The Rate Reality in Spring 2025
After a couple years of volatility, rates have found more stable ground lately. We're seeing conventional 30-year fixed rates hovering in the mid-6% range for well-qualified borrowers—not the historic lows of a few years back, but also not the peaks we saw in late 2023.
What does this mean for you? Well, it depends on your situation. If you've been waiting for rates to drop to some magical number, you might be waiting a while. The Fed's recent signals suggest they're comfortable with where things are, and that means we're likely looking at this range for at least the next few quarters.
How This Affects Your Mountain Property Search
In places like Telluride and Vail, inventory remains tight. So while rates aren't at rock bottom, neither is competition quite as fierce as it was during the pandemic buying frenzy. That's actually good news—you'll have a bit more negotiating room and won't feel as rushed to make snap decisions.
For properties over the conforming loan limit (which is $806,500 in most of Colorado for 2025), jumbo rates are tracking pretty close to conventional rates. That's unusual historically and creates some interesting opportunities if you're looking at higher-end properties.
A Few Practical Thoughts
First, your rate isn't set in stone. If rates do drop meaningfully later this year or next, you can always refinance. Don't let rate-timing paralysis keep you from a property you love and can afford.
Second, your credit score matters more than ever. The difference between a 740 and 780 score could mean half a percent on your rate, which adds up over time. If you're not quite there, it might be worth spending a few months working on it before you apply.
Finally, remember that the rate is just one piece of the puzzle. Property condition, location, and long-term appreciation potential matter just as much—especially in resort markets that have historically shown strong value retention.
Want to know what rate you'd qualify for right now? Get pre-approved and we'll give you real numbers, not just estimates.