Congratulations to our buyer for the purchase of their three bedroom, 3 bath townhome in the Vista Dulce community in the Mesa village in Summerlin located in southwest Las Vegas. This townhome had multiple offers and sold for $385,000.
Congratulations to sellers for the sale of their five bedroom, three bath, home in the Coronado Ranch community located in southwest Las Vegas. This home sold for $595,000!
So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say.
Danielle Hale, Chief Economist, realtor.com:
“Our long-term view for mortgage rates in 2021 is higher. As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government, this pushes up expectations for economic growth . . . .”
“In 2021, I think rates will be similar or modestly higher . . . mortgage rates will continue to be historically favorable.”
“We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”
Below are the most recent mortgage rate forecasts from four top authorities – ...