Current Colorado Mortgage and Refinance Rates

Mortgage interest rates currently average 6.03% for 30-year fixed loans and 5.13% for 15-year fixed loans. Current average rates are calculated using all conditional loan offers presented to consumers nationwide by LendingTree’s network partners over the past seven days for each combination of loan program, loan term and loan amount. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.

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Refinance rates in Colorado

30-year FIXED

Current refinance rates are averaging:

6.39%

Current average rates are calculated using all conditional loan offers presented to consumers nationwide by LendingTree’s network partners over the past seven days for each combination of loan program, loan term and loan amount. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.

15-year FIXED

Current refinance rates are averaging:

5.87%

Current average rates are calculated using all conditional loan offers presented to consumers nationwide by LendingTree’s network partners over the past seven days for each combination of loan program, loan term and loan amount. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.

There are many home refinance options, and each comes with slightly different features and rates.

  • Rate-and-term refinances involve paying off your current loan via a new loan with better terms, like a lower interest rate or different loan term (or both). Lengthening your loan term or lowering your interest rate will reduce your monthly mortgage payment.
    • Refinance rates may be slightly lower than mortgage rates for new purchases.
  • Cash-out refinances offer a way to receive a portion of your home equity in cash by replacing your current home loan with a new mortgage.
    • Cash-out refinance rates are usually higher than regular refinances.
  • Conventional refinances aren’t a part of a government loan program.
    • Conventional refinances typically come with higher rates than government-backed refinances.
  • FHA refinances are insured by the Federal Housing Administration (FHA) and are usually easier to qualify for than conventional loans.
    • FHA refinance rates are most often lower than conventional refinance rates. In this current rate environment, you can expect them to be about 0.33 percentage points lower.
  • VA refinances are backed by the U.S. Department of Veterans Affairs (VA) and carry some of the most flexible requirements and best rates. However, you must be a qualified military borrower.

See whether refinancing makes sense for you using our mortgage refinance calculator.

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What is the current mortgage rates forecast?

The current mortgage rates forecast is for rates to remain around 6.0% in early 2026, even after three rate cuts by the Federal Reserve in late 2025.

Our market expert warns that affordability won’t increase dramatically any time soon, meaning it’s not a good idea to try to “time the market.” If you’re looking to get the best mortgage rates possible, you’ll need to do what you can to get lower rates, rather than waiting for the “perfect” rates environment.

Let’s now look at which aspects of your mortgage rates you can influence, and what actions you can take today.

How do I get the best mortgage rate for my Colorado home loan?

There are many factors determining mortgage rates that are out of your control, but here are a few steps you can take to get the best mortgage rate:

  • Boost your credit
    Your credit score strongly influences the mortgage rates you’re offered. In general, the higher your score, the better your rate.
  • Lower your debt-to-income (DTI) ratio
    Your DTI ratio is a number that lenders use to evaluate how heavy of a debt load you carry. You can lower your DTI by increasing your income, paying off some debts or getting a cosigner.
  • Buy a single-family, site-built home
    You’ll probably see the lowest interest rates if you avoid buying a manufactured home, a vacation home an investment property or any other property with more than one unit.
  • Pay mortgage points
    Mortgage points allow you to “buy down” your interest rate, typically reducing it by up to 0.25% for each point you get. If it’s within your reach, making what amounts to an upfront interest payment could save you a lot of money in the long run.
  • Compare offers from multiple lenders
    Take the time to gather loan estimates from three to five lenders. It’s a simple way to save money, as shopping for the best rate could save you thousands — or even tens of thousands of dollars — according to LendingTree data.

Read more about our picks for the best mortgage lenders.

When should I lock in my mortgage rate?

Once you’ve applied for a mortgage and received a loan estimate with an offer you want to take advantage of, you should request that the lender give you a mortgage rate lock. This ensures that your interest rate won’t increase before you close on the loan.

Colorado home loan programs

CHFA Second Mortgage Loan

The Colorado Housing and Finance Authority (CHFA) offers a second mortgage that can help finance up to $25,000 or 4% of your loan amount, whichever is less.

The funds can be used towards your down payment or closing costs. You will of course have to repay the loan, but you’re allowed to wait until you sell the home, pay off the primary mortgage or move out.

Who qualifies

Borrowers must:

  • Have at least a 620 credit score
  • Not exceed annual income limits (based on your household size, location and mortgage loan program)
  • Take a homebuyer education course
  • Contribute at least $1,000 toward purchase

CHFA Down Payment Assistance Grant

This program, also from CHFA, offers up to $25,000 or 3% of the loan (whichever is less), so that you can boost your down payment.

This can help you reduce or even eliminate private mortgage insurance (PMI). Or, if you’d prefer, funds can also be used toward closing costs.

Since this is a grant, you won’t be required to pay the funds back.

Who qualifies

Borrowers must:

  • Have at least a 620 credit score
  • Not exceed annual income limits
  • Take a homebuyer education course
  • Contribute at least $1,000 toward purchase

NEWSED Community Development Corporation Down Payment Assistance Program

NEWSED is an organization working to help underserved communities in the Denver metro area. This program, which is only for first-time homebuyers, offers up to $10,000 in assistance with a down payment, closing costs or an interest rate buydown.

Who qualifies

Borrowers must:

  • Purchase in the city of Denver or local metro counties (Adams, Arapahoe, Broomfield, Douglas or Jefferson)
  • Meet income limits, starting at $98,520 for a single-person household and going up to $185,760 for a family of eight
  • Purchase a home with a price that’s no higher than 95% of the median price for their area
  • Attend a first-time homebuyer class as well as prepurchase counseling
  • Contribute at least $1,000 towards home purchase

Who qualifies as a first-time homebuyer?

Borrowers must:

  • People who have never owned a home
  • People who haven’t owned real estate in the last three years

Find CHFA loan officers in your area on the CHFA website.

Learn about different types of CO mortgage loans

  • Colorado conventional loans
    Conventional loans are a common choice for borrowers with good credit scores and sufficient down payment funds. These loans typically share certain minimum requirements set by Fannie Mae and Freddie Mac.
  • Colorado FHA loans
    FHA loan requirements are far more forgiving than conventional loan requirements. You can qualify with a credit score as low as 500 if you make a 10% down payment, or put down as little as 3.5% if you have at least a 580 score.
  • Colorado VA loans
    VA loan requirements offer flexibility and some great perks for military borrowers. These include the ability to purchase or refinance without making a down payment or paying for mortgage insurance.
  • Colorado streamline refinances 
    involve FHA streamline refinance loans or VA interest rate reduction refinance loans (IRRRL). “Streamline” means that these loans require less paperwork than other refinance types. However, you’ll have to refinance from an FHA loan into an FHA loan, or from a VA loan into a VA loan, in order to take advantage of these programs.
Home Home Loan Mortgage Rates Current Colorado Mortgage and Refinance Rates