Georgia Refinance Loan Applications Down, Purchase Loan Applications Up

Despite continuing low home mortgage interest rates, mortgage loan applications for refinances decreased over 3 percent in the week ending April 24 in Georgia when compared to the previous week, according to a recent survey. The study attributes the decrease in refinance applications to the Covid 19 pandemic. During the same period, however, mortgage loan applications for purchase loans increased 12%, which may indicate that the delayed spring home buying season will bounce back as pandemic restrictions ease in the coming months.

Buying or refinancing a home in the Atlanta area or anywhere else in Georgia? Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net or 770.481.0052. You can apply online and upload requested documents at peachtreemortgageservices.net.