Traditional Baton Rouge Mortgage Rates Go Up
While some types of Baton Rouge home loans benefit, others see troubled
The Fed rate cut hasn’t been kind to all Baton Rouge home loans. Some Baton Rouge mortgage rates, such as for luxury real estate or for option ARMs, are going down. But traditional Baton Rouge mortgages, mainly of the 30-year fixed variety, are seeing problems. These Baton Rouge home loans are seeing rates go up. Inman News reports on mortgage rates:
dinky benefit from the cut (Construction money is 0.5 percent cheaper
– wanna build a house? Short-term rates are down — how about a nice
new neg-am pre-pay-penalty ARM? No?), but the crunch is still in place,
especially in Mortgageland.
For more on Baton Rouge home loans and real estate, contact Glenda Daughety.
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