Mortgage rates for New Orleans, Louisiana go down to 3.00%

Mortgage rates for New Orleans, Louisiana on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for New Orleans, Louisiana is now at 4.56%.

New Orleans Market Trends

New Orleans is home to the infamous Mardi Gras festival. Located in Jefferson Parish, this city is eccentric, and has several different cultural influences which live on today in its food, architecture and ethnic makeup. New Orleans is "sinking," as it sits below sea level and descends little by little every year.

For quarter ending December 13:

The average listing price for homes was $287,881 for the week ending December 11, which represents an increase of 1.4%, or $3,967, compared to the preceding week.

Popular communities in New Orleans include French Quarter and Irish Channel, with average home listings worth $539,420 and $388,917.

Lender411.com will help you find the best mortgage interest rates by putting you in touch with a qualified New Orleans mortgage lender who can find you the right loan. 

Lenders in: New Orleans, Louisiana.