Atlanta Mortgage Rate Trends for the week 11/06/2006

While changes may have been in wind elsewhere across America this week, little or no changes were seen in Atlanta mortgage rates.  According to Bankrate.com’s national survey of large lenders, all Atlanta mortgage rates recorded a fairly flat week, with 5-year adjustable rate mortgage rates seeing the biggest climb from last weeks 5.54% to this week’s 5.57%.  15-year fixed rate mortgage rates saw a 2 basis point jump week-on-week, from last week’s 5.50% to this week’s 5.52% and 30-year fixed rate mortgage rates recorded the lowest rise of a mere one basis point week-on-week to this week’s 5.80% from last’s 5.79%.  Nonetheless, coming on the back of last week’s massive drop in cross the board Atlanta mortgage rates, American homeowners will no doubt be more concerned reading about the winds of change in Washington this week than in this week’s minimal changes in home mortgage rates.