Atlanta Mortgage Rates:
http://www.markspain.com
Loan type
Conventional FHA Jumbo

30-year
4.125% 4.125% 4.875%

15-years
3.375% 3.5% 4.125%

5-year ARMS
3.125% 3.125% 3.5%
Call Mark Spain today 770-886-9000

Atlanta Mortgage Rates:
Loan type
Conventional FHA Jumbo
30-year
4.125% 4.125% 4.75%

15-years
3.375% 4.0% 4.0%

5-year ARMS
3.0% 3.0% 3.5%
Call Mark Spain for more information 770-886-9000
www.markspain.com

Atlanta Short Sales
Pre-Foreclosure Short Sales Jump 19% in Second Quarter
Short sales shot up 19 percent between the first and second quarters, with 102,407 transactions completed during the April-to-June period, according to RealtyTrac. Over the same timeframe, a total of 162,680 bank-owned REO homes sold to third parties, virtually unchanged from the first quarter. RealtyTrac's study also found that the time to complete a short sale is down, while the time it takes to sell an REO has lengthened. Discounts on both types of distressed properties increased last quarter.
Call MArk Spain For More Information on short sales 770-886-9000
www.greateratlantaforeclosurehelp.com

Atlanta Real Estate Mortgage Information:

Loan type
Conventional FHA Jumbo

30-year
4.125% 4.125% 5.0%

15-years

3.375% 3.5% 4.75%

5-year ARMS

3.125% 3.125% 3.5%

Atlanta Real Estate
Industry's Shadow Inventory of Distressed Homes Shrinks.
Housing has become an industry afraid of its shadows. That shadow inventory of repossessed and soon-to-be repossessed homes has professionals from every side of the business worried about the impact such a sizeable volume of distress will have on property values and overall market fundamentals. But according to Standard & Poor's, the obscurity hiding in the corner is getting smaller. The agency's current estimate of time-to-clear the market's distress is 47 months. That represents a five-month decline from its first-quarter estimate.

Atlanta Real Estate:
Mortgage Rates Plunge to Lowest Level in Over Five Decades
Investors' growing appetite for the safety of U.S. Treasury bonds in the wake of European debt troubles and a stagnant economic recovery here in the U.S. has driven mortgage interest rates to their lowest level in over 50 years.
www.markspain.com
Call Mark Spain Today 770-886-9000

Atlanta Mortgage Rates:
Loan type
Conventional FHA Jumbo
30-year
4.0% 4.0% 4.75%
15-years 3.25% 3.5% 4.0%
5-year ARMS
3.0% 3.25% 3.5%

Atlanta Mortgage Rates: Conventional FHA Jumbo
30-year
4.25% 4.25% 4.875%
15-years
3.625% 4.0% 4.25%
5-year ARMS
3.125% 3.25% 3.625%

Atlanta Real Estate
The credit bureau says mortgage delinquencies improved 5.98 percent during the second quarter, with the rate of homeowners 60 or more days past due declining to 5.82 percent. TransUnion predicts delinquencies will continue to decline throughout the year, thanks to conservative lending policies that cater to consumers with higher credit scores.

Atlanta Mortgage rates: www.markspain.com/atlanta
Conventional FHA Jumbo
30-year
4.0% 4.0% 4.75%
15-years
3.5% 3.5% 4.125%
5-year ARMS
3.0% 3.125% 3.5%
Call MArk Spain for more information 770-886-9000

Atlanta Real Estate
Conventional FHA Jumbo
30-year
4.25% 4.25% 4.875%
15-years
3.625% 4.0% 4.25%
5-year ARMS
3.125% 3.25% 3.625%

Atlanta Real Estate
U.S. Downgrade: How Will It Impact Housing Fundamentals?
Congress' last-minute accord to avert a default wasn't enough to save the United States' top rating from Standard & Poor's. The agency downgraded the long-term credit rating of the U.S. to AA+, a grade just below the AAA rating the U.S. had held for 70 years. Analysts were expecting a temporary spike in Treasury yields, which are closely tied to mortgage rate trajectories, but investors responded with a rush on Treasuries, pushing yields down 13 basis points. Fannie Mae, Freddie Mac, and the Federal Home Loan Banks also had their S&P ratings lowered to AA+ on Monday.

Atlanta Real Estate News Update
www.MarkSpain.com
http://ping.fm/erog9

Atlanta Georgia Interest Rate Update
www.MarkSpain.com
30Yr
4.25% Conforming
4.875% Non-conforming
4.25% FHA
4.25%VA

15Yr
3.5% Conforming
4.125% Non-conforming
4.0% FHA
4.0%VA

5Yr ARM
3.0% Conforming
3.5% Non-conforming
3.0% FHA
3.0%VA

Atkanta Real Estate
www.markspain.com/atlanta
Home Prices Nearly 7% Below a Year Ago
Home prices in June came in 6.8 percent below June 2010. Even with fewer distressed properties changing hands, short sale and REO transactions are weighing heavy on the market numbers. CoreLogic's shows that when distressed sales are excluded, the year-over-year price decline narrows to 1.1 percent.
Mark Spain 770-886-9000

Atlanta Real Estate
Conforming, Non-Conforming, FHA, VA
30 Year Fixed 4.375% 5.000% 4.250% 4.250%
15 Year Fixed 3.750% 4.375% 4.000% 4.000%
10 Year ARM 3.875% 4.375%
7 Year ARM 3.500% 4.000%
5 Year ARM 3.125% 3.625% 3.250% 3.625%
www,markspain.com

Atlanta Real Estate
The Math Behind the Mortgage Interest Deduction
The staple of American homeownership is expected to be on the chopping block as lawmakers look to trim the nation's deficit. Mortgage interest tax deduction has been part of the federal tax code since 1913. it costs the U.S. Treasury an estimated $94 billion a year.
Call your Senator and Congressman and voice your opinion.
www.markspain.com 770-886-9000