{"id":3013,"date":"2023-10-17T10:31:49","date_gmt":"2023-10-17T14:31:49","guid":{"rendered":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=3013"},"modified":"2023-10-17T10:31:54","modified_gmt":"2023-10-17T14:31:54","slug":"mortgage-rate-trends","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2023\/10\/17\/mortgage-rate-trends\/","title":{"rendered":"Mortgage Rate Trends"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"623\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2023\/10\/housewithgraphfall.jpg\" alt=\"\" class=\"wp-image-3014\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2023\/10\/housewithgraphfall.jpg 800w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2023\/10\/housewithgraphfall-300x234.jpg 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2023\/10\/housewithgraphfall-768x598.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>Mortgage interest rates have trended up over the last 30 days. The recent change will cost new borrowers about $26 per month for every $100,000 borrowed. Average U.S. interest rates for 30-year fixed rate mortgages were at 7.57% as of this week. Last month at this time, they were sitting at 7.18%.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Recent forecasts for changes in interest rates are mixed but trending slightly higher overall. At this point, it looks like we have a good shot at crossing over the long-term historical average (7.74%) mortgage interest rate in our country before the end of 2023.&nbsp; When you compare monthly payments at today\u2019s rates versus the long-term average, homeowners are currently saving about $12 per month per $100,000 borrowed.<\/p>\n\n\n\n<p>Mortgages are more expensive now than they were last year at this time. The average increase in monthly payments per $100,000 borrowed with a 30-year fixed price mortgage is around $42 per month over the last year. If you max out a conventional mortgage, that means your monthly payment will be around $305 more per month now than it would have been in October of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage interest rates have trended up over the last 30 days. The recent change will cost new borrowers about $26 per month for every $100,000 borrowed. Average U.S. interest rates for 30-year fixed rate mortgages were at 7.57% as of this week. Last month at this time, they were sitting at 7.18%.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,26,3,1],"tags":[12,13,16,15,20,19,17],"class_list":["post-3013","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-home-selling","category-mortgages","category-real-estate","tag-home-buying","tag-home-selling","tag-manatee-county","tag-real-estate","tag-real-estate-agent","tag-realtor","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/3013","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=3013"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/3013\/revisions"}],"predecessor-version":[{"id":3015,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/3013\/revisions\/3015"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=3013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=3013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=3013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}