Las Vegas, NV Mortgage Industry: Can you say Buyers Market

I have said it before and I will say it again, if you are looking to buy a home right now, you are are in great position!  With the combination of prices declining, inventory sitting on the market and rates still attractively low buyers are making out!  There are still a lot of terrific mortgage loan programs out there for every type of borrower including low income and first time home buyers!  As highlighted in the story below homeowners that are interested in moving up can benefit right now also! 

  • Some Home Buyers Gain Edge From Credit Crisis
    USA Today (08/27/07) P. 1B ; Dugas, Christine; Block, Sandra
  • The credit crunch has turned into a buyer's market for consumers who have solid credit and the funds to contribute to a down payment. The average 30-year fixed mortgage rate fell to 6.52 percent last week, its lowest level in three months, as a result of declining yields for Treasury securities and the downturn in the housing market; and rates on adjustable mortgages are also down. Moreover, the National Association of Realtors reports that the median home price slipped 1.5 percent during the second quarter; and jumbo loans are still available thanks to community and national banks--two more conditions that improve the landscape for home buyers. "If you want to move up to a bigger house or buy a home for the first time, and you have the credit and qualifications to do so, it's an excellent time to buy," says Gerri Detweiler of FreeRateSearch.com.
    (    Web Link)

Should you need Las Vegas, Nevada mortgage advice, please feel free to contact me directly so that we may get your questions answered.

Your mortgage partner for life,  

Rey "Steak Dinner" Gallegos
Senior Loan Officer
Five Star Mortgage
Website: http://www.steak-dinner.com/
Your complete community mortgage broker
Approved in NV, CA, UT, NM, AK, and FL
Proud member National Association of Mortgage Brokers
 

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Loan Officer: Rey Gallegos Home Loan Consultant Las Vegas, NV (A Mortgage Bank)
Rey Gallegos Home Loan Consultant Las Vegas, NV
Las Vegas, NV
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FAST LAS VEGAS MORTGAGE QUOTE! Your complete Henderson & Las Vegas, Nevada Mortgage & Home Loan Blog. Written by an experienced, reliable Nevada Mortgage Loan Officer. Blog topics include; Buying a home, Refinancing your current mortgage, Online Mortgage Application, Mortgage Quote, Home Loans, Henderson, Las Vegas, and Nevada News.


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