On Monday, Nerdwallet released the average mortgage rates in the country.
All three common mortgage options decreased week to week! Simply put, with the debt ceiling crisis coming to a close and the Fiscal Responsibility Act of 2023 being signed into law on June 3rd, mortgage rates were able to cool off some. If you recently got pre-approved, make sure to reach out to your lender so you can get an updated mortgage rate!
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