Economy & Government Combine to Save You 13% Monthly

    Dropping oil prices and economic instability in Europe drove mortgage rates to their lowest levels in 18 months. The weekly average for a 30 year fixed rate mortgage reached 3.66% by the last week in January. Earlier in the month, President Obama announced a reduction in mortgage insurance rates on Federal Housing Administration (FHA) insured mortgages.

    Chart

    These two events have combined to reduce the price of a mortgage by more than 13% from a year earlier. So if you are in the market to buy a home or possibly refinance the home you already own, these developments may encourage to you move forward with your plans earlier than you may have expected.

    See our 2015 Real Estate Market Outlook for the bigger picture on this year’s real estate market.

    TanaArticle By: Tana Hubbard
    Evolve Bank & Trust
    404.886.8199
    NMLS# 195097

    Trackback from your site.

    Leave a Reply

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the North Metro Atlanta area.

    Cheryl Cloud

    Cheryl Cloud NMLS# 545242


    Senior Mortgage Originator
    BankSouth Mortgage
    175 Townpark Drive, Ste 125
    Kennesaw, GA 30144
    Visit my website
    Apply for a loan
    Mobile: (404) 310-3753
    Fax: (678) 680-5677

    Let me know how I can assist you with your North Metro Atlanta mortgage needs. I am here to help!

    Contact Us Now

    Any questions, comments, or feedback

    Disclaimer: By entering your information and clicking "Continue" you agree to our Terms of Use and Privacy Policy and that you may be contacted by phone, text message and email about your inquiry.