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What Are the Mortgage Rates in Nevada?

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  • 4 min read

The average mortgage rate in Nevada is currently 8.2% for the 30-year fixed loan term.

Here are the interest rates offered to Nevada residents looking to buy or refinance a home as of 02/07/2023:

  • 30-year fixed purchase: 8.2%
  • 30-year fixed refi: 5.85%
  • 15-year fixed purchase: 8.58%

The 30-year fixed rate mortgage rate fell to 6.45% this week, down from 6.49% a week ago. Adjustable prices have remained roughly the same, while fixed prices have mostly decreased.

Mortgage interest rates are still double what they were in early 2022, which continues to have a measurable impact on mortgage affordability and consumer housing sentiment. However, mortgage rates are expected to decline throughout 2023.

Here are the current mortgage rates, without discount points unless otherwise noted, as of Feb. 2:

  • 30-year fixed: 6.45% (down from 6.49% a week ago).
  • 20-year fixed: 6.52% (down from 6.54% a week ago).
  • 15-year fixed: 5.68% (up from 5.65% a week ago).
  • 10-year fixed: 5.73% (down from 5.75% a week ago).
  • 5/1 ARM: 5.37% (equivalent to 5.37% a week ago).
  • 7/1 ARM: 5.44% (equivalent to 5.44% a week ago).
  • 10/1 ARM: 5.86% (equivalent to 5.86% a week ago).
  • 30-year jumbo loans: 6.49% (down from 6.53% a week ago).
  • 30-year FHA loans: 5.66% with 0.06 point (down from 5.79% a week ago).
  • VA purchase loans: 5.79% with 0.05 point (down from 5.92% a week ago).

What Are the Mortgage Rates in Nevada?

Nevada homebuyers can get help with down payments and closing costs as well as other benefits from these Nevada Housing Division programs.

Home Is Possible

  • Available to: Borrowers with a minimum 640 credit score who don’t own property at the time of closing.
  • Income limits: Vary by county (see income limits).
  • First-time homebuyers only?: No.
  • Loan options: 30-year mortgages.
  • Down payment and closing cost assistance: Get up to 5% of the home loan value to use for your down payment or closing.

Home Is Possible – A Program for Heroes


  • Available to: Veterans who have been honorably discharged, or are in the National Guard, or are on active military duty, or their surviving spouses, who have a minimum 640 credit score.
  • Income limits: Vary by county (see income limits).
  • First-time homebuyers only?: No.
  • Loan options: 30-year fixed-rate mortgages.
  • Benefit: Below market interest rate and reduced monthly mortgage payment.


US News selects the best loan companies by evaluating affordability, borrower eligibility criteria, and customer service. Those with the highest overall score are considered to be the best lenders.

To calculate each score, we use data about the lender and its loan offerings, giving more weight to the factors that are most important to borrowers. For mortgage lenders, we look at each company’s customer service ratings, interest rates, loan product availability, minimum down payment, minimum FICO score, and online features.

The weight given to each rating factor is based on a national survey of what borrowers are looking for in a lender.

To be rated, lenders must offer qualifying loans nationwide and be in good standing within the industry. Read more about our methodology.

To recap, here are the picks:

Best Nevada Mortgage Lenders of 2023