Veltre Estates, Atlanta, GA | 2775 Veltre Terrace offers a gorgeous 5 bedroom, 4.5 bathroom Marshall floorplan. This Atlanta new home has many details: hardwood floors on the main floor, 2-story foyer and breakfast room, family room, large kitchen with granite and stainless steel appliances and island, master suite located on second floor with fireplace, separate sitting area, large master bathroom and closet, full basement and more! This home could be the perfect one for you!
Here’s a current market update on behalf of Briggs Cline of Buckhead Home Loans:
Mortgage rates slid back slightly last week, as the New Year began. Some of the decline may be due to a bit more realism returning to the market. While we are seeing many signs that the economy is beginning to find some traction, we’re not seeing anything that points to a sizeable acceleration in the rate of economic growth. Of course, given the alternative, we’ll be happy to see any growth rather than a return to recession. Two of the biggest drags on the economy continue to be housing and jobs. While the unemployment rate did tick down last week, some analysts are already predicting a correction in next month’s numbers. However, Challenger, Gray and Christmas’ monthly layoff report recorded just 32,004 announced layoffs in December, the lowest level since before the recession. Perhaps, we will begin to see the labor market improving in coming months.
Friday brings us the most important economic data of the week, with both Retail Sales and Industrial Production reports due. Any better-than-expected news will likely lead to slightly higher rates.
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Here’s an interest rate update on behalf of Glenn Robinson of SunTrust Mortgage:
Right now at Parkway Villages, you can buy a new 5 bedroom, 3 bathroom Atlanta home for just $162,000. With a large lot size, approx. 2222 sq. ft. of space, open kitchen with breakfast bar, 2 car garage and much more, home 4931 Rapahoe Trail in College Park, Georgia offers a great value of large spacious home with a small price.
Home features for 4931 Rapahoe Trail,
College Park, GA 30349:
- Master Bedroom on Main
- Huge Master Closet
- Family Room
Here’s a current market update on behalf of Briggs Cline of Buckhead Home Loans:
As expected, mortgage rates were mostly unchanged last week as we rolled into the Christmas holiday. This end-of-year run up in mortgage rates has some people nervous that we are finally going to see rates climbing back to higher levels over the next few months. While we are seeing signs of a strengthening economy, we are yet to see enough economic steam being generated to actually heat up inflationary pressures to a level that would push mortgage rates too much higher in the near term. Ultimately, we will need to have both the housing and labor markets in significantly better shape before we see strong, ongoing economic growth in the United States.
This week is a fairly light week in terms of economic news, with only one major report due. Tuesday’s Consumer Confidence report is expected to show another small uptick. If this comes to pass, we might see mortgage rates moving slightly upward. However, if financial markets remain fairly calm this week, we could see rates move just slightly downward as we head into the New Year.
Here’s an interest rate update on behalf of Glenn Robinson of SunTrust Mortgage:
