Fixed rate mortgage rates?

Although the first part of this year saw Atlanta mortgage rates moving within a very narrow range, increases in Atlanta mortgage rates over the past two week may well have many Atlanta homeowners with adjustable rate mortgages wondering whether or not it is not too late to swap their adjustable rate mortgages for fixed rate mortgages.  With US economy indicators suggesting the economy is growing slower than hoped, and with the Federal Reserve showing no signs that it is about to reduce interest rates, many analysts are now predicting that in the remainder of 2007 Atlanta mortgage rates are going one way – up!  A question arises then as to whether now would be a good time to jump ship and move into fixed rate mortgages.  The fact is, six weeks ago might have been a more ideal time to think of moving out of an adjustable rate mortgage and into a fixed rate mortgage.  However, if you believe that there are some real savings to be made by moving into a fixed rate mortgage today, then this would certainly be something worthy of consideration.  Nevertheless, there are a number of additional factors you would need to consider when deciding whether or not to have a fixed rate Atlanta mortgage rate or an adjustable rate Atlanta mortgage rate beyond the mere headline rates shown from Bankrate.com’s national survey of large lenders. Despite this, nine increases in eleven weeks do evidence more than a mere trend, so if you are thinking about converting to a fixed rate mortgage, you may not wish to think about it for too much longer.