Rising Home Mortgage Rates May Slow Home Sales Price Appreciation in Atlanta Area

 Rising home mortgage interest rates in the Atlanta area and around the country may affect home prices in the coming months, according to local real estate experts. As 30 year home mortgage interest rates approach 5.00%, more potential buyers are deciding to put off the purchase of a home. The real estate market remains strong across Georgia for the moment. However, with more potential buyers being forced out of the market due to rising costs and mortgage rates, many home sellers may soon be forced to lower their sales price expectations. As a result, the rapid increase in the housing prices across the Atlanta area may slow in the coming months.

Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net or 770.481.0052 to discuss your home purchase or refinance mortgage needs.


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