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06.12.23 Mortgage Rates Update

June Rates

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

Line Chart showing the weekly Average Interest Rates for 30-Year, 15-year, & 5-Year Mortgages for 2023
Table showing Average Interest Rates for 30-Year, 15-year, & 5-Year Mortgages for 2023
Table showing Average Interest Rates for 30-Year, 15-year, & 5-Year Mortgages for 2023

All three common mortgage options increased week to week, but the 30-year and 15-year mortgage options are still lower than two weeks ago!

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 May 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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