So, why the sudden spike?

Lots of mortgage loan analysts and experts are scratching their heads this week wondering why we saw such a large spike in Atlanta mortgage rates in past seven days.  The honest answer is that nobody is exactly sure why.  Normally a spike of this nature in Atlanta mortgage rates is preceded by a sudden sell-off by institutional investors in bonds and a move in stocks.  However, this time round, no significant sell-off has occurred.  The other underlying reason could be that experts see home ownership and buying as in decline.  And while it is true that there was a fall off in buying and selling of homes in America in the first three months of this year, it certainly wasn’t enough to warrant seeing the level of spike in Atlanta mortgage rates we experienced this week.  So, the short answer is that nobody is exactly sure why we saw such a sudden spike in Atlanta mortgage rates this past week, but we can only hope that we see a like decline in the next seven days.