Business
Business

Home interest rates up from all-time low

By Christopher Quinn
Nov 3, 2011

Interest rates for home loans dropped a bit in early November, according to the Mortgage Bankers Association.

The average rate for 30-year fixed-rate mortgages for home loans with a balance of less than $417,0000 were hovering at 4.31 percent in late October. Rates had dropped to an all-time low of less than 4 percent for a few days in the month.

Interest rates for 15-year mortgages remained low, at about 3.6 percent.

--Christopher Quinn

About the Author

Christopher Quinn is a writer and editor who has worked for The Atlanta Journal-Constitution since 1999. He writes stories on Veterans Affairs, business including high-tech growth in metro Atlanta, Georgia's $72 billion farm economy, and he oversees assigning and editing news obituaries.

Follow Christopher Quinn on twitter
More Stories

Keep Reading

A vintage Volkswagen Beetle that looks like Herbie, the Love Bug. (Photo courtesy of iStock.)

Credit: Special

Opinion: Why do we name our cars?

Have you named your car? Many of us do. Perhaps more than half of all Americans have named at least one of their rides, one survey found.

‘Big, beautiful bill’ passage dims outlook for Georgia’s clean energy sectors

Georgia has been one of the top states for solar and electric vehicle manufacturing investment. Some warn that's at risk after passage of the "one big, beautiful bill."

Amid UPS struggles, shipper makes first-ever plans to offer buyouts to drivers

UPS said in a written statement it is navigating “an unprecedented business landscape.”

The Latest

A vintage Volkswagen Beetle that looks like Herbie, the Love Bug. (Photo courtesy of iStock.)

Credit: Special

Opinion: Why do we name our cars?

Home Depot makes $5.5B acquisition to increase business with pro contractors

Atlanta’s TNT Sports will no longer produce NBA TV programming

Featured

University System of Georgia Chancellor Sonny Perdue said joining neighboring states to form a new accreditation agency will “keep Georgia’s universities among the best in the nation." (Jason Getz/AJC)

Credit: Jason Getz/AJC

AJC ON CAMPUS

Georgia joins five Southern states to form new accreditation agency

In this edition of the AJC On Campus, Georgia is joining a movement to shake up the accreditation system that has long been the model for American higher education.

14 injured in separate boat explosions on Lake Lanier, Lake Nottely on July 4th

Flames erupted from two boats, one on Lake Lanier and another on Lake Nottely, during the Fourth of July holiday, officials said.

Atlanta leaders eye trails as part of solution to city’s traffic woes

The 535-mile expansion plan, known as Trails ATL, aims to make the city more walkable, bringing 10-minute access to trails for 95% of city residents by 2052.