Another Interest Rate Cut

Dated: October 30 2019

Views: 39

3rd Cut in a Row by Fed

The central bank lowered the benchmark interest rate a quarter of a percentage point to a range of 1.5 percent to 1.75 percent. - Washington Post Article 

This new round of federal interest rate cuts will have a significant effect on the cost of borrowing money. 

30 Year Fixed Mortgage Rate approximately 3.750% - Wells Fargo Source 

Borrowers will benefit from a reduction on the cost to borrow. Jumbo lending programs will become less costly. - BankRate Article

30 Year Fixed Jumbo Rate approximately 3.625% - Wells Fargo Source 

BUYERS - Don't wait to the point of getting prices out of a neighborhood you want to be in. Take advantage of these historically low rates. Stop throwing your money away on rent and start building equity towards your future. 

SELLERS - There is still record low inventory in most of Metro Atlanta. Record number of buyers looking year round. Atlanta and Metro Atlanta is the perfect housing marketplace. It's definitely house selling season year round in the ATL. At least for now. Don't delay. 

Proud members of the Cobb Board of REALTORS®

Curious about the market or the value of your property? Check it here ---> Property Value Report

Blog author image

ROLO The REALTOR®

We understand that buying or selling a home is more than just a transaction: it's a life-changing experience. That's why our team of highly-seasoned real estate professionals are dedicated to providi....

Latest Blog Posts

SOLD - Poor Customer Service? CALL ROLO!

1.3 Acres in Silver Creek with Ranch HomeWhat a blessing having two worlds collide. Our music and work life have intersected in a really cool way. As a hobby, ROLO The REALTOR™ plays

Read More

New Listing - Mountainside Brick Ranch 4 Sale

The Height of Good TasteEager to move up in this world? At 1200 feet above sea level, practically on top of Blackjack Mountain, this immaculate ranch-style home meets the brief. It radiates style

Read More

*COMING SOON* - Mountainside Marietta Home

One Level Brick Ranch with ViewsNot yet on market. You have the inside scoop. Tell your loved one you found them the perfect mountain top one level ranch style home. Click any of the

Read More

SOLD - VA Loan WINS in Multiple Offer Battle

Team ROLO Backs Buyer With CASHIt's that simple. To win in this competitive Metro Atlanta real estate market you have to be willing and able to outcompete in a multiple offer situation. 

Read More