Interest rates are the highest they’ve been since before the Great Recession. Here’s a deeper look at why. So mortgage rates are the highest they’ve been in a very long time right now, and the US economy appears as if it might be turning towards the negative. We may be potentially heading towards a recession. Whether or not that’ll directly impact mortgage rates right away remains to be seen. However, right now they remain elevated and the average Las Vegas resident cannot afford one.
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