Mortgage Rates Hit 3-Year Low: What Summerlin and Vegas Luxury Buyers Need to Know
Mortgage rates just hit a three-year low at 6.16%, creating significant opportunities for Las Vegas luxury buyers. For those shopping Summerlin real estate, this rate drop translates to substantial savings—potentially $1,200+ monthly on high-end properties.
Whether you're considering a custom estate in The Summit Club or a golf course home in Red Rock Country Club, improved financing conditions make luxury properties more accessible. The Mortgage Bankers Association reports purchase applications up 20% year-over-year, signaling strong buyer demand. As your trusted Summerlin realtor, I'm here to help you capitalize on this favorable market timing.
The Zach WalkerLieb Show: Lending with Matt Maltese
For someone who’s either in the mortgage lending business or real estate, mortgage loans are simply a part of their day-to-day, but for a first time homebuyer or even someone who’s purchased or sold a house once or twice, mortgage loans can be complicated. Zach and I sat down and interviewed Matt Maltese, Producing Branch Manager at Supreme Lending, and he gave us the 411 on mortgage loans.
Real Estate 101: Vocabulary You Need to Know - Advanced
Now that we’ve covered basic and intermediate vocabulary, I think everyone is ready for the advanced stuff!
National home equity is falling, but Las Vegas bucks the trend. While U.S. household real estate values dropped $361 billion in Q3 2025 and equity-rich homes declined nationwide, Vegas homeowners maintain strong positions with just 0.5% distressed sales.
Our market's resilience stems from locked-in low mortgage rates (averaging 4%), economic diversification, zero state income tax, and sustainable price growth. Unlike Sun Belt markets experiencing sharp corrections, Las Vegas prices are down only 2% from peaks—a healthy normalization, not a crisis. Local homeowners should feel confident despite concerning national headlines.