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Mortgage rates in Atlanta, Georgia

By Clare Mallen · Bankrate.com
Wednesday, November 26, 2014
Posted: 12 pm ET

Mortgage rates dipped this week in Atlanta. Meanwhile, the recently closed Shannon Mall is being repurposed into a film and movie studio, the Atlanta Business Chronicle reported.

The mall closed in 2010 and is now being demolished to make way for a 25-acre film and TV campus for former Turner Entertainment Group and Universal Studio executives, the Chronicle reported.

The benchmark 30-year fixed-rate mortgage in Atlanta dropped to 4.08 percent from 4.14 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.15 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.08 percent.

The project will cost an estimated $100 million and will create almost 2,000 jobs. The remaining 65 acres of the former Shannon Mall site will be developed into a 1.1 million-square-foot distribution and warehouse facility, the Chronicle noted.

The benchmark 30-year jumbo mortgage, for loans of $417,000 and more, fell to 4.13 percent from 4.19 percent. The benchmark 15-year fixed-rate mortgage remained at 3.27 percent. The benchmark 5/1 adjustable-rate mortgage remained at 3.29 percent.

Weekly mortgage survey

Results from Bankrate's Nov. 25 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: 4.08% 3.27% 3.29% 4.13%
Change from last week: -$5.73 N/C N/C -$14.51
Monthly payment: $795.36 $1,161.01 $721.72 $2,022.20
Change from last week: -$5.73 N/C N/C -$14.51
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July 08, 2013 at 2:03 am

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