Home Mortgage Loan Applications Down as Interest Rates Rise
Home mortgage loan applications in Georgia and across the US were down 29% in September when compared to a year earlier, as home mortgage interest rates continued to increase. The average 30 year home mortgage rate in the Atlanta area is currently 6.70%, and the...
More Home Buyers Backing Out as Mortgage Interest Rates Increase
More prospective home buyers in the Atlanta area and across the state of Georgia are backing out of home purchases as mortgage interest rates approach higher levels not seen in years. Pending home sales are falling and more sellers are their dropping list prices as mortgage rates...
Are We Entering a Buyer’s Market? Signs to Watch Out For
Understanding how the housing market works is essential for both buyers and sellers. Not only does it put you in the best position to negotiate and make smart financial decisions, but it also helps to ease the stress that naturally occurs when making such a large purchase. This advice is...
Making Sense of the Current Housing Market
The housing market has been a roller coaster ride since 2020, particularly as more people worked from home and looked for new places to live. Interest rates also hit a record low during this time, leading to a seller’s market where bidding wars and long lines of buyers at open houses...
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