | $550,000 | $440,000 | $3,011 |
Monthly principal and interest at today's rate with 20% down, by market
Denver metro house ($650,000)
$3,558
Fort Collins house ($637,500)
$3,489
Colorado median ($550,000)
$3,011
Colorado Springs ($470,000)
$2,573
Denver condo or townhome ($365,500)
$2,001
Same rate, a $1,557 gap between the Denver house payment and the Denver condo payment. Add property tax, insurance and dues for the full bill. See HOA fees in Colorado and homes for sale in Aurora, Lakewood, Boulder, Greeley and Pueblo. Read how the market is moving by city.
How are Colorado mortgage rates set?
Two layers set your rate: the bond market sets the base, and your loan file sets the markup. The 30-year mortgage rate follows the 10-year Treasury yield plus a spread. The Federal Reserve sets the overnight federal funds rate, not mortgage rates, so a Fed hold does not lower your payment. Read what a Fed hold means for Denver buyers.
| What sets the rate | How the lender prices it | What you control |
|---|---|---|
| 10-year Treasury yield | Mortgage rates move with it, day by day | Nothing. Lock when you like the number. |
| Credit score | Priced in tiers. 740 and above gets the best price. 620 is the conventional floor. | Pay cards under 30% of the limit and dispute errors 90 days before you shop. |
| Down payment | Under 20% down adds mortgage insurance. 20% down removes it. | Compare 20% down with 3% to 5% down plus assistance. |
| Loan type | Conventional, FHA, VA, USDA, jumbo and ARM each have their own rate sheet. | Ask for a quote on each loan you qualify for. |
| Loan size | Loans above $832,750 in most Colorado counties are jumbo loans. | Put more down to stay under the limit. |
| Property use | Second homes and rentals price higher than a primary home. | Tell the lender the use up front. |
| Points and lock length | One point costs 1% of the loan and lowers the rate. A longer lock costs more. | Pay points only if you keep the loan 5 years or longer. |
Read the lender side of this in plain words: Kenna Credit Care for your score and Colorado home financing options.
30-year vs 15-year mortgage payment on a $400,000 loan
The 15-year loan costs $769 more a month ($3,506 against $2,737) and saves $354,104 in interest. The 15-year rate is lower, 6.60% against 7.28%, and the loan is paid off in half the time.
| $400,000 loan | 30-year fixed | 15-year fixed |
|---|---|---|
| Rate (Freddie Mac, week of October 1, 2026) | 7.28% | 6.60% |
| Monthly principal and interest | $2,737 | $3,506 |
| Total interest over the loan | $585,266 | $231,162 |
| Total paid, loan plus interest | $985,266 | $631,162 |
| Payoff | 30 years | 15 years |
Monthly payment on a $400,000 loan
30-year fixed
$2,737
15-year fixed
$3,506
Total interest paid over the life of the loan
30-year fixed
$585,266
15-year fixed
$231,162
Pick the 30-year loan if the $3,506 payment strains your budget: you can still send extra principal any month. Pick the 15-year loan if the payment fits with room to spare and you want the house paid off by retirement. See what you can afford at 7% and who is buying at 7%.
FHA, VA, USDA, jumbo and ARM rates in Colorado
Freddie Mac publishes only the 30-year and 15-year averages, so this page lists those two rates as numbers. FHA, VA, USDA, jumbo and ARM rates are quoted to you in writing, because each depends on your score, your down payment and your price. Here is how the loans differ:
| Loan | Down payment | Credit score floor | Mortgage insurance or fee | Who qualifies |
|---|---|---|---|---|
| Conventional 30-year | 3% to 20% | 620 | Monthly PMI under 20% down; drops off at 80% loan-to-value | Any buyer under the loan limit |
| FHA | 3.5% (580 score), 10% (500 to 579) | 580 | 1.75% upfront plus 0.55% a year, for the life of the loan with under 10% down | Any buyer under the FHA limit |
| VA | 0% | No VA minimum; most lenders set 620 | No monthly insurance; funding fee of 2.15% on first use with no down payment, waived with a service-connected disability rating | Eligible veterans, service members and surviving spouses |
| USDA | 0% | 640 | 1% upfront plus 0.35% a year | Eligible rural areas and household incomes under the limit |
| Jumbo | 10% to 20% | 700 at most lenders | No standard rule; priced by the lender | Loans above $832,750 in most Colorado counties |
| ARM (5/1, 7/1, 10/1) | 3% to 20% | 620 | Same as conventional | Buyers who keep the loan less than the fixed period |
An ARM holds the rate for 5, 7 or 10 years, then adjusts every year. A 2/2/5 cap means the rate rises at most 2 points at the first reset, 2 points in any later year and 5 points over the life of the loan. Example with made-up rates: a 5/1 ARM that starts at 6.00% on $400,000 costs $2,398 a month. If it resets 2 points to 8.00% in year 6, the payment on the $372,217 balance is $2,873, which is $475 more a month.
5/1 ARM example on $400,000: monthly payment before and after the reset
Read the jumbo loan guide for Front Range buyers, and see homes that fit the FHA, VA and USDA programs, VA assumable homes and rent-to-own homes.
How do I get the lowest mortgage rate in Colorado?
Seven moves lower the rate you are quoted, in the order that pays most.
- Raise your credit score to 740. Pull your reports 90 days before you shop, dispute errors, and pay every card down under 30% of its limit. See Kenna Credit Care.
- Choose your down payment. 20% down on a $450,000 home is $90,000 and removes mortgage insurance. 5% down with CHFA down payment assistance (620 score) or the $1,000 cash-to-close program keeps your savings.
- Buy points or a buydown. One point costs $4,000 on $400,000. Priced at a quarter point of rate, it lowers the rate from 7.28% to 7.03% and saves $68 a month. It breaks even in 59 months. See the 3-2-1 buydown program.
- Ask the seller to pay. A 3% seller credit on $400,000 is $12,000, which buys three points. Spent on a permanent buydown to 6.53% it saves $201 a month. Read seller concessions in Colorado and builder incentives.
- Get three Loan Estimates on the same day. One eighth of a point is $34 a month on $400,000, which is $12,240 over 30 years. Mortgage inquiries inside a 14-day window count as one on your score.
- Lock the rate. A lock holds your rate for 30 to 60 days while the loan closes. Lock when the payment fits your budget, because the 30-year rate moved +0.25 points last week.
- Look at an assumable loan. An assumable mortgage keeps the seller's rate.
Should I wait for mortgage rates to drop?
Wait only if you cannot afford the payment today. If you can afford it, buy now and refinance if rates fall. No lender or economist can name the day rates drop. If the 30-year rate falls from 7.28% to 6.78%, a $400,000 loan saves $135 a month. A 3% price rise on a $400,000 home is $12,000, which is $82 a month at 7.28% and takes back 61% of that saving. Metro Denver had 4.76 months of inventory in September 2026, so buyers can negotiate today. Read buy now or wait for lower rates, the rent vs buy math and the half-point payment explainer.
Should I refinance my Colorado mortgage?
Refinance when the monthly saving pays back the closing costs within the time you will keep the loan. A refinance costs 2% to 3% of the loan, which is $8,000 to $12,000 on $400,000. Divide the cost by the monthly saving to get your break-even in months:
| Rate drop on $400,000 | Monthly saving | Break-even at $8,000 | At $10,000 | At $12,000 |
|---|---|---|---|---|
| 0.50 points (7.28% to 6.78%) | $135 | 59 months | 74 months | 89 months |
| 1.00 point (7.28% to 6.28%) | $266 | 30 months | 38 months | 45 months |
Some lenders roll the cost into the loan, and the saving drops by the same amount. A refinance is a bonus, not a plan: buy a payment you can carry at today's rate. Read refinancing a Colorado home and how to use refinance calculators. Selling first? Get a free home value report or read how to sell and buy at the same time.
What to watch out for with Colorado mortgage rates
Six traps that cost more than a rate quote shows
- ARM teaser rates. A 6.00% start rate that resets to 8.00% adds $475 a month on $400,000. Read the cap on the Loan Estimate.
- Junk fees. $2,000 in extra fees takes 59 months to earn back at $34 a month. Add the fees to the rate before you compare lenders.
- Rate versus APR. The APR includes fees and points. Compare APRs on the same loan type and the same loan amount.
- Lock expiry. If your lock ends before closing, you pay the day's rate or a fee. Ask for the lock length in writing and build in 10 days of slack.
- Temporary buydowns. A 2-1 buydown ends after 2 years. Qualify for the year-3 payment of $2,737, not the year-1 payment of $2,216.
- Waiting while prices rise. A 3% price rise on $400,000 costs $82 a month, 61% of a half-point rate drop. Read who is buying at 7%.
Colorado mortgage rates: quick answers
What are mortgage rates in Colorado today?
Freddie Mac's 30-year fixed average is 7.28% and its 15-year fixed average is 6.60% for the week of October 1, 2026. Rates are the same in every Colorado city. Your quote depends on your credit score, down payment and loan type.
What is the 30-year mortgage rate in Colorado today?
7.28% for the week of October 1, 2026, up 0.25 points from 7.03% a week earlier. On a $400,000 loan, the payment is $2,737 a month for principal and interest.
What is the 15-year mortgage rate in Colorado today?
6.60% for the week of October 1, 2026. On a $400,000 loan the payment is $3,506 a month, which is $769 more than the 30-year loan, and it saves $354,104 in interest.
Are mortgage rates different in Denver, Colorado Springs and Fort Collins?
No. The base rate is the same across Colorado. Your own rate depends on your credit score, down payment and loan type. Payments differ because prices differ: at 7.28% with 20% down, the payment is $3,558 on a $650,000 Denver house and $2,573 on a $470,000 Colorado Springs home.
What is the monthly payment on a $400,000 mortgage?
$2,737 a month in principal and interest at 7.28% on a 30-year fixed loan, and $3,506 on a 15-year fixed loan at 6.60%. Property tax, homeowners insurance and HOA dues are added on top.
Who sets mortgage rates?
The bond market sets the base: the 30-year mortgage rate follows the 10-year Treasury yield. The Federal Reserve sets the overnight federal funds rate, not mortgage rates. Your lender adds a markup for your credit score, down payment, loan type and property.
What credit score do I need for the lowest rate?
740 and above gets the best price on a conventional loan. The floor is 620 for conventional, 580 for FHA with 3.5% down and 640 for USDA. A score below 620 can still buy with a rent-to-own plan.
Are FHA, VA and USDA rates lower than conventional rates?
Each loan has its own rate sheet, so the rate can sit above or below the conventional rate on the same day. Compare the full Loan Estimate: FHA and USDA add mortgage insurance, and VA adds a funding fee on first use.
Should I wait for mortgage rates to drop?
Wait only if you cannot afford today's payment. A half-point drop saves $135 a month on $400,000. A 3% price rise costs $82 a month. If you can afford the payment today, buy and refinance if rates fall.
How much does half a percent change my payment?
$34 a month for every $100,000 borrowed: $135 on a $400,000 loan at 7.28%, $101 on $300,000 and $168 on $500,000.
When is a refinance worth it?
When the monthly saving pays back the 2% to 3% closing cost before you sell or move. On $400,000, a half-point drop saves $135 a month and breaks even in 59 to 89 months. A one-point drop saves $266 and breaks even in 30 to 45 months.
What is a rate lock and how long does it last?
A rate lock is the lender's written promise to hold your rate for 30 to 60 days while the loan closes. Longer locks cost more. Lock when the payment fits your budget.
How do I get pre-approved for a mortgage in Colorado?
Give a lender your pay stubs, two years of tax returns and bank statements. You get a pre-approval letter and a Loan Estimate with your rate and fees. Call or text 303-955-4220 and a live person at the Kenna Real Estate Group walks you through the steps.
Get your Colorado mortgage rate in writing
A rate on a website is an average. Your rate is a Loan Estimate with your name on it. The Kenna Real Estate Group works with Mike Oswald at Rate, lending in Colorado since 2001, who quotes conventional, FHA, VA, USDA and jumbo loans and answers the phone. Book a call, start the pre-approval, or ring the office.
Book 15 minutes with MikeStart a pre-approval
Direct line: (720) 677-5816. Or call or text 303-955-4220 and a live person at the Kenna Real Estate Group answers.
Mike Oswald, NMLS #261003. Rate, Inc., NMLS #2611. Equal Housing Lender. Licensing: nmlsconsumeraccess.org. You may use any lender; the Kenna Real Estate Group receives nothing for the introduction. Not a commitment to lend; loans are subject to credit approval.
Colorado homes under $450,000 for sale, updated daily
158 Properties Found
Sort By:
$300,000
Active
2
Beds
1
Baths
920
Sqft
0.01
Acres
7700 W Glasgow Pl #6A, Littleton, CO 80128
MLS#: REC3839756
$310,000
Active
2
Beds
2
Baths
1026
Sqft
0.04
Acres
12332 Colorado Blvd #40, Thornton, CO 80241
MLS#: REC3316461
$189,000
Active
1
Beds
1
Baths
742
Sqft
--
Acres
12015 E Harvard Ave #207, Aurora, CO 80014
MLS#: REC5435632
$349,900
Active
2
Beds
3
Baths
1216
Sqft
--
Acres
15612 E 96th Way #12D, Commerce City, CO 80022
MLS#: REC6879125
$380,000
Active
3
Beds
3
Baths
1674
Sqft
0.07
Acres
2402 49th Ave Ct #40, Greeley, CO 80634
MLS#: RECIR1068851
$359,900
Active
2
Beds
2
Baths
1059
Sqft
--
Acres
700 N Washington St #202, Denver, CO 80203
MLS#: REC1542167
$330,000
Active
3
Beds
2
Baths
1728
Sqft
36
Acres
599 Snyder Creek Rd, Jefferson, CO 80456
MLS#: REC8954524
Open: Sat 10:00 AM - 3:00 PM
$350,000
Active
2
Beds
2
Baths
1139
Sqft
0.04
Acres
5534 S Greenwood St, Littleton, CO 80120
MLS#: REC5701298
$134,500
Active
1
Beds
1
Baths
617
Sqft
--
Acres
5995 W Hampden E 15 Ave #15, Denver, CO 80227
MLS#: REC7134798
Colorado homes under $450,000 for sale, updated daily Market Stats
158
Homes Listed
108
Avg. Days on Site
$260
Avg. $ / Sq.Ft.
$288,280
Med. List Price
More Colorado mortgage and home-buying guides
- 7% mortgage rate: only $135 a month more in Colorado
- Rent or buy in Colorado at 7% rates
- Colorado housing inventory is piling up: what it means
- Before you apply for a Colorado mortgage: the 90-day plan
- Delayed financing: buy with cash, then get the mortgage, pay cash or finance in Colorado
- Affordable homes in Colorado: Denver, Colorado Springs, Fort Collins, Greeley and Pueblo
- Homes for sale in Castle Rock, Thornton, Longmont, Loveland, Arvada, Westminster and Highlands Ranch
- Colorado foreclosures, short sales and HUD homes
- Search every Colorado home for sale, new construction, free buyer guides
- Meet the Kenna Real Estate Group agents and read our client reviews
Get your free payment comparison
Text us your price, your down payment and your town. The Kenna Real Estate Group sends back your payment at three rates, the cost of a buydown and the homes that fit, at no cost.
Call or text 303-955-4220. A live person answers. Not a robot, not a phone tree.
Get your free payment comparison
@ Copyright 2026, AgentLoft.com - Powered by AgentLoft