Home mortgage Interest rates have dropped .09% this week to about 4.25% on a 30 year fixed loan according to Freddie Mac’s latest report. Mortgage rates were about 4.53% at the beginning of 2014 for Summerlin and Las Vegas area home buyers that had good credit history. As mortgage interest rates continue to creep down this will continue the great real estate news for both buyers and sellers in Las Vegas, NV. Lower interest rates translate into lower payments for home buyers which in turns makes buyers qualify for higher priced homes when rates are lower.
Wall street analysts are saying that as the stock market becomes more volatile and even over inflated that more investors look to move their money into treasury bonds and mortgage backed securities.