Social Media Post: Mortgage Rates Drop to 7.32%

For the first time in five weeks, mortgage rates went down.

Freddie Mac's national 30-year fixed average eased to 7.32% for the week ending October 22, 2026, down from 7.40%. It is still near the highest reading since November 2023, so it is a modest move, not a turning point. On a $350,000 mortgage, it trims roughly $19 a month.

What matters more is everything around it: metro Atlanta's median sale price held flat at $387,500 in September, and inventory is at its highest level in more than a decade, about 21,000 homes for sale. About 29% of metro listings are carrying price cuts. For buyers, that is real negotiating room, especially in Cartersville and Dallas. First-time buyers should also check Georgia Dream, still at 6.750% with down payment assistance up to $10,000 (or $12,500 for teachers, nurses, and first responders).

We just published the full late-October check-in with every number sourced, county by county. If you have been waiting on the rate headlines to make a decision, let us run your real numbers before another season slips by. No pressure, just the math for your move.

Have a great day.

Mortgage rates just dipped for the first time in five weeks. Worth a read for NW Metro Atlanta buyers and sellers.

Freddie Mac's 30-year fixed average fell to 7.32% for the week ending October 22, down from 7.40%. Still near three-year highs, so think of it as a small, welcome trim, about $19 a month on a typical $350K mortgage.

The bigger story: metro median flat at $387,500, inventory at a 13-year high, and about 29% of listings cutting price. For buyers: the most negotiating room in years, especially in Bartow and Paulding. For sellers: price it for today and it will still sell.

First-time buyers: Georgia Dream is at 6.750% with up to $10K in assistance.

Full breakdown with every source is on the blog, link in bio.

Have a great day.