Social Media Post: Are Mortgage Rates Finally Falling?

Are mortgage rates finally falling? Not yet, honestly. The national 30-year fixed average sat near 6.66% during the first week of September, and most daily rate trackers pushed into the 6.70% to 6.74% range. In Georgia, lender-quoted 30-year fixed rates ran a bit higher, near 6.875%.

Here is what we keep telling families: rates are only half the story. A calmer, more balanced market with rising inventory and real room to negotiate can do more for your bottom line thanthe difference of a few basis points you cannot control.

First-time buyers should absolutely ask their lender about Georgia's Georgia Dream First Mortgage, which was posting a 30-year fixed rate near 5.875% as of its latest rate sheet. That gap versus market rates can change the affordability math for those who qualify.

For sellers, the takeaway is clear: price it right from day one, plan for a longer timeline,and present your home beautifully. Homes that do those three things are still finding buyers.

We break down what current rates,thenewest metro data,and each of the seven cities we serve mean for your next move in our latest article. Read it at the link below,or call us to talk through your situation.

Have a great day.

Are mortgage rates finally falling? Not yet, honestly. The national 30-year fixed average steadied near 6.66% to 6.74% as September began,and Georgia lender quotes ran near 6.875%.

But rates are only half the story. Metro Atlanta's July data shows median prices holding roughly flat,closed sales easing,and homes taking longer to sell. Buyers have more choices and more room to negotiate than they have had in years.

First-time buyers: ask your lender about Georgia's Georgia Dream program,which was posting a 30-year fixed rate near 5.875%. An eligible buyer could change the whole affordability math.

Whether you are buying or selling,a stable-rate,balanced market rewards preparation,patience,and good information. Our new article breaks down what it all means for NW Metro Atlanta. Link in bio or visit the blog to read it.

Have a great day.