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Mortgage rates in Atlanta, Georgia

By Clare Mallen · Bankrate.com
Friday, October 9, 2015
Posted: 12 pm ET

Mortgage rates mostly fell in Atlanta this week. Meanwhile, home prices are up in the city, the Atlanta Business Chronicle reports.

According to the latest S&P/Case-Shiller Home Price Index, home prices in metro Atlanta were up 0.8% from June to July and up 5.8% from July 2014 to July 2015. This pace is behind San Francisco, Denver and Dallas, which had the highest year-over-year gains with increases of 10.4%, 10.3% and 8.7%, respectively.

This week's rates

The benchmark 30-year fixed-rate mortgage in Atlanta dropped to 4.11% from 4.17%, according to Bankrate.com's weekly national survey of large lenders. The mortgages in this week's survey had an average total of 0.58 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.95%.

More rates

The benchmark 30-year jumbo mortgage, for loans of $417,000 and more, rose to 3.81% from 3.69%. The benchmark 15-year fixed-rate mortgage fell to 3.26% from 3.33%. The benchmark 5/1 adjustable-rate mortgage dropped to 3.56% from 3.64%.

Weekly mortgage survey

Results from Bankrate's Oct. 7 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: 4.11% 3.26% 3.56% 3.81%
Change from last week: -0.06 -0.07 -0.08 +0.12
Monthly payment: $798.23 $1,160.21 $746.46 $1,945.42
Change from last week: -$5.74 -$5.61 -$7.38 +$28.61
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