For the sixth week in a row, the average rate for a 30-year fixed mortgage was nearly hitting its record low mark. This week we saw the rate for a 30-year home loan hover at 3.99%, along with a 15-year home loan at around 3.27. Both rates are extremely low.
In Smyrna, GA and the Greater Atlanta area, new homes are being built once again. The best news for home buyers, along with amazing mortgage rates, is that they are still being sold below market pricing. The Atlanta area is seeing soaring home sales. In a recent article from HousingZone.com, they posted great news, reporting that Atlanta metro area home sales are up 33.4% from 2010.
As you can see, the housing market in Atlanta is making a major comeback while rates and prices are still extremely low. The recent data indicates that Smyrna and Atlanta buyers are in a great position with many options to find a new home.