Another Interest Rate Cut

Dated: October 30 2019

Views: 13

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

Eagle Ridge Market Trends

Median Sales Price Continues to RiseMarch 2020 Marietta's Eagle Ridge community median sales price = $295,000.00February 2021 median sales price = $350,000.00March 2021 median sales price = $358,000

Read More

Team ROLO Helps Buyers WIN!

East Cobb Home Under Contract Buyer are having a hard time in this cash driven sellers market.But when you work with ROLO The REALTOR® we will make sure to get you under contract and to the

Read More

Coming Soon - Midtown Park Condo

*COMING SOON*706 Charles Allen Dr Ne #4, Atlanta, GA 30308-2033, Fulton CountyLocation Location Location! This updated move-in ready floor level condo is for sale!Will be listed in about a week

Read More

Jamestown Alpharetta SOLD!

More Happy Referral ClientsA friend reached out to us about their sister being ready to make some big life changes. ROLO The REALTOR® immediately sprung to action. Although this buyer

Read More