Georgia mortgage and refinance rates in July 2026

As of Thursday, July 23, 2026, current mortgage interest rates in Georgia are 6.55% for a 30-year fixed mortgage and 5.88% for a 15-year fixed mortgage.

Mortgage rates ended February at their lowest levels since 2022. Experts forecast mortgage rates will likely stay near 6% throughout 2026. Year-over-year home sales in the state were down a whopping 25% as of August 2025, the most recent available data, according to ATTOM, while median home prices declined 1.6% in the same time frame. 

As of Thursday, July 23, 2026, refinance rates in Georgia are 6.75% for a 30-year fixed mortgage and 6.25% for a 15-year fixed mortgage. But more than two-thirds (69%) of mortgage holders nationwide have a rate at or below 5%, according to Realtor.com data; if you're one of them, refinancing at today's rates may not make sense. However, if you bought within the last year or two, rates closer to 6% might be appealing. 

Still, you might have more equity now thanks to higher home values, which could mean cashing out is an option for you. About a third of Georgia homeowners are equity-rich, meaning they own at least 50% of their property, per ATTOM. Cashing out could provide cash for upgrades and renovations at significantly lower rates than a personal loan.

Activity in Georgia's housing market has increased in the last year, with 12.8% more homes for sale in January 2026 than the same time last year. The median sales price also declined by nearly $5,000 for a year-over-year change of 1.4%. Here are some statistics about mortgages and the housing market in the Peach State:

• Median home sales price, Jan. 2026: $345,000
• Median home value, Jan. 2026: $325,999
• Median down payment, Oct. 2025: $46,050
• Median days on market, Jan. 2026: 67
• Percentage of homes sold above list price: 14.2%
• One-year change in median sales price on all properties: -1.4% YoY

Sources: ATTOM, Georgia Realtors, Redfin, Zillow

If you’re looking to get a mortgage in Georgia, there are several options:

The Georgia Department of Community Affairs (DCA) helps connect first-time homebuyers with more affordable loans, as well as down payment assistance, through the Georgia Dream program.

• Georgia Dream mortgages: Available through participating lenders, these mortgages require you to meet a minimum credit score threshold and for your income to fall within certain limits. There are also purchase price limits. You can get a conventional, FHA, VA or USDA loan through this program, provided you qualify.
• Georgia Dream Standard Down Payment Assistance: This program offers eligible borrowers a zero-interest loan of up to $10,000.
• Georgia Dream Protectors, Educators & Nurses (PEN) Down Payment Assistance: This program offers a zero-interest loan for 6% of the purchase price — up to $12,500. Those employed in protection (police, highway patrol, correctional, fire and EMS), active military, education or healthcare fields can qualify.
• Georgia Dream CHOICE Down Payment Assistance: This program offers a zero-interest loan of up to $12,500 to borrowers who are housing an individual with a disability.