Mortgage Loan Applications Down Despite Lower Mortgage Interest Rates

Although average home mortgage interest rates last week were at their lowest level in nearly a year, home mortgage loan applications were down nearly 4% from the previous week in Georgia and across the country. Analysts believe that economic uncertainty led to the decline in mortgage applications, but they still expect a strong mortgage market in the coming months due to the strength of the job market and lower mortgage interest rates.

Buying or refinancing a home in metro Atlanta or anywhere else in the state of Georgia? Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net.