3.11.24 Mortgage Rates Update
WiseMove Blog
by Karla Frias
4M ago
On Monday, 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% 1/22 6.668% 5.897% 7.821% 1/29 6.525% 5.832% 7.703% 2/5 6.508% 5.844% 7.774% 2/12 6.765% 5.935% 7.862% 2/20 6.994% 6.081% 7.729% 2/26 6.873% 6.139% 7.690% 3/4 6.754% 6.150% 7.849% 3/11 6.574% 5.927% 7.839% All rates are down from the previous week! We can thank Congress for agreeing to a spending bill. Hopefully, we stay in these ranges for a few months. If you’ve been approved r ..read more
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February 2024 NOLA Metro Real Estate Market Snapshot
WiseMove Blog
by Karla Frias
4M ago
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 to see stats specific to other areas! Below you’ll find graphs for each stat in the graphic above. The charts are over a year to see the difference between 2024 & 2023. Metric definitions can be found at the end of the post! Questions? Reach out to one of our advisors for a chat!  The average Sales Price is up 7.6% from February of 2023. New Listings are up 10 ..read more
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4.4.24 Mortgage Rates Update
WiseMove Blog
by Karla Frias
4M ago
On Monday, 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% 1/22 6.668% 5.897% 7.821% 1/29 6.525% 5.832% 7.703% 2/5 6.508% 5.844% 7.774% 2/12 6.765% 5.935% 7.862% 2/20 6.994% 6.081% 7.729% 2/26 6.873% 6.139% 7.690% 3/4 6.754% 6.150% 7.849% The 30-year mortgage interest rate went down over .1% while the other two rates we track increased. A government shutdown was prevented last week, but without a finalized deal in place, we expect rates to ..read more
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2.26.24 Mortgage Rates Update
WiseMove Blog
by Karla Frias
5M ago
On Monday, 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% 1/22 6.668% 5.897% 7.821% 1/29 6.525% 5.832% 7.703% 2/5 6.508% 5.844% 7.774% 2/12 6.765% 5.935% 7.862% 2/20 6.994% 6.081% 7.729% 2/26 6.873% 6.139% 7.690% WELCOME BACK! After taking a break from covering rates from Mardi Gras and then President’s Day, we’re back at it! All rates, except for the 15-year, are down from the previous week. With another government shutdown looming, we’re ..read more
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January 2024 NOLA Metro Real Estate Market Snapshot
WiseMove Blog
by Karla Frias
5M ago
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 to see stats specific to other areas! Below you’ll find graphs for each stat in the graphic above. The charts are over a year to see the difference between 2024 & 2023. Metric definitions can be found at the end of the post! Questions? Reach out to one of our advisors for a chat!  The average Sales Price is up 5.1% from January of 2023. New Listings are down .1 ..read more
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2.05.24 Mortgage Rates Update
WiseMove Blog
by Karla Frias
5M ago
On Monday, 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% 1/22 6.668% 5.897% 7.821% 1/29 6.525% 5.832% 7.703% 2/5 6.508% 5.844% 7.774% All three rates are slightly up from the previous week. The first Federal Reserve met for the first time last week and chose to keep rates steady. Though there are no current changes, they didn’t mention or provide any hints about future cuts. We believe this is the reason why we’re seeing rates go up ever so slig ..read more
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1.22.24 Mortgage Rates Update
WiseMove Blog
by Karla Frias
6M ago
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% 1/22 6.668% 5.897% 7.821% All three rates we track ticked up from last week. This is normal whenever leading up to a Federal Reserve Bank Meeting. The first meeting of the year is next week, January 30th & 31st. We’ll keep you updated on the results. 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 more
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1.16.24 Mortgage Rates Update
WiseMove Blog
by Karla Frias
6M ago
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 Thu ..read more
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December 2023 NOLA Metro Real Estate Market Snapshot
WiseMove Blog
by Karla Frias
6M ago
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 to see stats specific to other areas! Below you’ll find graphs for each stat in the graphic above. The charts are over a year to see the difference between 2023 & 2022. Metric definitions can be found at the end of the post! Questions? Reach out to one of our advisors for a chat!  The average Sales Price is down 3.1% from December of 2023. New Listings are up 4 ..read more
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1.8.24 Mortgage Rates Update
WiseMove Blog
by Karla Frias
6M ago
On Monday, 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% While the 30-Year Fixed and the 5-year adjustable went up from last week, the 15-year Fixed Mortgage Rate went down significantly. This usually happens to get people to gravitate towards the 15-year fixed seeing as lenders find them as less risky since they are paid back more quickly. Whenever you’re deciding between mortgages, make sure to be transparent with your lender about your comfort level when it comes to your opti ..read more
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