On Tuesday, Nerdwallet released the average mortgage rates in the country.
| Date | 30-Year | 15-Year | 5-Year ARM |
|---|---|---|---|
| 1/2 | 6.351% | 6.271% | 7.633% |
| 1/8 | 6.726% | 5.830% | 7.871% |
| 1/16 | 6.446% | 5.620% | 7.737% |
All three rates we track are down from last week! If your interest rate is significantly higher than today’s rates, reach out to your lender to talk refi!
When deciding between mortgages, be transparent with your lender about your comfort level when it comes to your options.
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 December 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!