Mortgage rates are at 4.1% currently, which are the lowest level so far this year. This is a great time to purchase a home or condo in Las Vegas as these low interest rates will help you qualify for more home with a lower payment. The government has continued to buy large amounts of mortgage backed securities which has driven interest rates down but they have already alerted the markets that their buying will decrease or stop starting in October 2014. Once the Fed slows down their buying of these securities rates will naturally begin to increase due to less demand.
Low interest rates coupled with a strong jobs recovering continues to bode well for the housing market Nevada and across the nation. If you are looking to purchase a home or condo in Las Vegas, Summerlin, Henderson, or North Las Vegas then call The Heuser Team today.