Mortgage Rates on the Rise?

702-720-6401

www.DaveRadcliffeVegas.com 

 What causes mortgage rates to increase?

Aaron Gordon, Branch Manager of Guild Mortgage Company, recently shared this great info-graphic on the reasons why mortgage rates increase. It includes 6 main factors that drive home loan rates. Take a look and give Aaron a call for more information or to discuss your home loan options. Aaron can be reached on his Cell Phone at 702-283-2333 or contact him by email at agordon@guildmortgage.net (NMLS #: 557050)

 

Top 6 factors that drive mortgage rates:

1. Economic Data
2. Inflationary Pressure 
3. Stock Market
4. Geo-Politics
5. The Federal Reserve
6. Global Events

 

Give us a call we can help you secure the lowest rates possible on a home loan when you partner with our preferred mortgage companies.

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The Radcliffe Group

Out of more than 10,000 real estate agents in the greater Las Vegas and Clark County area, Dave Radcliffe ranks among the Top 1% of Realtors® as number 101 during 2015. Dave has a team of top producing agents, and providers and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. And as a Top #4 Team/Group in 2015 over 200 agents.  David is part of the Agent Leadership Council for Keller Williams and was awarded in 2015 with the ALC Owners Award as the person making the biggest difference in the Market Center. Dave and The Radcliffe Group received The HSA Award and Top Leverage Award from Transaction Coordination. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home.

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

 

Written by Nickel Lowman

For Dave Radcliffe, The Radcliffe Group

Keller Williams Realty Southwest

702-702-6401

www.DaveRadcliffeVegas.com 

Interest Rates to Increase!- Breaking News!

BIG ANNOUNCEMENT TODAY!

The New York Times is reporting "The Federal Reserve (FED) decided to raise short-term interest rates for the first time since the financial crisis. Officials said the economy was strong enough to keep growing with a little less help from the central bank. The Fed is likely to raise rates slowly, but borrowing costs already have started to climb. The returns on some investments, like savings accounts, also are likely to increase."

With short term rates being at historic lows for the past 7 years, at near zero, rates will be raised a quarter of one point, to .25-.5%. This will impact home buyers as mortgage rates increase. With rates sill in the 4-5% range, Mortgage rates are still very low, especially when compared to interest rates of the early 1980's, when mortgage rates were at 17-18%.

Affordability decreases when interest rates go up, as home-buyers have less buying power for their money. But when you compare rates over time, we are still in a really great position and its a great time for home buyers to enter the market and or move up into more luxurious homes. For months the FED has been discussing rate increases and finally took action today. In Dave's recent crystal ball report, he predicts that at this time next year with the increase we will be at 4.6% interest rates. Because it's a great seller's market (here in Las Vegas) with less than a 3 month supply of available homes, and home values have been increasing, this will also affect home buyers and overall affordability. The FED also said subsequent increases will happen gradually.


Allow The Radcliffe Group to help you get into a new or resale home here in Las Vegas. They can help you secure the best interest rates available by connecting you to their preferred lenders.

The Radcliffe Group

Out of more than 10,000 real estate agents in the greater Las Vegas and Clark County area, Dave Radcliffe ranks among the Top 1% of Realtors® as number 101 during the second quarter of 2015. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home.

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

 

Written by Nickel Lowman

For Dave Radcliffe, The Radcliffe Group

Keller Williams Realty Southwest

702-379-3401

www.DaveRadcliffeVegas.com 

Rising Interest Rates- Breaking News

Rates won't be rising... At least for now!

The FED, otherwise known as the Federal Reserve, the United States' central banking system, decided yesterday, in the long awaited decision to hold off on raising interest rates. Well at least for right now.

With the FED being responsible to look at maximum employment, price stability and moderating long term interest rates to maintain the stability of our financial system, the decision was based on a number of indicators and included:

"measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments."

 For months we have been talking about it and were wondering what the crystal ball would show when the September deadline for decision rolled around. With an unstable global economy being a factor, we won't see rates rise immediately, however it is likely we will see an increase before year end, according to reports.

“Recent global economic and financial developments may restrain economic activity somewhat,” the Fed’s committee said in a statement.Although they didn’t raise rates now, the majority of Fed committee members believe there will be a rate hike in 2015, according to its economic projections.

With the FED committee meeting again in October and December, we may see changes in the future. As always, The Radcliffe Group will keep you up to date on the latest news affecting the local Real Estate economy in the greater Las Vegas, Summerlin, Centennial Hills, Skye Canyon and North Las Vegas areas.

With current interest rates at about 4% on a 30 year fixed mortgage and 3.35% on a 15 year mortgage, not is a great time to get into the real estate market as a first time home buyer or move up or down buyer. Borrowing money with rates this low, is like getting free money.

Out of more than 10,000 real estate agents in the greater Las Vegas and Clark County area,  Dave Radcliffe ranks among the Top 1% of Realtors as number 101 during the second quarter of 2015. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home. 

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

Written by Nickel Lowman 

Content Quoted From: FederalReserve.gov, Fox13now.com, BankRate.com

For Dave Radcliffe, The Radcliffe Group

Keller Williams Realty Southwest

702-379-3401

www.DaveRadcliffeVegas.com