current home refinance rates colorado: what borrowers should know today

What drives today’s quotes

Refinance pricing moves with Treasury yields, inflation data, and lender capacity, but your personal factors matter most. In Colorado, borrowers with high FICO scores, lower loan-to-value, and steady income usually see better offers. Expect different pricing for cash-out versus rate-and-term refis, and for loan types like conventional, FHA, or VA. Rural properties or condos can price differently, and paying discount points may buy down your rate when you plan to hold the loan longer.

How to compare offers

Collect written Loan Estimates on the same day to compare apples to apples. Focus on the APR, total closing costs, and the rate-lock length, not just the headline rate. Use a break-even calculation: costs divided by monthly savings.

• Avoid anchoring on rate alone; check fees and points.
• Don’t skip the break-even math or prepayment plans.
• Confirm a lock; a short lock can expire before closing.
• Watch for cash-out pricing hits and mortgage insurance.
• Verify taxes and insurance; escrow changes can offset savings.

For the most accurate snapshot of Colorado refi rates, request quotes from at least three local lenders or credit unions, ask about no-cost options, and lock only when your documents and timeline are firm.