Home Mortgage Refinaces Increasingly Popular Across Georgia

Mortgage financing providers across Georgia last week reported a slight decline in purchase loan applications. The number of mortgage loan applications for refinances, however, increased over 10%. While economic uncertainty appears to be slowing the number of homes sold in the Atlanta area, home owners looking for cash out or a lower home mortgage interest rate are increasingly turning to local mortgage brokers and other financial service providers. Refinance mortgage loan applications are up over 150% when compared to this time last year, and mortgage refis now make up over 60% of all mortgage loan applications in the Atlanta area.

Need a lower home mortgage interest rate? Need cash for home improvements? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.