Las Vegas Mortgage Rates
I have updated Las Vegas Mortgage rates and you can view them by clicking on the bar at the top of the page. Over the last week we have seen the stock markets move higher and this has impacted the 10 Year Treasury Note Yield. We are seeing 30 year fixed rate mortgage rates moving up by about .375%. I have mentioned that in a declining stock market there is a flight to quality, so when the markets are doing better then rates on mortgages tend to move higher.
Now on the bright side, while the 30 year fixed rate mortgage rate has been moving higher the shorter term adjustable rates (3-5- and 7 year) have remained the same or have gone somewhat lower. The reason for this is that the loosening by the Fed is perceived as inflationary and inflationary pressures are not felt as strongly on shorter maturities.
Mark V Clawson 702-351-7912
