Nevada Mortgage Rates;
The Nevada housing market is mirroring the national slowdown. The high prices and double digit growth of the past few years was not sustainable and a new realism is now present. Sellers don’t have a line of buyers offering over the asking price for their homes, instead they need to be more realistic about their prices.
Buyers now have a much larger choice of homes to look at.
If you look past the sensationalist headlines, Nevada is still a very healthy market. Low unemployment and low interest rates still make property investment an attractive option. This is a great time to enter the housing market people who were previously priced out can now consider buying a home. It is now a more balanced market.
Below are examples of rates being offered.
For loans up to $417,000
30 Yr Fixed : rates from 5.25% to 6.125%
15 Yr Fixed : rates from 5.125% to 5.875%
1 Yr ARM : rates from 5.125% to 5.5%
3/1 ARM : rates from 5% to 5.875%
5/1 ARM : rates from 5.125% to 6
For loans above $417,000
30 Yr Fixed Jumbo : rates from 5.625% to 6.375%
15 Yr Fixed Jumbo : rates from 5.125% to 6.125%
1 YR ARM Jumbo : rates from 5.125% to 5.5%
3/1 ARM Jumbo : rates from 5.25% to 6.125%
5/1 ARM Jumbo : rates from 5.375% to 6.25%
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Major Nevada
Cities;
Carson City
Las Vegas
Reno
Sparks
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