Anthonylv

For those waiting for prices to soften, this could be your time. Many experts forecast prices going up when interest rates are expected to drop this year. DM me if you'd like some additional information.

I used Virtual Staging on my Lake Las Vegas listing. I think it turned out pretty well!

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LuxuryAndMCMPropertiesLV.com - Anthony Alfonzo, Realtor - Las Vegas Nevada Real Estate LuxuryAndMCMPropertiesLV.com - Anthony Alfonzo, Realtor - Las Vegas Nevada Real Estate

Las Vegas, Nevada Homes for Sale View ALL homes currently for sale in Las Vegas, Nevada. Accurate and complete, listings updated every five minutes. Includes photos, tours, maps, addresses and dozens of facts about each Las Vegas home.

Henderson, Nevada Homes for Sale View ALL homes currently for sale in Henderson, Nevada. Accurate and complete, listings updated every five minutes. Includes photos, tours, maps, addresses and dozens of facts about each Henderson home.

Las Vegas ranked as ‘dream city’ for Americans to move to, study says Las Vegas is apparently a highly sought-after destination for people to move to, according to a new report.

Here is some information that could affect Mortgage Rates!
AnthonyLV S.0183524
Lower-than-Expected Inflation Numbers
The bond market reopens Tuesday after a long holiday weekend. Mortgage pricing improved last week after the consumer inflation numbers ticked lower for the sixth month in a row. This caused mortgage bonds to rally along with the rest of the bond market. It will be interesting to see if the optimism continues this week. The market will be digesting the wholesale inflation numbers on Wednesday. If those numbers go down as well, the bond market may rally and mortgage pricing may continue to improve.

One of my latest listings just went live today. Big thanks to my seller for working with me so closely to "stage the house properly". Teamwork makes the Dreamwork. Offered at 400,000

8121 Chiltern Avenue, Las Vegas, NV 89129 - ListReports House photos, infographics, and listing agent details for 8121 Chiltern Avenue, Las Vegas, NV 89129. This home is priced at $400000, with 3 beds, 2 baths, and 1307 sqft.

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Nothing like a Billy Zoom Silver Jet, especially the way he plays it!

XMas Shows in the works! Standby! ~X~

Below is a pretty solid loan option for 1099 Buyers or investors who may have difficulty qualifying for a traditional loan. You can qualify for this loan with just a 1099, or 12 months of bank statements! If you have any questions let me know. I'll put you in touch with the lender. The current rate is about 1pt higher than a similar conventional loan.

I wonder how my neighbors feel about this?

Las Vegas exploring possibility of open container law in Arts District The Arts District could soon be joining the ranks of the Las Vegas Strip and Fremont Street Experience with the ability to bring open alcohol out onto the stree

The Mortgage Bond Market Is Directly Related to Mortgage Rates!

What's going on and why does it matter?
Mortgage bonds are trading near the top of their recent trading range after rallying yesterday in response to the Fed's interest rate hike. The big news today is that the GDP numbers for Q2 2022 came out weaker than expected, indicating the economy officially dipped into recession. The silver lining is that inflation also came out lower than expectations. Be prepared for volatility in the financial markets as investors digest this news.

Four Ways the Fed Hike Impacts you!
The Federal Reserve increased short-term interest rates (known as the Federal Funds Rate) by 0.75% on July 27. This means the Fed Funds rate is currently 2.5%. The Prime Rate is based on the Fed Funds rate. The Prime Rate is set by large banks and is often used to determine the interest rates on lines of credit, credit cards, and business loans (see below). The formula for Prime is Fed Funds Rate + 3. This means the Prime rate is currently 5.5%. Here are four ways this could impact you:

1
MORTGAGE RATES
Mortgage rates on fixed-rate mortgages are NOT impacted by changes to the Federal Funds rate. Mortgage rates fluctuate based on the supply and demand for mortgage bonds in the bond market. The Fed has been the biggest buyer of mortgage bonds in recent years, which caused mortgage rates to go down to record levels. The Fed is currently in the process of exiting its bond-buying programs. That's why the average interest rates on fixed-rate mortgages went up by more than 2% so far this year according to Freddie Mac's weekly survey of mortgage rates. Expect mortgage rates to continue drifting higher as the Fed continues to exit its pandemic-era bond-buying programs.

As for adjustable-rate-mortgages (ARMs), those rates may be impacted by the Fed rate hikes, depending on which index is being used on your ARM. Even so, rates on ARMs are still very attractive compared to fixed-rate loans. Contact me for more information on this or to evaluate your current options.

2
HOME EQUITY LINES OF CREDIT (HELOCs)
Interest rates on home equity lines of credit (HELOCs) change whenever the Fed changes rates. That's because HELOCs are based on the Prime Rate, which went up to 5.5%. HELOCs are typically quoted at Prime + a certain percentage. For example, if your HELOC is Prime + 1, your HELOC interest rate would be 6.5%. HELOC interest rates are likely to continue moving higher as the Fed continues to hike interest rates.

3
CREDIT CARDS
Interest rates on credit cards change whenever the Fed changes rates. That's because credit cards are based on the Prime Rate, which went up to 5.5%. Credit Cards are typically quoted at Prime + a certain percentage. For example, if your credit card is Prime + 10, your credit card interest rate would be 15.5%. Credit card interest rates are likely to continue moving higher as the Fed continues to hike interest rates.

4
BUSINESS LOANS & LINES OF CREDIT
Interest rates on business loans and lines of credit generally change whenever the Fed changes rates. That's because business loans and lines of credit are often based on the Prime Rate, which went up to 5.5%. Business loans and lines of credit are typically quoted at Prime + a certain percentage. For example, if your business line of credit is Prime + 3, your interest rate would be 8.5%. Business loan interest rates are likely to continue moving higher as the Fed continues to hike interest rates.

NUMBER OF THE WEEK - 5.5%
That's the current Prime Rate, which went up due to the Fed rate hike.

Please reach out to me if you like to see how these numbers affect a property you own, or one you intend to purchase!

Construction to start 9/23 🎉

City launches initiative to make improvements to east Las Vegas area The city of Las Vegas on Wednesday announced a new initiative that aims to make improvements to the east Las Vegas area.

DowntownArts District is the place to be for Theater, Art, Vintage Shops and Locally Owned Food and Drink Establishments! 🖤