Be careful with what you wish…
The industry forecasters believe that mortgage rates have reached a peak or are close to it. We should be seeing low fives before the end the year. The higher rates have forced those who waited to see if the housing market would adjust down to pay more.
The Las Vegas Valley has seen a dramatic change in the home buying process over the past 12 months.
Mortgage rates have decreased in the past two weeks after five weeks of increasing rates.
Rates are going to come down, but when?
The only alternative to real estate is to rent, which would mean paying 100% interest for a house you’ll never own.
Residential Bancorp’s Branch Operations Manager is Daniel Herrera. He can be reached at 714.878.3112 or [email protected].
The article Constant Shifts in Las Vegas Real Estate first appeared on Vegas Legal Magazine.