Mortgage Interest Rate Fears Contribute to Low Supply of Homes on Market

Fears of rising home mortgage interest rates are contributing to the shortage of homes on the market in Atlanta and around the country. Faced with rising mortgage interest rates and the daunting prospect of having to search for a new home in a tight market, more homeowners are opting to stay put in their current homes. Homeowners who are locked into low fixed rate mortgages worry that they will pay more for the same amount of money by selling their properties and buying a new home in the current mortgage rate environment. Demand for homes remains steady, with prices steadily increasing due to the short supply and high demand.

Looking for a low home mortgage interest rate in the Atlanta area?  Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or by eamail at peachmtg@bellsouth.net.


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