In Colorado, understanding mortgage rates is crucial for homebuyers. Shopping around with multiple lenders can help secure better deals, but it's important to do so within a short timeframe to protect your credit score. Affordable areas include Pueblo, with a median home value of $141,000, and Colorado Springs at $269,800. Aurora and Lakewood have median values of $290,000 and $364,800, respectively. Denver's median is $390,600, with reasonable property tax rates across these locations. Improving credit scores and managing debt-to-income ratios are key to obtaining favorable mortgage terms.