After finally refinancing my home last month, it looks like mortgage rates are trending downward again, spurned by last week’s positive employment data. Over the last few months, everyone in the real estate industry seemed to be in agreement that the rates were going up, up, up -- and they were -- but it looks like we are experiencing a decline, so if you are in the process of buying a home or refinancing, right now is an excellent time to lock in a low interest rate.
30 Year Fixed: 4.375%
15 Year Fixed: 3.25%
7/1 Arm: 3.375%
FHA 30 Year: 4.125%
Update from one of our preferred lenders at Assurance Financial: "Mortgage rates continued lower at a fairly brisk pace yesterday, extending the already impressive drop that followed Friday's employment data. This more than qualifies the rate movement as one of the pockets of recovery running counter to the longer-term trend toward higher rates."
I know that in a few years when the interest rate is MUCH higher, we will all chuckle about the time when we were worried interest rates went from 4.25 to 4.675%.
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In & Around Atlanta Real Estate Blog - Copyright 2006 - 2014 by Kerry Lucasse and the Nest Atlanta team with eXp Realty Atlanta. All information contained in this blog is deemed to be reliable but not guaranteed. If you need assistance with Intown Atlanta real estate, Kerry Lucasse and the Nest Atlanta Real Estate Group are always available to assist you with your residential real estate needs!
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