Fewer Georgia Homeowners Refinancing As Mortgage Interest Rates Rise

As home mortgage interest rates in April reached their highest levels since 2011, fewer homeowners in Georgia and around the country opted to refinance their home mortgage loans. In April, 66 percent of all home mortgage loans closed were purchases, the highest level since June 2017. Interest rates still remain near historically low levels, even though they have risen slightly in recent months. Although the inventory of new homes remains tight, analysts expect the purchase market to remain strong throughout the upcoming summer months.

Refinancing a home mortgage or buying a new home in metro Atlanta or anywhere else in the state of Georgia? Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net to discuss our low home mortgage interest rates.


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