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Mortgage rates in Atlanta, Georgia

By Clare Mallen · Bankrate.com
Thursday, May 26, 2016
Posted: 7 am ET

Mortgage rates rose in Atlanta this week. Meanwhile, rental rates in the city are falling, the Atlanta Business Chronicle reports.

According to ABODO's National Apartment Report for May, average rent for a 1-bedroom apartment in Atlanta fell 3%, from $1,305 to $1,266. That is the 9th largest drop in rental rates in the country. Rents fell from March to April by 2%, from $1,331 to $1,305, the Chronicle notes.

This week's rates

The benchmark 30-year fixed-rate mortgage in Atlanta increased to 4.08% from 4.03%, according to Bankrate.com's weekly national survey of large lenders. The mortgages in this week's survey had an average total of 0.45 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.82%.

More rates

The benchmark 30-year jumbo mortgage, for loans of $417,000 and more, surged to 3.88% from 3.75%. The benchmark 15-year fixed-rate mortgage jumped to 3.20% from 3.10%. The benchmark 5/1 adjustable-rate mortgage climbed to 3.54% from 3.46%.

Weekly mortgage survey

Results from Bankrate's May 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: 4.08% 3.20% 3.54% 3.88%
Change from last week: +0.05 +0.10 +0.08 +0.13
Monthly payment: $795.36 $1,155.40 $744.61 $1,962.08
Change from last week: +$4.79 +$8.02 +$7.41 +$31.15
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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

December 19, 2014 at 5:04 am

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

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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