Everyone knows that it is a great time to buy. With home prices at all time lows and fantastic insurance rates as low as 4 percent for 30 year loans, it is a great time to be looking at Atlanta real estate and buying new homes. Equifax blogger Sam Tamkin shares some information about home buying and getting a mortgage in his[...]
Looking for Atlanta real estate? Well here is some great news! For the first time ever, the average rate on the 30-year fixed mortgage fell below 4 percent for the week ending October 6, to 3.94 percent, according to Freddie Mac. This is following last week’s low of 4.1 percent and dropping, historic lows over the past six weeks. The average[...]
Are you searching for Atlanta real estate or a new home inside the Perimeter? With a new program offered by the Atlanta Development Authority, you could live a sustainable life, surrounded by hiking and biking trails, acres of greenspace and light rail transit giving you access to the best shopping, dining and attractions that Atlanta has to offer. And on[...]
Looking for Atlanta real estate? Well you may just be in luck. Not only are home prices low, but fixed mortgage rates continue to fall. Last week Freddie Mac reported that the average rate for 30-year fixed mortgages fell to 4.12; the lowest level in three decades. The average rate on 15-year mortgages fell to 3.33, the lowest level on[...]
American banks have seen an upwelling in mortgage applications for refinancing. Applications for the week of August 5 rose more than 21% over the previous week, and three-quarters of those applications were for refinancing, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. This makes us wonder, is it time to refinance your Atlanta real estate now? Mike Fratantoni,[...]
The Federal Housing Administration (FHA), the largest insurer of mortgages in the world, is changing the loan limit for Metro Atlanta real estate. Beginning on October 1, the FHA Loan Limit will be lowered from $346,250 to $320,850 on any contract accepted and assigned an FHA case number. This means that if you are looking to buy a home soon[...]
With the back-to-schoolers back on metro Atlanta roads, you may have noticed your morning commute setting new records over the past few weeks. But there have also been some other new records being set over the past few weeks – exceptionally low mortgage rates. There has literally never been a better time to look for real estate in Atlanta. Last week,[...]
Mortgage rates are at all-time lows, but not everyone will enjoy the benefits if a new proposal goes into effect. In fact, nearly 25 million homeowners across the country would be facing more expensive mortgages if the proposal remains unchanged. Provisions in the Dodd–Frank Wall Street Reform and Consumer Protection Act would require applicant to have at least 25 percent in[...]
Barring Congressional action, Federal Housing Administration (FHA) loan limits will revert back to rates determined by the Housing and Economic Recovery Act for single-family housing. This will affect loans insured by the FHA on or after October 1, 2011 and could affect those searching for Atlanta real estate. The U.S. Department of Housing and Urban Development has stated that FHA[...]
Many housing proponents claim that the move to dismantle Fannie Mae and Freddie Mac will bring about the end of the 30-year fixed-rate mortgage. Tony Floyd, senior vice president of Prudential Georgia Realty recently shared his thoughts on the issues facing the housing industry, Fannie and Freddie and more. We have been hosting webinars and writing about this for several months[...]