Mortgage rates decreased in Atlanta this week. Meanwhile, the Atlanta Braves announced a partnership with Comcast for its new stadium and the surrounding area, WSB-TV Atlanta reported.
The Braves are developing a new stadium, SunTrust Park, with plans to open in 2017. The 60-acre tract will include restaurants, a hotel, retail shops, entertainment venue, residential units and an office tower, WSB-TV reported.
The Braves and Comcast announced a multiyear technology and real estate partnership that will make SunTrust Park and its surrounding community one of the most technologically advanced mixed-use developments in the nation, WSB-TV continued.
According to the SunTrust Park website, Comcast will provide video, voice and high-speed Internet throughout the project, and become the signature tenant in a multistory office building within the development. The nine-story office tower will accommodate more than 1,000 Comcast employees. The space will serve as the primary technology development hub for the company, with an innovation lab for technologists, engineers and software architects.
The benchmark 30-year fixed-rate mortgage in Atlanta dropped to 3.83 percent from 3.95 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.23 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.8 percent.
The benchmark 30-year jumbo mortgage, for loans of $417,000 and more, sunk to 3.75 percent from 3.88 percent. The benchmark 15-year fixed-rate mortgage fell to 3.19 percent from 3.31 percent. The benchmark 5/1 adjustable-rate mortgage tumbled to 3.19 percent from 3.33 percent.
Weekly mortgage survey
|Results from Bankrate's March 25 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%||3.19%||3.19%||3.75%|
|Change from last week:||-0.12||-0.12||-0.14||-0.13|
|Change from last week:||-$11.25||-$9.58||-$12.56||-$30.63|