Hey, Northshore and Southshore neighbors—from Mandeville’s serene lakefronts to Slidell’s vibrant bayous, and all points in St. Tammany, Jefferson, Orleans, and St. Bernard Parishes! As a real estate professional, I know 2025 mortgage rates top every buyer’s list. Let’s break down today’s climate, the road ahead through December and into Q1 2026, and simple steps to supercharge your credit. Quick read—ideal for your Causeway commute.
Current Rate Snapshot: Holding Steady in the Low 6s
As of November 11, 2025, the average 30-year fixed mortgage rate sits at about 6.31%, up a hair from last week but down from summer highs. For a $300,000 Covington starter home, that’s roughly $1,860 monthly (principal and interest)—more manageable than the 7% peaks earlier this year. Local lenders report similar for ARMs around 5.7%, making now a solid window if you’re prepped. With tight inventories across the region, these rates keep serious buyers moving.
Outlook: Mild Ease on the Horizon
Through year-end, expect rates to linger in the mid-6% range, closing 2025 near 6.3% as inflation cools but jobs stay strong. Heading into Q1 2026, forecasts point to a gentle dip to 6.0%-6.4%, with experts like Fannie Mae eyeing 6.3% by December and further softening to 5.9% later next year. The Mortgage Business Association sees Q1 steady at 6.4%, while the National Association of Realtors bets on mid-6% overall. For Chalmette or Metairie folks, this could mean extra affordability— but with low listings, timing matters. No big drops soon, but steady beats surprises.
Quick Credit Boosts for Better Rates
Strong credit (700+) unlocks the lowest rates and fees—here’s how to amp yours up fast:
- Timely payments rule: Automate bills; one slip can cost 100 points.
- Slash utilization: Keep cards under 30% balance—pay extra now.
- Spot-check reports: Grab your free annualcreditreport.com pull and fix errors.
- Freeze new apps: Avoid inquiries that ding scores short-term.
- Add positive history: A secured card helps if you’re building.
These tweaks could lift your score 50+ points in weeks, saving big on a new loan.
Rates are buyer-friendly compared to 2025’s wild ride—perfect for Northshore moves. Ready for a free pre-approval or St. Tammany market chat? Contact Baas Realty today—let’s get you home!
