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Atlanta Real Estate Mortgage Rate Update

05/09/08 | Jim Greenie | Category: Atlanta Real Estate, Mortgages

Mortgage rates ended higher last week on stronger-than-expected jobs data, strong consumer spending, and an appetite for riskier investments.

But, investors were most excited about the Federal Reserve’s hint that its rate-cutting cycle may be over.

Mortgage Interest Rates*

Conforming APR

Payment

per $1000

 Jumbo APR

Payment

per $1000
30-Year Fixed 5.63% 5.76% $5.76 7.25% 7.35% $6.82
15-Year Fixed 5.25% 5.48% $8.04 7.00% 7.16% $8.99
5-Year Fixed ARM 4.88% 5.01% $5.29 6.88% 6.97% $6.57
5-Year Interest Only 5.13% 5.26% $4.27 7.00% 7.10% $5.83

*Rates are subject to change due to market fluctuations and borrower’s eligibility.

Call my cell phone (404-992-6547) if I can assist over the weekend.

Enjoy the weather! Jim

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