Las Vegas Interest Rate Report - Jan 2007

The federal reserve decided to leave interest rates put for this first period in January.

How does this affect buyers in Las Vegas? Well, rates are as high as they have been since the beginning of 2001. It doesn't appear that they will be going down in the near future. There really isn't a decision to be made based on the federal rates. It's good the rates have stopped climbing, even if only temporarily. Mortgage rates have steadily been rising as well and that is where any concern could be.

We will keep our eyes peeled into the near future.