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Mortgage rates in Atlanta, Georgia

By Clare Mallen · Bankrate.com
Friday, December 19, 2014
Posted: 12 pm ET

Mortgage rates decreased this week in Atlanta. Meanwhile, Comcast plans to increase the size of its headquarters in the city, the Atlanta Business Chronicle reported.

Atlanta is the headquarters for over 26 Fortune 500 companies, according to the Metro Atlanta Chamber. Comcast currently employs 2,300 in the area, with plans to add 200 more administrative jobs, the Chronicle reported.

The benchmark 30-year fixed-rate mortgage in Atlanta dropped to 4 percent from 4.07 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.14 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.94 percent.

Comcast, a Philadelphia-based media and technology company, is looking for 150,000 square feet of office space in the metro Atlanta area. It currently resides in Norcross, occupying 90,000 square feet. Its lease there is up in late 2015, and it wants to add a call center operation and a data center in the city.

The benchmark 30-year jumbo mortgage, for loans of $417,000 and more, fell to 4.06 percent from 4.13 percent. The benchmark 15-year fixed-rate mortgage sunk to 3.25 percent from 3.38 percent. The benchmark 5/1 adjustable-rate mortgage dipped to 3.33 percent from 3.38 percent.

Weekly mortgage survey

Results from Bankrate's Dec. 17 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: 4.00% 3.25% 3.33% 4.06%
Change from last week: -0.07 -0.13 -0.05 -0.07
Monthly payment: $787.74 $1,159.40 $725.35 $2,005.27
Change from last week: -$6.64 -$10.40 -$4.55 -$16.85
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