Las Vegas Real Estate Blog

According to figures released by Bankrate.com, mortage interest rates rose again. The 30-year fixed-rate average was up to 6.3 percent, and the 15-year fixed-rate increased to 6 percent. The 1-year adjustable was up to 5.35 percent. Freddie Mac is report a nationwide average of 6.71 percent.

Industry experts are predicting that sales of new and existing homes will decline by more than 10 percent this year as higher mortgage rates make home ownership more costly. Additionally, many in the financial markets believe that when the Fed meets next week it will increase interest rates for the 17th consecutive time.

For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.

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This entry was posted on Thursday, June 22nd, 2006 at 3:27 pm and is filed under Las Vegas Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.