With mortgage rates recently dropping to the lowest rate since September of 2022 and an abundant supply of new Fischer Homes across all price points and designs, now is one of the best times in years to buy a new construction home in the metro Atlanta area.

Doug Cohen Market President for Fischer Homes Atlanta Division, said, "With mortgage rates now at a two-year low, now is a great time to buy ahead of what will be a busy spring selling season."

The Federal Reserve's half-point federal funds rate cut last Wednesday was even larger than some economists had been predicting.

Earlier this year, a buyer with a $2,500 monthly payment could have afforded a $450,000 home. Yet with today's rates, that same payment can put a buyer in a $625,000 home.

Fischer Homes, through its affiliate partner, Victory Mortgage, is also offering complimentary three-year refinancing. If rates continue to drop, buyers will receive even lower payments without having to wait.

"Rates should not be an obstacle to buying a home," said Tara Kersting, Director of Lending at Victory Mortgage, "We are routinely seeing buyers now get into the 5% and even 4% range depending on the type of loan."

Fischer Homes anticipated the mortgage rate reduction and is prepared to meet buyer demand, said Fischer Homes President and Chief Operating Officer, Jay Smith.

"We decided to get quick move-in homes ready so that as rates dropped, we would have a supply of homes ready to meet buyer demand," Smith said. "We saw a surge of activity in August and sold three times more quick move-in homes versus this time last year. We now have more than 150 homes across all of our markets that buyers can close on and move into before the end of the year."

The overall supply of homes across the region is still significantly below where it was in 2019, and Fischer Homes is working to increase the supply of new homes for the region’s buyers.

For a complete listing of available homes in the Atlanta metro area, visit FischerHomes.com.

About Fischer Homes 

Founded in 1980, Fischer Homes has grown to build over 40,000 homes and employs over 700 Associates. Recognized as the 32nd largest builder in the U.S., the company now has more than 200 new home communities throughout Ohio, Kentucky, Indiana, Georgia, Missouri and Northwest Florida. Their beautifully designed homes offer choices for people in all stages of life and range in price from the $200s to over $1.5 million. To learn more about new Fischer Homes communities, call (855) 342-2281 or visit fischerhomes.com.