Home Buying Power Increases Due to Low Home Mortgage Interest Rates, Strong Wage Growth

Although the average 30 year home mortgage interest rate in Georgia and around the country is expected to rise to as much as 5% in 2019, home buyers still have strong buying power due to increases in household income. Wages have increased 2.7% since July of 2017, while housing prices---despite recent increases-- remain significantly below their peak during the housing boom a decade ago. In addition, the average 30 year home mortgage interest rate remains near historic lows.

Buying or refinancing a home in the Atlanta area or anywhere else in the state of Georgia? Contact Peachtree Mortgage Services, Inc. at 770.481.0052.


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