Rates Blog

Finance Blogs » Rates Blog » Mortgage rates in Atlanta, Georgia

Mortgage rates in Atlanta, Georgia

By Clare Mallen · Bankrate.com
Thursday, April 16, 2015
Posted: 7 am ET

Mortgage rates were mixed in Atlanta this week. Meanwhile, the city's apartment market is one of the strongest in the country, the Atlanta Business Chronicle reported.

According to Axiometrics Inc., a Dallas-based data company, rental growth in 2014 in the Atlanta-Sandy Springs-Marietta metropolitan statistical area was the strongest the area has seen since 1996, at 7.5 percent.

The company reported that the supply of new Class A apartments in the city, which are properties with an average effective rent in the top 20 percent of the market, was up 8.9 percent in January. This new supply, coupled with an overall occupancy rate of 93.8 percent in January, is fueling the robust apartment market.

The benchmark 30-year fixed-rate mortgage in Atlanta dropped to 3.83 percent from 3.87 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.27 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.79 percent.

The benchmark 30-year jumbo mortgage, for loans of $417,000 and more, rose to 3.88 percent from 3.81 percent. The benchmark 15-year fixed-rate mortgage dipped to 3.04 percent from 3.07 percent. The benchmark 5/1 adjustable-rate mortgage remained at 3.08 percent.

Weekly mortgage survey

Results from Bankrate's April 15 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: 3.83% 3.04% 3.08% 3.88%
Change from last week: -0.04 -0.03 N/C +0.07
Monthly payment: $771.65 $1,142.64 $702.79 $1,962.08
Change from last week: -$3.76 -$2.38 N/C +$16.74
«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
7 Comments
homepage
December 19, 2014 at 5:04 am

Hello your blog is good for us. I (will|wanna) thank you for it.

Shawanna
July 08, 2013 at 2:03 am

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

Add a comment

(Comments may take 5-10 minutes to appear)