The Best Atlanta Mortgage Rates | What You Need to Know

When shopping for the best Atlanta mortgage rates you must be on the ball.  Mortgage rates can, and will, change constantly…daily…sometimes twice or three times daily! It’s important that you know where to look to ensure that you’re ahead of rate trends and get a good deal when shopping for a mortgage loan.

Here are some things that you can do to make sure that you find the best rate:

  • Frequent an up-to-date website for Atlanta mortgage rates
  • Watch the nightly financial broadcasts
  • Use an online calculator
  • Read Financial News and up-to-date Blogs
  • Ensure That You’re Getting the Right Info by comparing what you’re reading

What About the Fed Funds Rate?

It’s important to remember that just because the Federal Fund rates are set by the Federal Reserve, that doesn’t necessarily mean that it will affect the current mortgage rates in Atlanta directly when the Fed lowers rates.  This is mainly because your mortgage is determined by mortgage-backed securities, or MBS, and are traded or sold much like stocks and bonds.  Supply and Demand plays a large role in this.  If investor demand for mortgage-backed securities is high, is can cause an increase in rates.

It’s Basically Supply and Demand

Demand for a certain products will affect that particular products value, and mortgage rates are the same.  Trying to determine what the mortgage rate will be in the future is the same as trying to decide which stock to purchase, or what to sell.  While some government policies can have an effect on Atlanta mortgage rates, it’s important to know what you should be looking for.  A good mortgage company will have all of the up-to-date information that you will need when shopping for the best interest rates, and be able to answer questions that you have about fees and mortgages in general.

For more information about current mortgage rates in Atlanta please fill out our free personalized online interest rate request form and get started on your new mortgage loan today!