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Another Interest Rate Cut
Dated: October 30 2019
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.
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