The 'Word on the Street' is that Interest Rates are going to go up.
How High and How Fast, we don't know.
Below you can see a breakdown by monthly payment of how
Rising Interest Rates can affect your monthly Mortgage Payment.
In Clark County on a Median Home Price,
if Interest Rates goes up .75%, the Monthly Payment goes up $86.
If Rates go up 1.5%, the payment goes up $189.
This can have a huge affect on the Price of Home you can qualify for.
Buyers sitting on the fence should get off their fences...