More homes for sale, but metro Atlanta buyers still at a disadvantage

“Mortgage rates have been above 7%,” said John Ryan, chief marketing officer for Georgia MLS. “And you have to remember, that is for people with stellar credit. For other people, I’ve seen mortgage rates well over 8%.” After the average 30-year mortgage rate crested at 7.79% in October, it slid through the next several months, according to Freddie Mac, which buys mortgages in the secondary market and tracks their levels. April was the first time since early December that the average mortgage rate breached 7%. It was 7.22% at the...