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Thursday
04Aug

Atlanta Mortgage Rates Rise

DateAug 4

Atlanta Mortgage

Mortgage rates have risen for the fourth week in a row as investors gradually realize that the Federal Reserve is going to keep raising interest rates.

The benchmark 30-year fixed-rate mortgage rose 6 basis points to 5.84 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.38 discount and origination points. One year ago, the mortgage index was 6.17 percent.

The 15-year fixed-rate mortgage rose 6 basis points to 5.45 percent. The 5/1 adjustable-rate mortgage rose 9 basis points to 5.49 percent.  Read Full Article

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