{"id":673,"date":"2018-10-10T07:58:52","date_gmt":"2018-10-10T11:58:52","guid":{"rendered":"http:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=673"},"modified":"2018-10-10T07:58:52","modified_gmt":"2018-10-10T11:58:52","slug":"mortgage-rates-rose-last-month","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2018\/10\/10\/mortgage-rates-rose-last-month\/","title":{"rendered":"Mortgage Rates Rose Last Month"},"content":{"rendered":"<p>We saw mortgage rates rise by 2\/10\u2019s of a percent last month. That rise will cost new borrowers an additional $12 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages are currently at 4.72%. At the end of last month, they were sitting at 4.52%. After a few months of relatively stability, the general forecast for a continued rise over the next twelve months is becoming a reality.<\/p>\n<p><!--more--><\/p>\n<figure id=\"attachment_674\" aria-describedby=\"caption-attachment-674\" style=\"width: 525px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-674\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/10\/1010pic-1024x683.jpg\" alt=\"Family happy with low mortgage rates\" width=\"525\" height=\"350\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/10\/1010pic-1024x683.jpg 1024w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/10\/1010pic-300x200.jpg 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/10\/1010pic-768x513.jpg 768w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><figcaption id=\"caption-attachment-674\" class=\"wp-caption-text\">Mortgage rates are still historically low, making it a good time to find your next home.<\/figcaption><\/figure>\n<p>Even with the expected interest rate rise over the next twelve months, 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 $220 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 $43 per month. If you max out a conventional mortgage, that means your monthly payment will be around $190 more per month now than it would have been on January 1st.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We saw mortgage rates rise by 2\/10\u2019s of a percent last month. That rise will cost new borrowers an additional $12 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages are currently at 4.72%. At the end of last month, they were sitting at 4.52%. After a few months of [&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":[16,14,15,20,17],"class_list":["post-673","post","type-post","status-publish","format-standard","hentry","category-mortgages","category-real-estate","tag-manatee-county","tag-mortgage","tag-real-estate","tag-real-estate-agent","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/673","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=673"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/673\/revisions"}],"predecessor-version":[{"id":675,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/673\/revisions\/675"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}