{"id":3032,"date":"2023-11-13T12:59:00","date_gmt":"2023-11-13T16:59:00","guid":{"rendered":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=3032"},"modified":"2023-11-13T12:59:06","modified_gmt":"2023-11-13T16:59:06","slug":"mortgage-rate-update-3","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2023\/11\/13\/mortgage-rate-update-3\/","title":{"rendered":"Mortgage Rate Update"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"687\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2023\/11\/sketch231113.jpg\" alt=\"\" class=\"wp-image-3033\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2023\/11\/sketch231113.jpg 1000w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2023\/11\/sketch231113-300x206.jpg 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2023\/11\/sketch231113-768x528.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>Mortgage interest rates have trended slightly down over the last 30 days. The recent change will save new borrowers about $5 per month for every $100,000 borrowed. Average U.S. interest rates for 30-year fixed rate mortgages were at 7.50% as of this week. Last month at this time, they were sitting at 7.57%. Recent forecasts for changes in interest rates remain mixed.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>When you compare monthly payments at today\u2019s rates versus the long-term average (7.74%), homeowners are currently saving about $16 per month per $100,000 borrowed. However, 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 $68 per month over the last year. If you max out a conventional mortgage, that means your monthly payment will be around $492 more per month now than it would have been in November of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage interest rates have trended slightly down over the last 30 days. The recent change will save new borrowers about $5 per month for every $100,000 borrowed. Average U.S. interest rates for 30-year fixed rate mortgages were at 7.50% as of this week. Last month at this time, they were sitting at 7.57%. Recent forecasts [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,3,1],"tags":[12,16,15,20,19,17],"class_list":["post-3032","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-mortgages","category-real-estate","tag-home-buying","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\/3032","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=3032"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/3032\/revisions"}],"predecessor-version":[{"id":3034,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/3032\/revisions\/3034"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=3032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=3032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=3032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}