20 Year Interest Rate Chart

Take a look at where we’ve been and where we are now in terms of financing a mortgage.  Coupled with the lowest real estate prices we’ve seen in 15 years there isn’t a better time to buy.  FHA financing still offers the lowest down payment option at 3.5% down and in most cases buyers are asking sellers to take care of their closing costs.  Median sales price for Reno is $155,000 and $148,000 for Sparks.  At those price points, monthly payment runs right around $778.00 with taxes and insurance on top.