Just a quick update on current mortgage rates in New Orleans.
- The Fed has indicated that based on economic factors, rates will remain low well into 2014.
- HUD has brought back the $100 down payment program. Details on this program can be found here.
Remember loan amount, loan-to-value and credit scores will always play a part in the rate that home buyers qualify for.
All 30 year loans
- Rural Development 100% financing: 3.875% with 0 points
- FHA: 3.75% with o points
- Conventional Loans: 3.875% with o points
- VA: 3.75%
15 year loans
- Conventional: 3.25%
- FHA: 3.75%
This information is courtesy of:
Licensed Loan Originator | Louisiana