Las Vegas Real Estate - Time to Buy!
TODAY’S THIRTY YEAR FIXED RATE MORTGAGE (Conforming Loan)
5.5% NOTE RATE 5.655% APR (Purchase Loans)
TODAY’S FIFTEEN YEAR FIXED RATE MORTGAGE (Conforming Loan)
4.875% NOTE RATE 5.03% APR (Purchase Loans)
TODAY’S THIRTY YEAR FIXED RATE JUMBO MORTGAGE
(Loans greater than $417,000)
6.5% NOTE RATE 6.655% APR (Purchase Loans)
The rate on the 30 Year Fixed Rate Mortgagee is based on minimum 680 credit score
and a 620 credit score for a 15 Year Fixed Rate Mortgage
20% Down is required for the above rates
Other restrictions may apply.
A conforming loan is when the loan is $417,00 or less. Rates and fees are subject to change without notice.
First United Mortgage is an Equal Housing Lender
Mark V Clawson, Loan Officer
First United Mortgage
702-921-1800
8678 W. Spring Mountain Road, Suite 130
Las Vegas, NV 89117
Ph: 702-351-7912 email markvclawson@gmail.com
Mortgage rates are coming down fast and this is a time to consider purchasing a new home in Las Vegas. Many of you purchased homes 5-10 years ago and still have great equity gains even with the market’s deterioration. This may be a great time to move up to a bigger home.
You can still buy with less than 20% down but the rates will be higher. It just makes sense to get pre approved and find out what you can afford.
Fannie Mae has great zero down programs for first time home buyers. The rates can be very attractive but you need to have the ability to document your income and have some reserve funds. Additionally, you need to know whether the property is Fannie Mae eligible for this type of program. I can help you determine whether this is the case or not.
The 10 Year Treasury Note Yield is the lowest that we have seen in since March of 2004. There is a high correlation between the 10 Year Treasury Note yield and mortgage rates, meaning that this is the time to act.
Not only are prices lower but rates are lower and that works in your favor.
