Current Georgia Mortgage Rates
Average market rates for December 04, 2025 in Georgia are 6.19% for 30-year fixed purchase and 6.30% for 30-year fixed refinance
| Product | Rate | APR |
|---|---|---|
| 30-year Fixed Purchase | 6.19% | 6.21% |
| 30-year Fixed Refinance | 6.30% | 6.32% |
Mortgage Rate Trends in Georgia
| Product | Rate | APR |
|---|---|---|
| 30-year Fixed Purchase | 6.19% | 6.21% |
| 30-year Fixed Refinance | 6.30% | 6.32% |
The Peach State tends to have higher-than-average mortgage rates, but not by much. Official data shows the average rate in the state in 2023 was 7.02%. That compares with a national average of 6.97%.
There could be several reasons for that, but one is likely credit scores. Georgians have on average lower scores than most Americans.
Equifax found in March 2024 that the average score in Georgia was 686 while the nationwide average was 705. Georgia tied for fourth place with Texas for the states with the lowest scores in the country.
The good news is that lenders issue rates based on individual scores, not state credit scores. If your score is higher than the state average, you can get a better-than-average rate.
And you can do even better if you comparison shop among different lenders. A federal regulator says, “Mortgage data shows that borrowers could save $100 a month (or more) by choosing cheaper lenders.” So, be sure to get quotes from multiple lenders before you commit to your next mortgage or refinance.
Georgia Purchase Rates
| Product | Rate | APR |
|---|---|---|
| 15-year Fixed Purchase | 5.31% | 5.36% |
| 15-year Fixed Jumbo Purchase | 6.17% | 6.20% |
| 30-year Fixed Purchase | 6.19% | 6.21% |
| 30-year Fixed Jumbo Purchase | 6.81% | 6.82% |
Georgia Refinance Rates
| Product | Rate | APR |
|---|---|---|
| 15-year Fixed Refinance | 5.31% | 5.35% |
| 15-year Fixed Jumbo Refinance | 6.16% | 6.18% |
| 30-year Fixed Refinance | 6.30% | 6.32% |
| 30-year Fixed Jumbo Refinance | 6.83% | 6.85% |
Georgia ARM Rates
| Product | Rate | APR |
|---|---|---|
| 5/6 Arm (purchase) | 6.03% | 6.07% |
| 5/6 Arm (refinance) | 6.04% | 6.07% |
| 5/6 Jumbo Arm (purchase) | 5.87% | 5.88% |
| 5/6 Jumbo Arm (refinance) | 5.89% | 5.90% |
How we source rates and rate trends
Georgia real estate trends
Home price trends
According to Realtor.com, the median listing price in Georgia was $389,900 in November 2024. That compares with $416,880 nationally. Homes are a comparatively great deal in the state.
Home prices rose by 2.3% in the 12 months leading up to Oct. 31, 2024. That’s slightly above inflation of 1.9% for the Atlanta-Sandy Springs-Roswell area over that same period.
Property markets across the state are not all the same. Some will have seen bigger-than-average rises in home prices and others smaller. Indeed, some might have seen those prices fall. So try to track changes in your neighborhood, county or city.
Top 10 Metros in Georgia with the Fastest Growing Sales Price
Following are the top 10 appreciating markets in Georgia according to Redfin.
- Decatur, GA 43.5%
- Griffin, GA 33.2%
- Johns Creek, GA 27.4%
- Dunwoody, GA 22.0%
- Rome, GA 21.6%
- Skidaway Island, GA 20.9%
- Sandy Springs, GA 18.8%
- Gainesville, GA 17.9%
- Alpharetta, GA 15.9%
- Martinez, GA 13.1%
With home prices booming so much in the hot areas, it does seem likely that they’ll have fallen in cold spots.
Most Common Mortgage Types in Georgia
- Conventional: 96,813 loans
- FHA: 27,796 loans
- USDA: 1,885 loans
- VA: 18,926 loans
Sales environment
Redfin says the number of homes listed for sale jumped 4.2% over the year ending on Oct. 31, 2024. So, first-time buyers and others may have a better selection of properties to choose from.
And the amount of time it took to sell stretched to 51 days — up 17 from a year earlier. After more than seven weeks on the markets, owners may be more amenable to offers than they are when homes are being quickly snapped up.
Still, home sales increased overall. They were up 2.3% during that year-over-year period. That’s not bad but it does suggest that the statewide momentum is weak. Unless, that is, you live in Decatur, Griffin or another hot spot.
Home equity
Let’s examine Georgians’ home equity. But, first, we need to define terms.
Home equity is the current market value minus the loan. For example, if your house is worth $300,000 and you owe $250,000, you have $50,000 in equity. How much equity you have is vital when deciding whether to take a cash-out refinance. And the same goes for second mortgages, such as a home equity loan or home equity line of credit (HELOC).
You normally won’t be able to tap all your equity with any of those. But the amount you have will help determine the amount you can borrow.
Equity is also critical to deciding when to refinance your FHA or USDA loan to a conventional one so you can rid yourself of mortgage insurance.
CoreLogic reckons, “For the third quarter of 2024, the average U.S. homeowner gained approximately $5,700 in equity during the past year.” However, equity in Georgia rose by $4,000.
That doesn’t sound great. But homeowners in neighboring South Carolina gained only $1,000. And those in some states made big losses: down $34,000 in Hawaii, $17,000 in Colorado and $13,000 in Idaho.
Some homeowners in Georgia struggle with negative equity, which is when you owe more than the home is worth (“underwater”).
CoreLogic says that 1.8% of the homes in the Peach State have negative equity, which it regards as moderate. Neighboring Alabama has a 2.4% share while Louisiana’s is 5.6%.
Top Purchase Lenders in Georgia by Volume
- Rocket Mortgage, LLC: 7,569 loans
- Homestar Financial Corporation: 6,009 loans
- Ameris Bank: 5,298 loans
- Fairway Independent Mortgage Corporation: 4,967 loans
- Mortgage Research Center, LLC: 4,791 loans
- Broker Solutions, Inc.: 4,408 loans
- Everett Financial, Inc.: 3,872 loans
- Banksouth Mortgage Company, LLC: 2,893 loans
- Movement Mortgage, LLC: 2,765 loans
- DHI Mortgage Company, Ltd.: 2,708 loans
Top Refinance Lenders in Georgia by Volume
- Rocket Mortgage, LLC: 2,104 loans
- Pennymac Loan Services, LLC: 1,129 loans
- Truist Bank: 1,059 loans
- Synovus Bank: 1,006 loans
- Wells Fargo Bank: 842 loans
- United Community Bank: 822 loans
- Nationstar Mortgage LLC: 707 loans
- Milend, Inc.: 667 loans
- PNC Bank: 662 loans
- Bank Of America: 658 loans
Top Cash-Out Refinance Lenders in Georgia by Volume
- Rocket Mortgage, LLC: 13,478 loans
- Loandepot.com, LLC: 2,949 loans
- Nationstar Mortgage LLC: 2,935 loans
- Freedom Mortgage Corporation: 2,463 loans
- Pennymac Loan Services, LLC: 2,369 loans
- Wells Fargo Bank: 2,096 loans
- Amerisave Mortgage Corporation: 1,449 loans
- Newrez LLC: 1,119 loans
- Carrington Mortgage Services, LLC: 1,021 loans
- Navy Federal Credit Union: 1,002 loans
Housing prices in Georgia
The Peach State offers a low cost of living which makes it an appealing place to live for young professionals, families, and retirees alike. Home prices in Georgia are lower than the national average and it is ranked highly for its economic outlook (currently 11th in the country).
Here’s a breakdown of prices of different types of homes and different cities, according to Redfin.
The median sales prices by property type are around:
- $386,500 for a single-family home
- $368,500 for a townhouse
- $311,500 for a condo/co-op
The median sales price in some of Georgia’s larger cities are:
- Atlanta – $419,500
- Augusta – $211,250
- Columbus – $225,000
- Savannah – $340,800
The market in Georgia continues to be sturdy due to a combination of limited supply and high demand. According to Florida Atlantic University, Georgia is one of the most overpriced housing markets in the country, with Atlanta almost topping the list.
Closing costs in Georgia
In the Peach State and nationwide, closing costs (sometimes called settlement costs), are usually between 2% and 5% of the loan’s value. They are the final expenses needed in a real estate transaction, and the buyer generally pays closing costs out of pocket.
If however, you paid earnest money (a deposit that a buyer pays to a vendor to show they are serious about buying the property), this amount will be deducted from the buyer’s closing costs. And that will reduce the total amount owed at closing. Earnest money is usually between 1-3% of the property’s price.
Here are some of the closing costs paid for by the buyer:
- Application fee
- Origination or underwriting fee
- Recording fee
- Appraisal fee
- Credit report fee
- Title services
- PMI premium
- Survey fee
- Attorney costs or closing fees
- Title insurance premium
The purchaser may also have to pay pro-rata any property taxes and homeowners’ association fees that have already been paid by the seller.
Tax bills in Georgia are usually issued in the fall, so buyers who close on their home in the spring or summer will have to pay the next demand when it is issued.
