Nevada mortgage and refinance rates for May 2026

Current mortgage rates in Nevada

As of Friday, May 29, 2026, current interest rates in Nevada are 6.64% for a 30-year fixed mortgage and 6.13% for a 15-year fixed mortgage.

During 2025, mortgage rates spiked above 7% but have since dwindled. Bankrate's financial analyst Stephen Kates joins Fannie Mae and the Mortgage Bankers' Association in predicting that 30-year mortgage rates will move below 6% in 2026 — though that may be closer to the end of the year. 

Refinance rates in Nevada

Nevada refinance rates — and refinance rates nationally — are much higher than the historic lows seen during the pandemic. However, those who obtained a mortgage when rates peaked near 8% in 2023 might save some money by refinancing now. 

Keep an eye on the market throughout the year, and if you are able to qualify for a rate lower than your current mortgage, this may be the right time to refinance. As of Friday, May 29, 2026, current refinance interest rates in Nevada are 6.72%for a 30-year fixed mortgage and 6.41% for a 15-year fixed mortgage.

Nevada mortgage rates by loan type

As you compare your options for the right mortgage to finance your home purchase, Bankrate’s data can help you see how any lender offers you receive stack up against national averages.

Mortgage options in Nevada

If you'll need to finance your home purchase in Nevada, here are some common mortgage types to consider:

First-time homebuyer programs in Nevada 

The Nevada Housing Division (NHD) administers several programs to help low- and moderate-income buyers purchase homes. For first-time buyers, the main program is Home Is Possible for First-Time Homebuyers, which provides a 30-year fixed-rate loan of up to 4% of the mortgage to use for a down payment or closing costs. You'll need a minimum 640 credit score to qualify and must take a homebuyer education course. You must also have a DTI ratio of no more than 50%.

NHD also offers the income-restricted Home First program, which provides up to $15,000 in down payment assistance as a 30-year fixed-rate loan. However, unlike the Home is Possible program, this loan is forgivable after three years if you remain in the home. The home's purchase price is capped at $570,000, and homebuyers must have a minimum credit score of 640 and a minimum of 6 months' residency in Nevada. They must also take a homebuyer education course.

How to find the best mortgage rate in Nevada

When shopping for a mortgage, be sure to compare several different lenders — research shows this exercise can save you thousands of dollars over the life of a loan. It’s also helpful to read lender reviews for your state.

Additional Nevada mortgage resources