Comments on: Nevada Mortgage Rates

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By: Bari@Mortgage Estimator

Bari@Mortgage Estimator — Sat, 07 Nov 2009 08:34:44 +0000

Current mortgage trends around the United States and in Nevada have seen a 1.8% rise in applications. This could be due to the decline in fixed rate mortgage rates. Low percentage Nevada fixed rate mortgages can be more beneficial than adjustable rate mortgages because the rate is very low and can not be raised.

Compared with a year ago, mortgage application volumes are down 26.1%, but applications for purchase mortgages in Nevada have risen 3.7%. This coincides with other data that shows the housing market could be cooling down significantly.