Has The GA Real Estate Market Bottomed Out? Great Homes Available! Mortgage Rates Low! My Opinion YES!
August 9th, 2010 categories: BUYERS only, Real Estate Forum, SELLERS only
History is being made! Opportunities abound in the Real Estate Market around North Atlanta Georgia with the lowest Mortgage Rates ever recorded!
Mortgage interest rates for a 30 year fixed rate mortgages for the week ending August 5th, averaged 4.49 percent, the lowest it has been since Freddie Mac’s weekly Primary Mortgage Market Survey began in 1971.
The all time low for the average 30 year rate in the Alpharetta area came with an average .07 point,(cost to fund the loan). One year ago, the rate in the North Atlanta GA area averaged 5.22 percent, which is almost three quarters of a point cheaper. If buyers are sitting on the fence, now is the time to purchase the home you have always dreamed of. If you’re looking at a 15 year fixed or 5 year adjustable, those rates are at historical low levels as well. 15 year fixed is at 3.95 percent and 5 year adjustable is at an incredible 3.63 percent, at time of post.
I recognize a lot of people are concerned that in order to buy their next home, they have to sell the one they are living in first, with the additional stress of worrying about not getting full value in today’s market. While that may be true, if you are moving up, you will still get to realize the tremendous savings as the home you are buying is in the same situation with that homeowner, meaning the house has to be priced in today’s current market, and there will be equity when the market turns!
Based on your North Atlanta Neighborhood, we have seen some area’s where homes and properties maintained their value through the last few years. If interested in knowing what your home is worth, Call or email me, [email protected], and I can provide you with a quick Comparative Market Analysis (CMA) on what you can expect to receive from a sale of your home. This can be emailed to you for your review.
Personally, for me, my incoming emails from customers looking to take advantage of the current mortgage rates, and phone calls related to real estate properties, are picking up every day. I surround myself with a professional staff of mortgage bankers for my buyers to get pre-qualified, complete MLS listings of all properties including foreclosures and new homes by local builder, and a team of great agents.
My Real Estate BLOG has curious subscribers keeping on top of the areas of North Fulton Real Estate, Cherokee County Golf Communities and possible Short Sales and Forsyth County deals on Town Homes, Estates and more. Enjoy your Journey To Home and enjoy my Real Estate BLOG site at www.AllGeorgiaRealty.com. Feel free to call or email me as well for your free CMA or to have homes, that match your criteria, sent to you through a Client Gateway from the local Georgia MLS.
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