{"id":3314,"date":"2024-10-27T17:47:18","date_gmt":"2024-10-27T21:47:18","guid":{"rendered":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=3314"},"modified":"2024-10-27T17:47:18","modified_gmt":"2024-10-27T21:47:18","slug":"mortgage-interest-rate-update-9","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2024\/10\/27\/mortgage-interest-rate-update-9\/","title":{"rendered":"Mortgage Interest Rate Update"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2024\/10\/241027dining-room.jpg\" alt=\"\" class=\"wp-image-3315\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2024\/10\/241027dining-room.jpg 1000w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2024\/10\/241027dining-room-300x300.jpg 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2024\/10\/241027dining-room-150x150.jpg 150w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2024\/10\/241027dining-room-768x768.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>Mortgage interest rates have been trending higher over the past 30 days, leading to potentially increased costs for new borrowers of approximately $30 per month for every $100,000 borrowed. As of this week, the average U.S. interest rate for 30-year fixed-rate mortgages stands at 6.54%, up from 6.08% a month ago. However, forecasts for future interest rate changes remain mixed as the recent short-term interest rate reduction caused a spike in mortgage interest rates.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>When comparing current rates with the long-term average of 7.72%, homeowners are saving about $80 per month per $100,000 borrowed. Additionally, mortgages are now less expensive than they were a year ago. Over the past year, the average decrease in monthly payments for a $100,000 30-year fixed-rate mortgage is around $60. If you were to max out a conventional mortgage today, your monthly payment would be approximately $460 less than it would have been in October 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage interest rates have been trending higher over the past 30 days, leading to potentially increased costs for new borrowers of approximately $30 per month for every $100,000 borrowed. As of this week, the average U.S. interest rate for 30-year fixed-rate mortgages stands at 6.54%, up from 6.08% a month ago. However, forecasts for future [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,26,3,1],"tags":[12,13,16,15,20,19,17],"class_list":["post-3314","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\/3314","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=3314"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/3314\/revisions"}],"predecessor-version":[{"id":3316,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/3314\/revisions\/3316"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=3314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=3314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=3314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}