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Las Vegas Real Estate was give a nice boost this week, as Mortgage Rates on 30-year mortgages dropped sharply this month - dropping to the lowest level in approximately 7-8 months.
Las Vegas real estate sales are being driven by a continuation of an accelerating decline in mortgage rates, following the government’s dramatic takeover of mortgage giants Fannie Mae and Freddie Mac.
Economists Comment on Las Vegas Real Estate & National Market
We believe positive news is good for…
Turbulence in our financial markets has been impacting our Las Vegas Real Estate Markets much of this week, as it has much of the rest of the country.
President Bush and Treasury Secretary Henry Paulson announced today a series of far-reaching steps – likely to cost hundreds of billions of dollars for US taxpayers – aimed at stemming a widening financial crisis that is roiling the financial markets and undermining confidence in…
Today’s post is the follow on post that we made yesterday about recent financial news impacting the Las Vegas Real Estate Market.
Mortgage Rates
Will lower mortgage rates last? And, for how long? This will be crucial if last week’s increase in mortgage activity is to be sustained. Another possibility is that increased activity in the bond markets will help to drive and/or keep rates at a lower level – which stimulates…