{"id":704,"date":"2018-11-06T18:09:52","date_gmt":"2018-11-06T22:09:52","guid":{"rendered":"http:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=704"},"modified":"2018-11-06T18:09:52","modified_gmt":"2018-11-06T22:09:52","slug":"mortgage-rates-keep-climbing-higher","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2018\/11\/06\/mortgage-rates-keep-climbing-higher\/","title":{"rendered":"Mortgage Rates Keep Climbing Higher"},"content":{"rendered":"

We saw mortgage rates rise again last month. The most recent rise will cost new borrowers an additional $8.50 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages are currently at 4.86%. At the end of last month, they were sitting at 4.72%. After a few months of relatively stability, the general forecast for a continued rise over the next twelve months is steadily becoming a reality.<\/p>\n

\"house<\/p>\n

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 $210 per month per $100,000 borrowed. That makes mortgaging today\u2019s homes considerably more affordable than historic averages.<\/p>\n

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 $51 per month. If you max out a conventional mortgage, that means your monthly payment will be around $233 more per month now than it would have been on January 1st.<\/p>\n","protected":false},"excerpt":{"rendered":"

We saw mortgage rates rise again last month. The most recent rise will cost new borrowers an additional $8.50 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages are currently at 4.86%. At the end of last month, they were sitting at 4.72%. After a few months of relatively stability, […]<\/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":[16,14,15,20,19,17],"class_list":["post-704","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-home-selling","category-mortgages","category-real-estate","tag-manatee-county","tag-mortgage","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\/704","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=704"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/704\/revisions"}],"predecessor-version":[{"id":706,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/704\/revisions\/706"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}