How are things looking now?

Having started the year very flat, the period between mid-May and early June gave a number of American homeowners cause for concern, as Atlanta mortgage rates experienced weekly rises – some of which were fairly substantial.  However, in recent weeks the scene in regard to Atlanta mortgage rates has returned back to something resembling what we were experience at the outset of this year, with marginal gains or increases week-in, week-out.  So how are we doing?  The truth is, despite the fairly bleak comments Bernanke made this week regard the housing market in the US, Atlanta mortgage rates themselves are not doing too badly, when compared to historic rates.  Bankrate.com has been tracking 30-year fixed rate mortgage rates for over 22 years and in all this time, the mean average for 30-year fixed rate mortgage rates has been 7.99 per cent.  Today’s rate of 6.82 per cent for 30-year fixed rate mortgage rates is a good percentage point lower than the long-term mean.  As such, any time we want to complain about how high Atlanta mortgage rates are at the moment, let’s keep in mind that in the grand scale of things, Atlanta mortgage rates at the moment are fairly attractive.