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Purpose: State: Loan Amount: Loan Type: Points:
$ GO
Institution Payments Rates Apr Points Fees Last Update   Phone – A Direct Lender $1140.13 3.625% 3.754% 0.789% $1950.00 10/07/2011 – A Direct Lender $1122.61 3.500% 3.703% 1.697% $1950.00 10/07/2011 – A Direct Lender $1157.79 3.750% 3.814% 0.000% $1950.00 10/07/2011
Data provided by Informa Research Services click here for details

Current Mortgage Rates

Like many other states across the country, the housing bubble cut a swath through the Georgia real estate market. Georgia ranks sixth in foreclosures, with many mortgage holders delinquent on loans by 30 days or more. Delinquency and foreclosures threaten the equity of neighboring homes, making it uncertain when things will turn around for homeowners and the real estate industry.

A recent report shows that nearly 30 percent of homeowners in Georgia owe more than their house is worth. New home sales have decreased by 14 percent from last year. However, despite the bad news that seems to cloud the real estate market, there are occasional signs that the worst has passed.

Industry experts believe that things will begin to level off by the end of the year. While foreclosures remain high, the numbers have fallen by 39 percent in the last year. The worst part of the recession has passed and the hopes are that the real estate market in Georgia will recover during the next two years. With this in mind, historically low Georgia mortgage rates make this a good time to purchase a house.

Similar to the national real estate market, Georgia mortgage rates have experienced a steady decline since the beginning of the crisis. As a result, potential homebuyers can take advantage of some of the lowest mortgage rates. Additionally, current homeowners might be able to refinance their mortgage loans at remarkable rates. While the exact rate varies slightly among lenders, current mortgage rates 30 year fixed can range between 4.25 – 4.38 percent.

A number of factors will influence the type of mortgage rate a potential buyer can expect. Lenders look at income, credit history and the amount of current debt. These factors have always been a part of the mortgage loan process. However, the issues that contributed to the housing bubble have caused lenders to be more cautious before approving a home loan. Current mortgage rates 30 year fixed can save potential buyers more money long-term.

For current homeowners, refinancing options are possible with the decline in mortgage rates. However, homeowners should only refinance if the new mortgage rate is significantly lower than their current rate. For example, if the lender offers a mortgage rate at least one percent less, this would make good financial sense. Anything less and the homeowner would not realize the savings once closing costs and lender fees were added.

4.25% 30 Year Fixed Rate
Loan Amount
Loan Type