Mortgage rates had been trending higher for the last three weeks and finally this last week home buyers caught a break and rates began to fall again. The 30-year fixed-rate mortgage averaged 4.28%, according to Freddie Mac’s weekly survey. That’s down from 4.37% the previous week. This trend will benefit Summerlin homes for sale as this will lower a home buyers payment and will allow them to qualify for a more more expensive home.
For the moment, mortgage rates are holding near 2014 lows but as the effects of winter weather begins to wear off, and if a peaceful solution can be found in the Ukraine, mortgage rates are expected to begin increasing again. If you are a home buyer looking for homes for sale in Summerlin Las Vegas then now is the time to take advantage of lower interest rates. These lower interests will also help Summerlin Nevada real estate continue to sell at a brisk pace so this is great news for home sellers also.
If you are looking for homes for sale Summerlin Las Vegas then call The Heuser Team today at 702-551-3004.