If you’ve been watching mortgage interest rates, chances are that you’ve noticed they are going up. However, it isn’t time to panic yet, as these increases appear to be minimal and rates are holding steady in the 3 percent range.
The Federal Reserve has promised they will make sure that interest rates stay low for now, but since we don’t have a crystal ball, no one can say for sure how long this will last.
With the Atlanta housing market having seen interest rates as high as 18.5 percent in the 1980s, now is still a great time to buy! Buyers who are on the fence on whether or not they want to purchase a new home should definitely consider taking advantage of low interest rates and low pricing, which seems to be increasing at a much faster pace.
Ready to invest in a home here in Atlanta? Give Academy Mortgage a call! Our fast, professional in-house services guarantee that you’ll get the loan you need without having to wait too long.
For more information on all of our mortgage products or to speak with a loan officer, call 404-558-4399.
Equal Housing Lender. (c)2013 Academy Mortgage License #3113. GA Lic. # 20505. This is not a commitment to lend. Academy Mortgage Atlanta: 5565 Glenridge Connector, Suite 400. Atlanta, GA 30342. Georgia Residential Mortgage Licensee.