Louisiana Mortgage Refinance

Home owners in the land of the “Big Easy” are using mortgage refinance to lower their monthly payments. Louisiana’s history and proximity to the ocean make this state (population 821,564) one of the country’s beloved places to reside. Louisiana has a variety of lenders offering a wide range of rates. For example, rates on a 15 year fixed mortgage are as low as 4.43% APR to 4.79% APR; rates for a 30 year fixed product are approximately 5.28% APR. Louisiana home owners can reap tax benefits from refinancing their mortgage loan. In addition to being able to deduct points, home owners can also deduct property taxes and interest. The median Louisiana home value ranges from $54,478 to $688,095. Home values in Monroe (71201) can range from $121,654 to $142,812; homes in New Orleans (70115) value from $298,994 to $350,993. The average property price in Louisiana is $193,818. Homes in Pineville (71360) have sold for $75,000 and $120,000, whereas homes in Baton Rouge (70806) sold for $149,000 and $265,000.