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Archives for November 2024

How To Get Your House Ready To Sell in 2025

a screenshot of a home improvement graph

Some Highlights

  • If you’re planning to list your house in 2025, it’s already time to start working on any repairs. But where do you start?
  • Your local agent will be able to help you prioritize projects that will help you get the best return on your investment and appeal to what today’s buyers really want.
  • If your goal is to sell your house next year, connect with an agent so you know what to start working on now.  

Las Vegas Ecomomic Indicators with Mixed Mortgage Rates

Understanding Today’s Mortgage Rate Volatility

Your Guide to Navigating the Current Market

Why Are Mortgage Rates Fluctuating?

The current mortgage rate environment is experiencing notable volatility due to several key economic factors. Understanding these dynamics is crucial for making informed decisions about your home financing.

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Economic Indicators

Current economic conditions and Federal Reserve policies are creating market uncertainty, leading to rate fluctuations.

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Inflation Impact

Inflation rates continue to influence market movements and monetary policy decisions, affecting mortgage rates directly.

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Election Influence

Market reactions to political developments and potential policy changes are contributing to rate volatility.

What This Means For You

  • Rate changes can significantly impact your monthly payments
  • Market timing becomes more challenging in volatile conditions
  • Professional guidance is crucial for optimal decision-making
  • Opportunities may arise during market fluctuations

Navigate With Confidence

Don’t let market volatility overwhelm you. Our team of mortgage professionals is here to guide you through these changing times with expert insights and personalized advice.

Schedule a Consultation

Get Expert Guidance

© 2024 Market Update Resource Center. All rights reserved.

#mortgagerates #expertanswers #keepingcurrentmatters

Current Mortgage Rates in Las Vegas
As of Friday, February 21, 2025, the average 30-year fixed mortgage rate in Las Vegas, Nevada is 7.00%, while the 15-year fixed rate is 6.25%1. These rates are slightly higher than the national average, with the 30-year fixed rate at 6.94% nationwide1.
Key Factors Influencing the Market
Recent rate trends: Mortgage rates have been fluctuating, with a slight increase observed in the past week. The 30-year fixed rate rose from 7.06% to 7.12%, while the 15-year fixed rate increased from 6.25% to 6.43%2.
Economic indicators: The Federal Reserve’s policies, inflation levels, and employment data continue to play crucial roles in shaping mortgage rates.
Local real estate market: Las Vegas home prices have shown an upward trend, with the median home sales price reaching $470,000 as of October 2024, a 3% increase from the previous year1.
Homebuyers and homeowners in Las Vegas should closely monitor these factors and consider consulting with financial advisors to make informed decisions in this dynamic mortgage market.

Dr. Jan Duffy

REALTOR

🏠 EXCITING NEWS FOR LAS VEGAS HOMEBUYERS! 💫

Did you know? Down payment assistance programs are multiplying across the country – and they’re offering serious help! We’re talking about an average of $17,000 in assistance. That’s not pocket change!

🎯 Don’t miss out on money that could be yours. These programs could be the key to unlocking your dream of Las Vegas homeownership.

Ready to explore your options? My team and I stay up-to-date on all available Las Vegas programs and can help you understand exactly what you might qualify for. Let’s make your homeownership dreams a reality! 🔑

Message me to learn more! ✨

#downpaymentassistance #homeownership #realestate #downpaymentresource #keepingcurrentmatters #firsttimehomebuyer #homebuying

Discover Down Payment Assistance Programs Available in Las Vegas

Discover a variety of down payment assistance programs in Las Vegas to help make homeownership more affordable. Learn how you can benefit today.

With rising home prices and volatile mortgage rates, it’s important you know about every resource that could help make buying a home possible. And one thing you’ll want to be aware of is just how much the number of down payment assistance (DPA) programs has grown lately.

Take a look at the graph below to see how many new programs have been added in the last year, according to data from Down Payment Resource:

More Programs, More Opportunities for You

So, what does this increase mean for you? With more programs available, there’s a higher likelihood that one of them could help you reach your homeownership goals.

And these programs aren’t small-scale help either – the benefits can go a long way toward covering a chunk of your costs. As Rob Chrane, Founder and CEO of Down Payment Resource, shares:

“We are pleased to see a growing number of these programs, and think they are becoming a targeted way to help first-time and first-generation homebuyers struggling to save for a down payment get into a home they can afford. Our data shows the average DPA benefit is roughly $17,000. That can be a nice jump-start for saving for a down payment and other costs of homeownership.”

Imagine being able to qualify for $17,000 toward your down payment—that’s a big boost, especially if you’re looking to buy your first home. With that level of help, buying a home may be more within reach than you think.

But it’s worth calling out that the growth in DPA options isn’t just focused on first-time and first-generation buyers. Many of the new programs are also aimed at supporting affordable housing initiatives, which include manufactured and multi-family homes. This means that more people, and a wider variety of home types, can qualify for down payment assistance, making it easier for you to find an option that fits your needs.

Talk to a Real Estate Expert About What’s Available for You

With so many DPA programs out there, you need to make sure you’re finding the right one for you. That’s why it’s key to lean on your real estate and lending professionals for guidance. The Mortgage Reports says:

“The best way to find down payment assistance programs for which you qualify is to speak with your loan officer or broker. They should know about local grants and loan programs that can help you out.”

Your loan officer or real estate agent will know what’s available in your area and can point you toward programs that align with your goals.

Bottom Line

With more down payment assistance programs than ever before, now’s a great time to explore how these options can help on your homebuying journey. Let’s work together to make sure you’ve got a team of expert advisors in place to see which DPA programs could be a fit for you.

Don’t Miss Out on the Growing Number of Las Vegas Down Payment Assistance Programs

With rising home prices and volatile mortgage rates, it’s important you know about every resource that could help make buying a home possible. And one thing you’ll want to be aware of is just how much the number of down payment assistance (DPA) programs has grown lately.

Take a look at the graph below to see how many new programs have been added in the last year, according to data from Down Payment Resource:

More Las Vegas Programs, More Opportunities for You

So, what does this increase mean for you? With more programs available, there’s a higher likelihood that one of them could help you reach your homeownership goals.

And these programs aren’t small-scale help either – the benefits can go a long way toward covering a chunk of your costs. As Rob Chrane, Founder and CEO of Down Payment Resource, shares:

“We are pleased to see a growing number of these programs, and think they are becoming a targeted way to help first-time and first-generation homebuyers struggling to save for a down payment get into a home they can afford. Our data shows the average DPA benefit is roughly $17,000. That can be a nice jump-start for saving for a down payment and other costs of homeownership.”

Imagine being able to qualify for $17,000 toward your down payment—that’s a big boost, especially if you’re looking to buy your first home. With that level of help, buying a home may be more within reach than you think.

But it’s worth calling out that the growth in DPA options isn’t just focused on first-time and first-generation buyers. Many of the new programs are also aimed at supporting affordable housing initiatives, which include manufactured and multi-family homes. This means that more people, and a wider variety of home types, can qualify for down payment assistance, making it easier for you to find an option that fits your needs.

Talk to a Las Vegas Real Estate Expert About What’s Available for You

With so many DPA programs out there, you need to make sure you’re finding the right one for you. That’s why it’s key to lean on your real estate and lending professionals for guidance. The Mortgage Reports and Dr. Jan Duffy REALTOR says:

“The best way to find down payment assistance programs for which you qualify is to speak with your loan officer or broker. They should know about local grants and loan programs that can help you out.”

Your loan officer or real estate agent will know what’s available in your area and can point you toward programs that align with your goals.

Find A Home in Las Vegas Bottom Line

With more Las Vegas down payment assistance programs than ever before, now’s a great time to explore how these options can help on your homebuying journey. Connect with a team of expert advisors to see which DPA programs could be a fit for you.