Category: News
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Federal Reserve Meeting Recap
Yesterday, September 22, 2022, The Federal Reserve announced three-quarters of a percent rate hike to tame inflation. As of today, we’ve already seen the S&P 500 fall, and we know that mortgage rates will continue to rise due to the hike. Many are concerned by The Fed’s Chair Jerome Powell statement that “…the U.S. housing […]
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9.19.22 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country: …the average interest rate on a 30-year fixed-rate mortgage stayed about the same at 6.213% APR. The average rate on a 15-year fixed-rate mortgage rose five basis points to 5.395% APR, and the average rate on a 5-year adjustable-rate mortgage went up three basis […]
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9.13.22 Mortgage Rates Update
On Tuesday, Nerdwallet released the average mortgage rates in the country: …the average interest rate on a 30-year fixed-rate mortgage rose four basis points to 6.073% APR. The average rate on a 15-year fixed-rate mortgage fell five basis points to 5.217% APR, and the average rate on a 5-year adjustable-rate mortgage went up one basis […]
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August 2022 NOLA Metro Real Estate Market Snapshot
Welcome to your Monthy Market Snapshot! On the second Thursday of each month, we’ll post a snapshot of essential stats of the New Orleans Metro Real Estate Market for Single-Family Detached Homes. Drop us a line here if you wish to see stats specific to other areas around Nola! Below you’ll find graphs for each […]
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July 2022 NOLA Metro Real Estate Market Snapshot
Welcome to your Monthy Market Snapshot! On the second Thursday of each month, we’ll post a snapshot of essential stats of the New Orleans Metro Real Estate Market for Single-Family Detached Homes. Drop us a line here if you wish to see stats specific to other areas around Nola! Below you’ll find graphs for each […]
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8.08.22 Mortgage Rate Update
On Monday, Nerdwallet released the average mortgage rates in the country: … the average interest rate on a 30-year fixed-rate mortgage jumped 30 basis points to 5.319% APR. The average rate on a 15-year fixed-rate mortgage rose 35 basis points to 4.671% APR, and the average rate on a 5-year adjustable-rate mortgage went up five […]
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8.01.22 Mortgage Rate Update
On Monday, Nerdwallet released the average mortgage rates in the country: …the average interest rate on a 30-year fixed-rate mortgage tumbled 20 basis points to 4.986% APR. The average rate on a 15-year fixed-rate mortgage dropped five basis points to 4.352% APR, and the average rate on a 5-year adjustable-rate mortgage stayed the same at […]
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7.25.22 Mortgage Rate Update
On Monday, Nerdwallet released the average mortgage rates in the country: …the average interest rate on a 30-year fixed-rate mortgage plunged 31 basis points to 5.36% APR. The average rate on a 15-year fixed-rate mortgage dropped four basis points to 4.7% APR, and the average rate on a 5-year adjustable-rate mortgage stayed about the same […]
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7.18.22 Mortgage Rate Update
On Monday, Nerdwallet released the average mortgage rates in the country: …the average interest rate on a 30-year fixed-rate mortgage dropped eight basis points to 5.555% APR. The average rate on a 15-year fixed-rate mortgage rose two basis points to 4.732% APR, and the average rate on a 5-year adjustable-rate mortgage rose six basis points […]
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June 2022 NOLA Metro Real Estate Market Snapshot
Welcome to your Monthy Market Snapshot! On the second Thursday of each month, we’ll post a snapshot of essential stats of the New Orleans Metro Real Estate Market for Single-Family Detached Homes. Drop us a line here if you wish to see stats specific to other areas around Nola! Below you’ll find graphs for each […]