Las Vegas Interest Rates Run Up

In the middle of all of the loan program issues the Las Vegas interest rates jumped up considerably.

The RJ reports:

"The benchmark 30-year, fixed-rate mortgage rose 10 basis points to 6.42
percent, a national survey of large lenders found. A basis point is
one-hundredth of 1 percentage point.

The 30-year rate hasn't been this high since the last week of January, when
it was 6.42 percent."

There are few predictions whether or not rates will continue to rise or drop. Enough factors have been shaken up recently to have a good gauge. We'll continue to watch the rate trends to see where they go.