Las Vegas’ mortgage lending rate among fastest-rising nationally
Mortgage lending rose in Las Vegas at one of the fastest rates nationally in recent months, a new report shows.
Lenders issued 12,220 home-purchase loans in the Las Vegas area in the second quarter, according to projections from housing tracker Attom Data Solutions. The tally was up 19 percent from the same period last year.
Las Vegas’ pace was eighth-fastest among 100-plus metro areas listed in the report.
Nationally, lenders doled out a projected 936,604 purchase loans in the second quarter, up 2 percent from a year earlier, Attom reported.
At the same time, however, refinancing loans plunged, falling at a faster pace in Southern Nevada than they did nationally.
Lenders issued a projected 5,715 refis in the Las Vegas area in the second quarter, down 37 percent from the same period last year.
Across the U.S., lenders wrote a projected 764,560 refis, down 27 percent, Attom reported.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.