Mortgage rates varied in Atlanta this week. Meanwhile, Coca-Cola is moving 500 employees from the Atlanta suburbs back to the city, the Atlanta Business Chronicle reports.
Coca-Cola, the world's largest beverage maker, began in Atlanta almost 130 years ago and is in the process of restructuring its 35-acre campus on North Avenue into a modernized headquarters. Two years ago, the company consolidated several metro offices into a new information technology division downtown, the Chronicle noted.
This week's rates
The benchmark 30-year fixed-rate mortgage in Atlanta remained at 4.26%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.26 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.19%.
The benchmark 30-year jumbo mortgage, for loans of $417,000 and more, remained at 4.19%. The benchmark 15-year fixed-rate mortgage fell to 3.41% from 3.46%. The benchmark 5/1 adjustable-rate mortgage rose to 3.41% from 3.37%.
Weekly mortgage survey
|Results from Bankrate's July 1 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:||4.26%||3.41%||3.41%||4.19%|
|Change from last week:||N/C||-0.05||+0.04||N/C|
|Change from last week:||N/C||-$4.03||+$3.67||N/C|