KB Las Vegas New Home Buyers Lock Mortgage Interest Rate

KB Home Las Vegas New HomeKB Home Las Vegas new home buyers can lock in a mortgage interest rate while their new homes are being built through a special rate lock program from Countrywide KB Home Loans, according to Tim Ryan, vice president of the joint venture between KB Home Las Vegas and Countrywide Home Loans Inc.

The new home in Las Vegas mortgage interest rate lock program is available on all first mortgages. It allows new home buyers to lock a maximum rate up to 14 months before the closing of their Las Vegas new home. Additionally, if mortgage interest rates fall, buyers can lock the lower rate within 45 days before closing.

“It’s hard for home buyers to budget on today’s mortgage interest rates when they won’t take delivery of their homes for several months,” Ryan said. “The changing market leaves many new home buyers wondering what will happen if interest rates go up before they close on their homes.”

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