Las Vegas Mortgage rates are dropping – they’ve dropped this week and are lower than at any point in time for the past 50 plus years. Driving affordability in the Las Vegas Real Estate Market not seen for ten years or more, depending on your price points and neighborhood.
It’s difficult to predict where our Las Vegas Mortgage rates will go. If you are sitting on the sidelines waiting for further reductions, you may be waiting for naught. As this week the head of Freddie Mac announced this week that he believes rates are at the bottom and any further drops will be minimal.
Here is what we think you can expect moving forward on Las Vegas Mortgage Rates Dropping:
**4.375% for a 30 year Fixed Conventional Loan with One Point, No Origination
**4.750% for a 30 Year FHA/VA Loan, with One Point, Nor Origination
**5.125% on a 5 Year Jumbo ARM, with One Point, No Origination
These rates are for purchases only. We are definitely chewing up home inventory and sense that the market here in Las Vegas is shifting to much less inventory as affordability continues to drive sales!
