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Mortgage rates in Atlanta, Georgia

By Clare Mallen · Bankrate.com
Thursday, May 19, 2016
Posted: 7 am ET

Mortgage rates varied in Atlanta this week. Meanwhile, an Atlanta mansion sold for a record $17.5 million, the Atlanta Business Chronicle reports.

Entertainment mogul Tyler Perry's home on Paces Ferry Road in Atlanta was listed for sale at $25 million and just sold for $17.5 million. Built in 2007, the home boasts 7-bedrooms with 34,688-square-feet, situated on 17 acres. Amenities include a theater, spa, lighted tennis court, infinity swimming pool, gym, underground ballroom and a caretaker's suite. The French Provincial estate has its own guard house, high-level security, generator and 2 gated entrances.

According to Sotheby's, citing the First Multiple Listing Service, the highest sale in Atlanta's history was a Buckhead estate that sold for $10.5 million in 2009. This sale of $17.5 million breaks that record and becomes the highest residential home sale in the city's history, the Chronicle notes.

This week's rates

The benchmark 30-year fixed-rate mortgage in Atlanta rose to 4.03% from 3.99%, according to Bankrate.com's weekly national survey of large lenders. The mortgages in this week's survey had an average total of 0.43 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.76%.

More rates

The benchmark 30-year jumbo mortgage, for loans of $417,000 and more, remained at 3.75%. The benchmark 15-year fixed-rate mortgage remained at 3.10%. The benchmark 5/1 adjustable-rate mortgage climbed to 3.46% from 3.35%.

Weekly mortgage survey

Results from Bankrate's May 18 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: 4.03% 3.10% 3.46% 3.75%
Change from last week: +0.04 N/C +0.11 N/C
Monthly payment: $790.59 $1,147.41 $737.24 $1,931.19
Change from last week: +$3.82 N/C +$10.14 N/C
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15 Comments
Eduardo
April 29, 2016 at 12:10 pm

Is there a way to track the Atlanta area interest rate for the last 90 days? Trying to decide if I should lock in a rate.
Do you also have a source for 20 year fixed?

Derek Miller
April 05, 2016 at 10:13 am

I have been renting to long need to buy this home thank you

homepage
December 19, 2014 at 5:04 am

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Shawanna
July 08, 2013 at 2:03 am

a definite okay view of Mortgage rates in Atlanta, Georgia Bankrate, Inc. Perfect adore it

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