{"id":230,"date":"2018-04-24T07:00:48","date_gmt":"2018-04-24T07:00:48","guid":{"rendered":"http:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=230"},"modified":"2018-04-23T14:28:41","modified_gmt":"2018-04-23T14:28:41","slug":"are-mortgage-rates-still-skyrocketing","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2018\/04\/24\/are-mortgage-rates-still-skyrocketing\/","title":{"rendered":"Are Mortgage Rates Still Skyrocketing?"},"content":{"rendered":"<p>After a rapid rise in interest rates to start 2018, we have seen them start to stabilize. Average U.S. rates for 30-year fixed rate mortgages are currently at 4.42%. At the end of last month, they were sitting at 4.44%. While it is great to see upward momentum halt for the moment, the general forecast is for a steady continued rise over the rest of the year.<\/p>\n<p><!--more--><\/p>\n<figure id=\"attachment_231\" aria-describedby=\"caption-attachment-231\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-231\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/04\/interest-300x218.png\" alt=\"30 year fixed price mortgages have stabilized\" width=\"300\" height=\"218\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/04\/interest-300x218.png 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/04\/interest-768x559.png 768w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/04\/interest-1024x746.png 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-231\" class=\"wp-caption-text\">Mortgage rates have stabilized.<\/figcaption><\/figure>\n<p>Even with the expected rise over the rest of 2018, we will still be considerably lower than the long-term average mortgage interest rates in our country. While it\u2019s hard to believe in today\u2019s environment, the long-term average is still over 8%. When you compare monthly payments at today\u2019s rates versus the long-term average, homeowners are currently saving over $240 per month per $100,000 borrowed. That makes mortgaging today\u2019s homes considerably more affordable than historic averages.<\/p>\n<p>That said, mortgages are more expensive now than they were when the year started. The average increase in monthly payments per $100,000 borrowed with a 30-year fixed price mortgage is just over $25 per month. If you max out a conventional mortgage, that means your monthly payment will be around $115 more per month now than it would have been on January 1st.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a rapid rise in interest rates to start 2018, we have seen them start to stabilize. Average U.S. rates for 30-year fixed rate mortgages are currently at 4.42%. At the end of last month, they were sitting at 4.44%. While it is great to see upward momentum halt for the moment, the general forecast [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1],"tags":[7,12,9,16,14,15,20,19,6,17],"class_list":["post-230","post","type-post","status-publish","format-standard","hentry","category-mortgages","category-real-estate","tag-bradenton","tag-home-buying","tag-lakewood-ranch","tag-manatee-county","tag-mortgage","tag-real-estate","tag-real-estate-agent","tag-realtor","tag-sarasota","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/comments?post=230"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/230\/revisions"}],"predecessor-version":[{"id":232,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/230\/revisions\/232"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}