Nationwide offers Georgia homeowners low rate second mortgages, home purchase loans, credit lines and refinancing with fixed or interest only options. Atlanta home values have continued to hold their value, but how long will it last? Many homeowners are not taking a chance, as they continue to set up home equity lines of credit behind their existing 1st mortgage. People like the helocs because they pay no interest each month if they do not access their credit line. If the storm arrives, then they can use their line of credit to help them weather the storm.

Atlanta Housing Still Hot with Low Mortgage Rates
By Nick Rian

Atlanta home prices getting hotter. The latest sales data from The National Association of Realtors shows the metro areas median home price rose from $168,400 during the first quarter to $173,900 during the second.

David Lereah, NAR's chief economist, says a market transition is apparent. "With more sellers competing for the pool of buyers, the pressure on home prices has evaporated in most metro areas," he said. "After a full year of double-digit gains in the national median price, the timing is right for a cooling in the rate of growth - we are presently experiencing a soft landing in the housing sector."

Home sales have also jumped up 5.3% from 245 to 252 units sold from the first to second quarter of 2006. "When you look at states with high housing costs or that have experienced a prolonged period of rapid price gains, you typically see slower home sales," says David Lereah, chief economist for the National Association of Realtors. "By contrast, states with moderately priced areas that have experienced healthy job creation are seeing sales gains - the economic backdrop remains favorable for the housing market, which is helping home sales to level out."

Most economists think rising interest rates have cooled the nationwide housing market. The prime interest rate has jumped more than one point since the beginning of the year and has now leveled off at 8.25% for three months. Georgia mortgage brokers also reported another drop in second mortgage interest rates for this period. This resulted in a slight increase in home equity loan application volumes. While Atlanta refinance application volumes dipped slightly for the same period.

According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage was 6.60 percent in the second quarter, up from 6.24 percent in the first quarter; it was 5.72 percent in the second quarter of 2005.

Georgia State Loan Updates

Lock into great Second Mortgage Loan. Get a reduced rate simple interest loan that provides fixed monthly payments.
>> Georgia Fixed Rate Second Mortgage


Are your Home Equity Credit Line Interest Rates Rising? Is your monthly credit line payment starting to grow? >> Georgia Home Equity Loan Rates

 

Preferred Loan Type
Property Type
Property Value
Credit Rating


Resource Tools

Loan Comparison Calculator
This calculator will help you to compare the total mortgage interest charges of 4 types of loans.


Free Finance Guides & Helpful Consumer Reports
Equity Credit Line Fed Tips
Consumer Guide - Rate Locks
ARM Rate Mortgage- Guide


Call 1-877-212-9478
to speak with a loan officer live

Unique Home Mortgage Programs and 1st Mortgage Refinance Products:
125 Mortgage Piggyback | 40 Year Mortgage Refinance | Option ARM Mortgage | Bad Credit Mortgage | Interest Only Mortgage | Zero Down Home Loan | Refinance Mortgages | Sub-Prime Mortgage Refinancing | Home Loan Index | Home Loan for Bad Credit | 2nd Mortgage | Purchase Loan | FHA Loan for Bad Credit | Home Loan Financing | Cheap Home Loans | Home Loans for Teachers | Texas Home Equity Loans | Why The FHA Home Loan Programs Are Safe | How Rising Home Mortgage Rates Could Affect The Housing Market | Will New FHA Mortgage Requirements Hinder Home Buying In 2014 | How Increased Mortgage Delinquencies Could Mean Higher Home Loan Rates | Mortgage Refinance Loans for Self Employed | How A Military Veteran Can Buy A Home With No Down Payment | FHA Rules For Gift Funds And Down Payments | How FHA Mortgages May Burden US Tax Payers | How FHA Financing Could Slow Housing Recovery | How to Know When to Refinance or Pre Pay Your Mortgage | Application for FHA Loan | Get Pre-Qualified for a FHA Mortgage | Down Payment Requirements on a FHA Loan | Pre-Approval Letter for a Home Loan with FHA | FHA Loan Qualification | CALHFA Down Payment Assistance for First Time Home Buyers in California | Mortgage Loans for First Time Home Buyers
Rate Assumptions | Home Equity & Mortgage Handbooks | Apply Now | Disclosures and Terms | Home Loan | About Us | Contact Us | Testimonials | Privacy | Site Map
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Nationwide is affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2010 and Beyond, Nationwide Mortgage Loans - BDnationwidemortgage.com is a website and cannot make loans. All rights reserved.