On Monday, Nerdwallet released the average mortgage rates in the country.
The 15 & 30-year Mortgage Rates decreased week to week, while the 5-year Adjustable Rate Mortgage went up slightly. Last week we saw that along with inflation tapering down since January, there’s also a drop in job openings. Both are signs the mortgage market is looking at when deciding which way mortgage rates should go.
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!
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Link to full Nerdwallet article: https://www.nerdwallet.com/article/mortgages/mortgage-interest-rates-forecast