Reno/Sparks Market Update

30-Year Mortgage Rates as of 4/16/2026: 6.30% to 6.41%

March 2026 Recap:

Let’s cut to the Chase!

30-Year Mortgage Interest Rates continue at about 6.36% and that’s gonna put a damper on the Housing Market. At least for buyers. Needless to say, we’re still in a seller’s market:

So where is the market going? That’s a huge: “We Do Not Know.” It seems that a new crisis is around every corner. Invading another country? War? Fuel prices are going crazy, Fed Chairman is gonna retire (can’t blame him), Travel is all messed up with long lines, etc, etc, etc.

Here’s what we do know: Reno/Sparks housing market is strong with our growing economy. Google and Switch Data Centers are expanding with 15 year construction projects. They employ thousands of construction and high tech workers, from other cities and states. While most aren’t buyers, they do need housing and that pressures rental prices up driving renters to buying. Humm, is there an investor opportunity? Connect with me to discuss further!

BTW – the $1 Billion Lyten Lithium-Sulfur Gigafactory that was scheduled to start construction in 2025/2026 has fallen through. They were unable to secure a lease agreement for the facility so Lyten will be looking at other locations.

It’s all good as I just heard that construction has started on 2 Small Data Centers in the North Virginia area close to the Amazon Distribution Center.

Disclaimer – This website contains forward looking statements that are predictions based on data that can and will change as we go forward in time. Today’s economy is filled with changes that happen daily and sometimes hourly. These changes will affect Buyer’s and Seller’s as well as Mortgage Interest Rates and Home Values. You should be cautious in any major purchase and carefully draw your own conclusions on where the market is, where it will go and when.

Conclusions:
If you’re a Buyer – Now is the time to get pre-approved for a mortgage loan. As we shared on our video interview, you need to have Cash, Credit and Income (CC&I). Click here to watch that video. Another great resource, our latest video: How to Improve your Credit Score.

If you’re thinking of Selling – It’s a good idea to have a Realtor complete a Comparative Market Analysis (CMA). Keep in mind there are Automated CMA’s and Manual CMA’s. The difference being a Manual CMA will be more detailed in comparing upgrades. I’d be happy to provide you with either at your request. Click Here to see the Automated CMA for your home and I’ll contact you to discuss further.