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

The 30-year Mortgage Interest Rates decreased slightly while the 15-Year and 5-Year ARM increased. The great news is that the incremental change is lower than the weeks prior! These smaller rate changes mean that the market is appreciating the Federal Reserve’s decision to take a break from raising rates at it’s June meeting.

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