On Monday, Nerdwallet released the average mortgage rates in the country.
All rates increased week to week, but one thing to notice is the increase isn’t as shard as weeks past. This is possibly due to the March CPI numbers released last Wednesday.
Inflation slowed in March with a .01% increase versus the .4% rise in February. This is great news as we watch mortgage rates, but we won’t know if it is enough for the Federal Reserve to slow down its rate hikes. We’ll find out during their May meetings on the 2nd and 3rd.
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