Tag: mortgage rates
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05.30.23 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country. The three common mortgage options increased week to week, with the 5-Year ARM experiencing the lowest increase . 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!…
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05.22.23 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country. The three common mortgage options increased week to week. With the debt ceiling negotiations still occurring ahead of the June 1st deadline, we expect rates to increase even more as the uncertainty of the debt limit being raised grows. What do we see in…
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05.15.23 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country. Week to week, there were small movements in the 5-Year ARM and 15-Year Fixed interest rates. The 30-year Fixed-Rate mortgage had a huge decrease of .2%. You can probably thank the debt ceiling negotiations for the sudden drop as well as the speculation that…
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05.08.23 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country. Week to week, there were small movements in interest rates, with the largest rate increase being the 30-year mortgage. These moves are in line with what we expected after the Federal Reserve increased interest rates by another .25%. What do we see in the…
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05.01.23 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country. Week to week there were small movements in interest rates. We’re keeping a close eye on what rates are going to do after the Federal Reserve’s meeting on the 2nd & 3rd of May, especially after JPMorgan’s takeover of First Republic bank. What do…
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04.24.23 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country. All rates but the 5-year adjustable-rate mortgage (ARM) decreased week to week! The decrease may be due to the good news from the CPI report two weeks ago, which showed inflation slowing for the month of March. And with the Federal Reserve meeting next…
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04.17.23 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country. All rates increased week to week, but one thing to notice is the increase isn’t as shard as weeks past. This is possibly due to the March CPI numbers released last Wednesday. Inflation slowed in March with a .01% increase versus the .4% rise…
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04.10.23 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country. The 15 & 30-year Mortgage Rates decreased week to week, while the 5-year Adjustable Rate Mortgage went up slightly. Last week we saw that along with inflation tapering down since January, there’s also a drop in job openings. Both are signs the mortgage market…
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04.03.23 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country. Rates ticked up week to week, with the 5-year Adjustable Rate Mortgage having the sharpest increase. 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…
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03.27.23 Mortgage Rates Update
On Monday, Nerdwallet released the average mortgage rates in the country. Rates ticked up week to week after the Federal Reserve raised interest rates this past Wednesday by .25%, even though we had bank failures the week prior. The Fed has decided that taming inflation is still its primary focus. That being said, interest rates…