09/26/2026
Don’t let the interest rate be the only number you look at when buying a home. 🏡
Freddie Mac’s latest national average for a 30-year fixed mortgage is 7.03%. Over the past three years, its weekly average has been about 6.66%. On a $300,000 home with an illustrative $285,000 loan, the difference between those rates is about $71 a month in principal and interest.
Now look at insurance: a $6,000 annual policy is $500 a month. A $3,000 policy is $250 a month. That’s a $250 monthly difference.
Rates matter, but so do the house and its location. A good real estate agent can help you find the right home, and getting an insurance quote early helps you see the full monthly cost before you commit.
Location has always been key in real estate. In Louisiana, it can make a real difference in your insurance cost, too. Let’s look at the whole payment together!
Congetta Arnette | Home Loan Advisor
Mandalay Mortgage LLC
📞 (985) 226-3856
✉️ [email protected]
🌐 mandalaymortgagellc.com
Congetta NMLS #1985578 | Company NMLS #2117677
Equal Housing Opportunity
Looking for a Home Purchase Loans and Refinance in Houma, Terrebonne Parish? You may be qualified. A mortgage consultant from Mandalay Mortgage LLC can help determine the right mortgage option for you.