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New Orleans Interest Rates, Julie’s Weekly Update, Feb. 07, 2008

       Interest rates in New Orleans are on a upward tick today.  Yesterday our conventional rate for a 30 year fixed loan was 5.625% with no origination or discount points.  We are expecting another move upward.  In the past 3 weeks , interest rates have been floating between 5.625% and 5.785%.

     My suggestion to my valued clients purchasing a home is to lock in a rate now and take advantage of our ” Float Down Option”.       Should  rates drop before your closing, a new rate can be negotiated.  Call me for details as this may be the best of two worlds.  You do not have to or  chase interest rates with Julie.  I may be fishing tomorrow but would be glad to talk between catching the big trout.  Julie Baudier

Baudier, Grace & Kinler, Standard Mortgage – 504-583-1793

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Eric Bouler Realtor
Gardner Realtors
Metairie - New Orleans, La. USA