Top New Orleans Mortgage Rates This November

Have falling home prices enticed you into buying a new house? Today’s prices may be low, but don’t forget to research New Orleans mortgage rates, too. The rate you pay to finance your home will have a significant effect on the total cost of your house.

Current Best Mortgage Rates in New Orleans, LA

Depending on the kind of home loan you go with, the interest rates available will vary. However, whether you end up with a fixed rate or adjustable rate mortgage, there is a lender with an excellent interest rate in New Orleans for you. The following are the local lenders currently offering the best mortgage rates this month:

Best Fixed Mortgage Rates in New Orleans

15-Year Fixed

• JPMorgan Chase Bank, National Association: 2.75%
• • No Orig. Fees
  • Points: 0


• Fidelity Homestead Savings Bank: 3.25%
• • No Orig. Fees
  • Points: 0


• Rock Financial: 3.25%
• • No Orig. Fees
  • Points: 1.75

30-Year Fixed

• JPMorgan Chase Bank, National Association: 3.25%
• • No Orig. Fees
  • Points: 0


• Rock Financial: 3.99%
• • No Orig. Fees
  • Points: 2


• Quicken Loans Inc: 3.99%
• • No Orig. Fees
  • Points: 2

Lowest New Orleans ARM Rates

3/1 ARM

• Navy Federal Credit Union: 2%
• • No Orig. Fees
  • Points: 0.5
  • Caps: 2% per Adjustment Period

5/1 ARM

• Navy Federal Credit Union: 2.88%
• • No Orig. Fees
  • Points: 0.5
  • Caps: 2% per Adjustment Period

Be sure you verify these mortgage rates with the lender before you apply. Interest rates are accurate as of November 1, 2011, but may change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised New Orleans mortgage rate.