Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com

Conforming-4.0% 30Yr, 3.375% 15Yr, 2.875% 5Yr Arm
Non Conforming- 4.75% 30Yr, 4.5% 15Yr, 3.375% 5Yr Arm
FHA- 3.875% 30Yr, 3.5% 15Yr, 3.0% 5Yr Arm
VA- 3.875% 30Yr, 3.5% 15Yr, 3.5% Yr Arm

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com

Conforming- 30YR 4.0% 15YR 3.5% 10YR 3.875% 7YR ARM 3.625% 5YR 3.0%
Non-Conforming 30YR 4.875% 15YR 4.5% 10YR 4.375% 7YR ARM 4.0% 5YR 3.5%
FHA- 30YR 3.875% 15YR 3.5% 7YR ARM 3.625% 5YR 3.125%
VA- 30YR 3.875% 15YR 3.5% 7YR ARM 3.625% 5YR 3.125%

Atlanta Mortgage Rates:
Loan type Conventional FHA Jumbo
30-year
4.0% 3.875% 4.875%
15-years
3.5% 3.5% 4.5%
5-year ARMS
3.0% 3.125% 3.625%
Call Mark Spain Today 770-886-9000

Thirty-Year Mortgage Rate Falls Below 4%
The average rate for the conventional 30-year fixed mortgage has dropped below the 4 percent mark for the first time in history, according to numbers released Thursday by Freddie Mac. The GSE's market analysis also shows that the 15-year fixed rate - which has become a popular refinancing option among existing homeowners - fell to its lowest level on record for the sixth consecutive week.

Atlanta Mortgage Rates:
Loan type
Conventional FHA Jumbo
30-year
3.75% 3.75% 4.5%
15-years
3.25% 3.5% 4.375%
5-year ARMS
3.0% 3.0% 3.5%
Call Mark Spain Today 770-886-9000
http://www.markspain.com

Refinancing Is Key to Housing Market Recovery
If all of Fannie Mae's and Freddie Mac's borrowers paying interest rates that are higher than the median rate were to refinance at 4 percent, the savings would total $63 billion. While such an option would not bring the total $63 billion in savings to fruition, Moody's chief economist, Mark Zandi, says "even a fraction would be a big plus." According to Zandi, the single most effective policy move for the housing market would be to facilitate more mortgage refinancing