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

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