Ben's Colorado Mortgage Briefing
Updated September 9, 2026
Here's your plain-English read on Colorado mortgage rates and the housing market right now — updated regularly so you always know your next move. Real talk, no fluff.
Live market rate averages from RateUpdate — not a rate quote or commitment to lend. Your actual rate depends on credit, loan type, property, and market conditions. Let's talk about your specific numbers.
Daily trackers had the 30-year fixed conventional up a handful of basis points Wednesday morning, sitting right around 6.75%. FHA is averaging near 6.15% and VA near 6.0%. These are illustrative national averages — not a rate quote and not a commitment to lend. Your actual number depends on credit, down payment, property type, and program.
There's roughly three quarters of a point between the conventional and VA national averages today, and FHA is sitting well under conventional too. Most lenders won't tell you this, but picking the right program usually moves your payment more than squeezing one lender against another on price. Worth a five-minute conversation before you shop anything else.
The target range is still 3.50%–3.75%, unchanged at the July meeting. September 16 brings the decision plus the updated projections and dot plot. Real talk: the Fed does not set your mortgage rate — the bond market does. Waiting on a headline is not a strategy.
July's national median existing-home price came in around $434,100, roughly 2% above a year ago, with sales down 1.7% from June and inventory near a 4.6-month supply. The August report drops Thursday, September 10. Slow grind, not a crash — and more supply on the shelf means more room to negotiate.
August closed out with active inventory around 13,211 listings and roughly 18 weeks of supply — the most breathing room buyers have had in years. The median closed price held nearly flat near $595,000. That is a market where you get to look, think, and negotiate instead of sprinting at every listing with fifteen other offers.
Median days in the MLS climbed to 29 in August, up seven days from July. More days on market means more leverage, and a lot of Denver closings are landing with money toward closing costs or a rate buydown. That is real money most buyers never think to ask for. Structured right, a concession can cut your payment more than waiting six months hoping rates move.
Closings were down about 13% year over year in August, but new listings were up 4% — so there's more to choose from, and the right house at the right price still goes quickly. Being pre-approved and knowing which programs you qualify for ahead of time is what keeps you from watching the one you wanted go under contract without you.
CHFA is still offering a grant of up to the lesser of $25,000 or 3% of your first mortgage, or a deferred second up to the lesser of $25,000 or 4%, with no monthly payment on the second. Homebuyer education is required before closing, and income limits vary by county. And CHFA is only one option — I keep access to more than 30 down payment assistance programs, where most lenders carry two or three.
Ben's Take
Honest read for today: conventional is hovering near 6.75%, FHA and VA are meaningfully under that, Denver has about 18 weeks of inventory on the shelf, and sellers are helping with costs again. Nobody writes a check for an interest rate — they write a check for a payment. Let's map out your next step and look at what your actual payment would be. No pressure, just straight answers. — Ben Yost, 303-587-4297
Based in Colorado
Based in Centennial, serving Denver, Aurora, and the entire Denver Metro area — plus all of Colorado. Rated 4.9/5 across 80+ verified reviews on Google, Zillow, and Yelp.
Questions? Call or text Ben at 303-587-4297.
Ben Yost, Mortgage Broker • Edge Home Finance, LLC • NMLS #243370 • Company NMLS #891464. Rates and market figures on this page are illustrative, sourced from public reporting, and change frequently — they are not a rate quote, an offer, or a commitment to lend. All loans subject to credit approval, income and property qualification, and program guidelines. Equal Housing Opportunity.
Edge Home Finance, LLC is a private mortgage broker and is not affiliated with, endorsed by, or acting on behalf of or at the direction of the U.S. Department of Veterans Affairs (VA), the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD), or any other government agency.
