Reno Mortgage Rates Dip Again to Lows
The chart below shows the steady drop in mortgage interest rates since the beginning of 2016. This is important information for any potential home buyer in the Greater Reno-Tahoe area.
Home Mortgage Rate Update
There has been quite a bit of press and news coverage recently about mortgage interest rates heading higher over the next twelve months. You may have come across projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016.
As you probably know, the declines in the stock market this year have been at historic levels to start a new year. This turmoil in
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