On Monday, Nerdwallet released the average mortgage rates in the country.
The three common mortgage options increased week to week. With the debt ceiling negotiations still occurring ahead of the June 1st deadline, we expect rates to increase even more as the uncertainty of the debt limit being raised grows.
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 April 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