Mortgage rates were nearly stagnant in Atlanta this week. Meanwhile, the city is getting its first Hard Rock Hotel, Atlanta INtown Paper reports.
According to a media statement from the city, Hard Rock International will open Hard Rock Hotel Atlanta in spring 2018 and will be located next to the future home of the Atlanta Falcons.
The hotel will include a Hard Rock Cafe filled with music memorabilia, a heated outdoor swimming pool, a rooftop bar and restaurant, as well as the hotel's Rock Spa, Body Rock workout facility, INtown reports.
This week's rates
The benchmark 30-year fixed-rate mortgage in Atlanta remained at 4.31%, according to Bankrate.com's weekly national survey of large lenders. The mortgages in this week's survey had an average total of 0.71 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.07%.
The benchmark 30-year jumbo mortgage, for loans of $417,000 and more, fell to 3.88% from 3.94%. The benchmark 15-year fixed-rate mortgage remained at 3.43%. The benchmark 5/1 adjustable-rate mortgage remained at 3.68%.
Weekly mortgage survey
|Results from Bankrate's Nov. 24 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:||4.31%||3.43%||3.68%||3.88%|
|Change from last week:||N/C||N/C||N/C||-0.06|
|Change from last week:||N/C||N/C||N/C||-$14.29|