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Nevada

Current Nevada Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Nevada. Review free, personalized mortgage rates for Nevada based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Nevada. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Nevada as of October 22, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Nevada Mortgage Rates Compare?

October 22, 2019

The current average rate for a 30 year fixed rate mortgage in Nevada is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Nevada Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Nevada?

The median home value for Nevada is $311,167

The median household income for Nevada is $57,351

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Nevada is $57,731

The home price you can afford to buy based on household income in Nevada is 99% of the median home value which means housing prices are very expensive. Nevada ranks 44 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Nevada is very expensive

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Additional Mortgage Resources for Nevada Residents

Mortgage Rates for Nevada Cities

Carson City Mortgage Rates

Douglas Mortgage Rates

Elko Mortgage Rates

Fernley Mortgage Rates

Las Vegas Mortgage Rates

Reno Mortgage Rates

Tonopah Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index