On Tuesday, Nerdwallet released the average mortgage rates in the country. When comparing to the week prior, rates fell decently. It seems like the inflation report released last week is the cause of the fall. Interest rates are likely to slow down along with the slowing of inflation. The Federal Reserve Bank will meet on Jan 31st and Feb 1st. So we’ll be watching closely to see what happens.
What do we see in the New Orleans Market? Check out our Monthly New Orleans Market Review, which comes out the second Thursday of the month! Read the December Snapshot now!
If you have any questions about strategizing whether to buy now or later, please feel free to reach out to our team of Real Estate Advisors. We can help you make the wisest decision for you!
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Link to full Nerdwallet article: https://www.nerdwallet.com/article/mortgages/mortgage-interest-rates-forecast