Las Vegas Real Estate Mortgage Rates dropped to a 52-year low this week, according to a report released Thursday, in the wake of the government’s announcement that it will buy more than $1 trillion in debt.
The average 30-year fixed mortgage rate fell to 5.19% this week, down from 5.29% in the week prior, according to Bankrate.com’s weekly national survey. The previous low Las Vegas Real Estate Mortgage Rate was 5.28%, hit this January and in June 2003; the last time rates dipped lower than 5.19% was in 1956, according to Bankrate.com.
We think these low Las Vegas Mortgage Rates are a great stimulus in the marketplace. But, we are telling investors and consumers purchasing homes to think about “big picture” – in the past low mortgage rates have help to drive inflation, so time to buy is prior to this occurring!
