Despite Lower Mortgage Rates, Housing Affordability Continues to Decline

Despite lower home mortgage interest rates and higher household incomes, a new report indicates that housing affordability continues to decrease in the Atlanta area and in many other marketts round the country. Positive developments in mortgage interest rates and household incomes were offset by higher home prices. Real estate experts say that housing appreciation may moderate in the coming months, however, as more buyers are being priced out of the market, leading to a decline in bidding wars for available properties.

Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net or 770.481.0052 to discuss our current low home mortgage interest rates.