The Mark Spain Team

Atlanta Real Estate:
Fixed Mortgage Rates Sink to Lowest on Record
Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve's announcement of "Operation Twist." Data released by Freddie Mac Thursday puts the average 30-year fixed-rate mortgage at 4.01 percent for the week ending September 29, and the 15-year fixed-rate at 3.28 percent. Interest rates for adjustable-rate mortgages (ARMs), however, were virtually unchanged. The 5-year ARM averaged 3.02 percent and the 1-year ARM came in at 2.83 percent.