Mortgage Rates Jump Up to 4.5%

Mortgage Rates are on the Rise.

 Over the past 10 years, the highest rates have been is about 6.5%

All Time Lows have been around 3.5%.

But in the last month they have shot up from 4% to 4.5%

 So what does that mean?

An average Home in Clark County is around $250,000

If Rates go from 4% to 5%, the Payment and Interest (P&I)

jump up $150 a month or $1,800 a year

Which is an additional $54,000 for the life of the loan.

This is causing a lot of people to Buy Now before the rates get too high.

At some point it causes others to avoid buying a home at all.

You can click on Images below to go to these Interactive Web pages.