Existing Home Sales Up in May

Following two months of lackluster activity, existing home sales in the Atlanta area and around the country grew by 2.5% in May over the previous month, a larger increase than expected. Lower mortgage interest rates contributed to the increase in sales as more buyers were able to qualify for home loans. Rising home prices and a shortage of entry level homes on the market, however, continued to keep many potential home buyers out of the market.

Contact Peachtree Mortgge Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net to discuss our low home mortage interest rates.  We serve metro Atlanta and the entire state of Georgia.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.