On Monday, Nerdwallet released the average mortgage rates in the country.
| Date | 30-Year | 15-Year | 5-Year ARM |
|---|---|---|---|
| 1/9 | 6.29% | 5.61% | 6.57% |
| 1/17 | 6.13% | 5.28% | 6.61% |
| 1/23 | 6.22% | 5.26% | 6.64% |
| 1/30 | 6.24% | 5.30% | 6.63% |
| 2/6 | 6.24% | 5.46% | 6.62% |
| 2/13 | 6.72% | 5.77% | 6.79% |
| 2/21 | 6.79% | 5.84% | 6.82% |
| 2/27 | 6.93% | 6.11% | 6.91% |
| 3/6 | 7.09% | 6.06% | 7.05% |
| 3/13 | 7.88% | 5.29% | 6.99% |
| 3/20 | 6.49% | 5.84% | 6.83% |
| 3/27 | 6.85% | 5.89% | 6.78% |
| 4/3 | 6.91% | 6.10% | 6.90% |
| 4/10 | 6.66% | 5.81% | 6.96% |
| 4/17 | 6.71% | 5.97% | 7.16% |
| 4/24 | 6.57% | 5.70% | 7.21% |
| 5/1 | 6.60% | 5.70% | 7.12% |
| 5/8 | 6.72% | 5.59% | 7.13% |
| 5/15 | 6.50% | 5.64% | 7.15% |
| 5/22 | 6.81% | 5.97% | 7.47% |
| 5/30 | 7.28% | 6.34% | 7.50% |
| 6/5 | 6.67% | 5.90% | 7.39% |
| 6/12 | 6.85% | 5.98% | 7.50% |
| 6/20 | 6.83% | 6.16% | 7.51% |
| 6/26 | 6.64% | 5.91% | 7.50% |
| 7/5 | 6.81% | 6.13% | 7.63% |
| 7/10 | 6.81% | 6.13% | 7.62% |
| 7/17 | 6.737% | 5.898% | 7.568% |
| 7/24 | 6.846% | 5.965% | 7.575% |
| 7/31 | 6.883% | 6.131% | 7.547% |
| 8/7 | 6.882% | 6.292% | 7.639% |
| 8/14 | 7.169% | 6.266% | 7.899% |
| 8/21 | 7.387% | 7.376% | 7.984% |
| 8/28 | 7.251% | 6.542% | 8.166% |
| 9/6 | 7.298% | 6.486% | 8.044% |
| 9/11 | 7.334% | 6.442% | 8.079% |
| 9/25 | 7.441% | 6.650% | 8.152% |
| 10/2 | 7.500% | 6.719% | 8.172% |
| 10/10 | 7.687% | 6.721% | 8.123% |
| 10/16 | 7.588% | 6.704% | 8.015% |
| 10/23 | 7.946% | 6.997% | 8.189% |
| 10/30 | 7.850% | 7.024% | 8.163% |
| 11/6 | 7.355% | 6.663% | 8.007% |
| 11/13 | 7.545% | 6.809% | 8.086% |
Rates ticked up week-to-week. Concerns about America’s credit rating can drive rates up, especially with another stalemate in debt ceiling negotiations. We’ll keep a close eye to see what happens next!
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 October 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!
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