Home > Blogs > Georgia > Gwinnett County > Lawrenceville > Reasons to Buy a Home in Lawrenceville, GA; Reason #2; Mortgages Are Cheaper than Rent!

Metro Atlanta Real Estate Advisor

Resource for Buyers/Sellers in Jackson, Hall, Gwinnett, Oconee, Clarke

By Hank Bailey | Agent in 30019

Reasons to Buy a Home in Lawrenceville, GA; Reason #2; Mortgages Are Cheaper than Rent!

Today when looking at Buying in Lawrenceville, Georgia you can get a 30-year fixed rate mortgage for around 3.875-4.0%.  Please note, these are the lowest rates on record.  As in years, decades, as in EVER!!

As recently as two years ago mortgage rates were hovering in the 6.0%-6.5% range.  The net result is that your mortgage payment today would be substantially less than most rental units.  The Wall Street Journal notes in their article entitled 10 Reasons To Buy a Home, “If inflation picks up, you won’t see these mortgage rates again in your lifetime. And if we get deflation, and rates fall further, you can refi.”  I don’t think we will see them much below where they are at today.  Just like with housing prices, trust me on this one, you won’t catch a bottom on mortgage rates....

For the Complete Blog Post please visit http://lawrencevillehomestore.com/blog/.


By Aaron Mtuanwi,  Thu Nov 3 2011, 08:12
I also keep wondering why someone would be sitting on the fence at a time like this.
By Robert Cody,  Thu Nov 3 2011, 09:17
Indeed, now isn't the time for ambivalence. Lawrenceville is a beautiful, sprawling community. Loads of great homes are for sale there. People ought to start making moves.


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