Mortgage rates fell in Atlanta this week. Meanwhile, metro homes near certain grocery stores appreciate rapidly, The Atlanta Journal-Constitution reports.
According to an analysis by online real estate marketplace Zillow, homes within a mile of Whole Foods or Trader Joe's have a higher appraised value than other homes. Zillow chief economist notes that these particular stores indicate to the public that the neighborhood is desirable, the AJC reports.
This week's rates
The benchmark 30-year fixed-rate mortgage in Atlanta decreased to 4.1% from 4.17%, according to Bankrate.com's weekly national survey of large lenders. The mortgages in this week's survey had an average total of 0.41 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.88%.
The benchmark 30-year jumbo mortgage, for loans of $417,000 and more, sunk to 3.56% from 3.69%. The benchmark 15-year fixed-rate mortgage dropped to 3.27% from 3.38%. The benchmark 5/1 adjustable-rate mortgage fell to 3.47% from 3.61%.
Weekly mortgage survey
|Results from Bankrate's Feb. 3 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $417,000 in Atlanta.|
|30-year fixed||15-year fixed||5-year ARM||30-year jumbo|
|This week's rate:||4.1%||3.27%||3.47%||3.56%|
|Change from last week:||-0.07||-0.11||-0.14||-0.13|
|Change from last week:||-$6.69||-$8.81||-$12.81||-$30.25|