Mortgage Loan Applications Decrease As Home Mortgage Interest Rates Continue Rising

Despite last week's uptick in home mortgage loan applications in the Atlanta area and around the state of Georgia, new mortgage applications declined the week ending March 18th. Mortgage and real estate experts say that the decline in the number of loan applications is part of a longer trend related to home mortgage interest rates, which are expected to continue increasing into the foreseeable future. Higher interest rates lead to higher monthly home loan payments, making buying a new home or refinancing an existing home mortgage loan more expensive.

Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net or 770.481.0052 to discuss which of our available home mortgage loan products is best for you.


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