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Purpose: State: Loan Amount: Loan Type: Points:
$ GO
Institution Payments Rates Apr Points Fees Last Update   Phone – A Direct Lender $1140.13 3.625% 3.754% 0.789% $1950.00 10/07/2011 – A Direct Lender $1157.79 3.750% 3.814% 0.000% $1950.00 10/07/2011 – A Direct Lender $1122.61 3.500% 3.703% 1.697% $1950.00 10/07/2011
Data provided by Informa Research Services click here for details

Current Mortgage Rates

Compared to this time in June, Louisiana Mortgage Rates have declined slightly. For buyers hoping to secure a new home or owners wishing to refinance, this is an opportunity to take advantage of the latest mortgage rates.

The average list price of homes in the state is currently $164,900. This average includes metropolitan areas such as New Orleans and Baton Rouge as well as rural portions of the state.

In New Orleans, the average list price of home is $168,900. A 30-year fixed mortgage in the state’s largest city can range from 4.22% to 4.92% APR. Rates of 3.43% to 3.95% can be found for a 15-year fixed mortgage.

Attractive Louisiana Mortgage Rates and well-priced homes are available throughout the state. For instance, the average list price of homes in Baton Rouge is $174,000. You can find fixed mortgage rates similar to those of New Orleans here in the state’s capital. Regarding variable rate mortgages, the rates for a 5/1 ARM begin from 2.97% and go up to 3.32% APR.

Lafayette also has a comparable range for its latest mortgage rates. For home buyers seeking a 7/1 ARM, the rate can go as low as 3.16% APR. This is quite a difference from the national average rate of 3.52%. Homes here tend to list for an average of $168,000.

West of Lafayette, Lake Charles has a lower average list price of $154,900 for homes. Like New Orleans, the 30-year fixed mortgage can be found for as low as 4.22%.

In the northern part of the state, the Shreveport-Bossier City region has an average list price of $184,900 for homes. Homeowners who want to refinance can find rates of 4.22% to 4.49% APR for a 30-year fixed mortgage. In contrast, a refinance with a 15-year fixed mortgage is available for 3.43% to 3.95%.

Monroe’s average list price of $139,800 for a home makes it one of the most affordable parts of the state. Home buyers willing to take on a 20-year fixed mortgage can find one for 4.01% APR. The same rate is obtainable for homes in Alexandria. Homes here have been listed for an average of $156,000.

The latest mortgage rates can benefit buyers looking for new homes or those more interested in refinancing their current homes. Residents of New Orleans or other locations in the state can potentially save thousands by choosing the best Louisiana Mortgage Rates.

4.25% 30 Year Fixed Rate
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