Despite Low Home Mortgage Interest Rates, Fewer Homes Go Under Contact in July in Georgia, US

According to a recent report by the National Association of Realtors, the number of home listings under contract in Georgia and around the US fell by 2.5 percent in July when compared to June, despite home mortgage interest rates remaining lower than normal. Analysts say that a continuing shortage of new construction, tariffs on home building materials, and economic uncertainty due to analysts warning of an impending recession all contributed to the lower number of homes going under contact.

Home mortgage interest rates are still low!  Purchasing or refinancing a home mortgage loan in the Atlanta, Georgia area?  Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.