Market Summary: Even though rates have been super low in recent past, based on Lender calculations a 1% increase in mortgage rates could cost the consumer approx 17% more in monthly payment. In addition, there are only 2 weeks left to be under contract to take advantage of the $8000 and $6500 tax credits. If your friends, family or associates are even considering buying or selling, time is running short. We’re ready when they are, so have them call The KellySellsAtlanta.com Team asap (Aaron: 404-863-8680).

Good news is that Rates are staying somewhat flat at the start of the week, but they were trending upward last week…and the upward trend is expected to come again & continue. Who knows? It’s a moving target, but here’s what we’re seeing currently (sourced from Bank of America email):

30 Year FNMA: 4.875% with a .750% Origination Fee

15 Year FNMA: 4.250% with a .250% Origination Fee

30 Year Jumbo: 5.500% with a.875% Origination Fee

30 Year FHA: 4.750% with a .500% Origination Fee

7 Year FHA Arm: 3.750% with a .875% Origination Fee or 3.875% with a .375% Origination Fee

Disclaimer: Rates are subject to change and are also based on the strength of the borrowers pre-qualification. Please contact us at 404-863-8680 or email us and we can refer you to a lender & get you started.

…your next move is our business.
The KellySellsAtlanta.com Team of Keller Williams Realty

This entry was posted on Tuesday, April 13th, 2010 at 5:09 pm and is filed under $6500 Tax Credit, $8000 tax credit, atlanta real estate, Atlanta Real Estate Market, Atlanta Real Estate Market Statistics, Atlanta Real Estate Market Update, Heady info, mortgage rates, Real Estate Statistics, Realtor Services, What's Coming Down?, What's Coming Up?. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.