03.20.23 Mortgage Rates Update

Average Interest Rates March

On Monday, Nerdwallet released the average mortgage rates in the country.

Due to the bank failures that occurred last week, we’ve seen a short decrease in rates for the 30-year mortgage. We’re closely monitoring what comes out of the Federal Reserve Bank meetings this week. Though most experts were expecting another hike in interest rates, the Fed has much to consider now that high-profile bank failures are on everyone’s radar.

Come back to the blog on Thursday for a meeting recap!

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 February Snapshot now! 

If you have any questions about strategizing whether to buy now or later, please feel free to contact our team of Real Estate Advisors. We can help you make the wisest decision for you!

Questions? Reach out to one of our advisors for a chat! 

Link to full Nerdwallet article: https://www.nerdwallet.com/article/mortgages/mortgage-interest-rates-forecast

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