The Atlanta Development Authority has a new program for buyers (including first time buyers) buying in the City of Atlanta. This program is a fabulous program and I think it will make a difference for individuals who don’t necessarily have an amazing pay check. Individuals can buy condos, single family homes, new […]

For the second time in a week, the Fed has done it again and has cut short-term rates by half a percentage point. Yesterday’s action, combined with the cuts we have seen earlier, “should help to promote moderate growth over time and to mitigate the risks to economic activity,” according to the […]

I have just found myself reading more and more posts out there since Knox got me so interested in this blog world. Anyway, I have stolen this good CNBC article from a reader of ours, Reno Real Estate, and thought it is worth sharing. It is entitled, “Fed Cut: What It Means […]

Bankrate just released their 2007 study of closing costs for every state.
Closing costs can be divided into three categories.
Closing costs:
• Origination fees charged by the lender.
• Title and settlement fees charged by third parties.
• Taxes and prepaid items such as homeowners insurance, association fees and prorated interest.
Bankrate’s survey includes lenders’ origination fees and title and […]

A 24 hour, 7 days a week hotline has been announced to assist Georgia homeowners avoid foreclosure. The program, called HOPE, will also offer face to face counseling to Georgians who may be at risk of losing their homes to foreclosure. This program announcement comes on the heels of a report that places Atlanta’s 2006 […]

Mortgage rates have fallen three straight weeks and five of the last six weeks. The benchmark 30 year fixed rate sits at 6.57%. This recent trend is seeing a rise in mortgage applications, according to the Mortgage Bankers Association.

Interest rates have been on a steady rise since the Federal Reserve began raising interest rates in quarter point increments beginning in the summer of 2004. While the Federal Reserve rate has risen from 1.00% to 4.75% (as of March 28, 2006) 30 year mortgage loan rates are still historically low (around 6.0%). Indeed, while […]

In Bankrate.com’s weekly survey, mortgage experts try and gauge which direction mortgage rates will head in the next 30-45 days. For the week of February 1st - February 8th…

0% think rates are going down
87% think rates are going up
13% think rates will remain unchanged

Technorati Tags: mortgage rates

Here’s the latest numbers on interest rates for five common consumer products for the week of January 1st - January 7th. This national survey was performed by Bankrate.com on Wednesday, January 4th.

Mortgages - 6.27% (30 Year Fixed)
Home Equity Lines - 7.32%
Auto Loans - 7.90% (48 Month - New Car)
CD - 3.28% (One Year Yield)
Credit Card […]

Here’s the latest numbers on interest rates for five common consumer products for the week of December 25th - December 31st. This national survey was performed by Bankrate.com on Wednesday, December 28th.

Mortgages - 6.28% (30 Year Fixed)
Home Equity Lines - 7.25%
Auto Loans - 7.90% (48 Month - New Car)
CD - 3.28% (One Year Yield)
Credit Card […]