Las Vegas Homes: The Price of Money

Good news for anyone that is thinking seriously about the purchase of Las Vegas real estate and the cost of a Las Vegas mortgage loan. Average rates remain below 6% in Nevada for 30 year fixed mortgages. Jan. 27, 2006 (Bankrate.com) — Average rates on 30-year fixed mortgages in Nevada fell 1 basis point to 5.78 on Friday, according to Bankrate.com’s daily Your Best Interest report. A basis point is one-hundredth of a percent. The mortgages in the survey had an average of 0.69 discount and origination points. Six months ago, the average rate in Nevada was 5.42 percent.The Sterling Team at Red Rock Canyon Realty is your trusted source for advice and guidance concerning the market for Las Vegas homes. Please call us at 888-349-2595.www.mslasvegasrealestate.com

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