Home Affordability Reaches Three Year High in September

According to a recent report, home affordability in Georgia and across the US recently reached a three year high, a reversal from a year ago when affordability was at its lowest point in nearly a decade. Real estate analysts point to lower home mortgage interest rates as the main driver for the trend. Lower mortgage interest rates allow home buyers to purchase more expensive properties for a lower monthly principal and interest payment.

 Considering buying a new home in the Atlanta area? Need to refinance a home mortgage to obtain cash for home improvements? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.