Mortgage rates have really shot upward pretty quickly/sharply since the Presidential Election results. This is primarily as a result of how the market/economy has reacted to the results (among other factors). Of course, there's no way of knowing for sure if this trend will continue, but I would continue to caution home-shoppers that it could be a very bumpy ride on mortgage rates over the coming weeks and months (or even longer). However, historically speaking, current mortgage rates are still INCREDIBLY low compared to most times throughout the history of the market, and it still remains an EXCELLENT time to buy a home! Here is a general range of current market
CURRENT AVERAGE MARKET RATES
4.0% to 4.25% (* APR 4.153% - 4.403%)
3.375% to 3.625% (* APR 3.572% - 3.822%)
4.0% to 4.375% (* APR 4.102% - 4.4.477%)
.0% to 4.375% (* APR 4.412% - 4.787%)
4.375% to 4.75% (* APR 4.475% - 4.875%)
NMLS ID: 204787
Senior Loan Officer – The Maguire Team
FIVE STAR PROFESSIONAL Industry Award Winner (as seen in “Atlanta Magazine” 8/2013)
Academy Mortgage Customer Service Award Winner – 2010, 2011, 2012, 2013
The Sanders Team Real Estate provides boutique-style personalized service to manage every detail of your home sale or purchase - from specialized market knowledge to pricing, marketing, negotiating, and closing. The Sanders Team is one of the top real estate teams in the Atlanta market. The team founders, Greg and Michelle Sanders, combined their technology and real estate experience to create a leading edge, technology savvy, and service based real estate team. The Sanders Team specializes in the Metro-Atlanta Georgia real estate market, including Woodstock, Canton, Roswell, Alpharetta, Milton, Marietta, Atlanta, Cumming, Kennesaw, Acworth, Austell, Ball Ground, Dallas, Duluth, Hiram, Holly Springs, Johns Creek, Mableton, Powder Springs, Sandy Springs, Smyrna, Union City, Waleska, and White.
The FEDERAL RESERVE decided to INCREASE the Federal Funds Rate today.
"Very responsive and ensured smoothness throughout the buy/sell process, which was completed in a period of 7 weeks. After the initial signing of the contract, I was out of the country for 3 weeks during which the Sanders Team, executed the appraisal, inspection, negotiation of the buy/sell. The team was able to successfully ensure that the closing transaction of the sell and buy happened on the same day whereby making it convenient for me move on the same day."