Take Advantage of Atlanta's Mortgage Rate Decline
In early 2025, mortgage applications in Atlanta increased by 6.3%, largely due to a small but significant decline in mortgage rates. This marks the first rate drop in nearly two months, sparking renewed interest among both first-time buyers and refinancing homeowners. For those looking to purchase a home in Atlanta, this presents an opportunity to lock in a lower rate before the market potentially shifts again. Homebuyers and refinancers should act quickly by obtaining pre-approvals, comparing offers from multiple lenders, and considering rate locks to secure favorable terms.
Financial experts also recommend exploring government-backed loans, such as FHA or VA loans in Georgia, which may offer more competitive rates for qualified borrowers. Additionally, real estate professionals suggest that those in the market for a home act strategically - selecting properties with strong long-term appreciation potential and negotiating favorable terms while rates remain attractive.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.