{"id":810,"date":"2019-01-07T12:41:37","date_gmt":"2019-01-07T16:41:37","guid":{"rendered":"http:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=810"},"modified":"2019-01-07T12:41:37","modified_gmt":"2019-01-07T16:41:37","slug":"mortgage-rates-have-dropped-again","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2019\/01\/07\/mortgage-rates-have-dropped-again\/","title":{"rendered":"Mortgage Rates Have Dropped Again!"},"content":{"rendered":"<p>We saw mortgage rates drop significantly last month. The most recent decrease will save new borrowers an additional $15.61 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.55% at the end of December (and are even a little lower as I am writing this). At the end of November, they were sitting at 4.81%. We are continuing to see a bit of a zig zag approach to the market with a few months of rising rates followed by a month or two of decline.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-811\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2019\/01\/Janhouse1-1024x683.jpg\" alt=\"Example of a FL home\" width=\"525\" height=\"350\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2019\/01\/Janhouse1-1024x683.jpg 1024w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2019\/01\/Janhouse1-300x200.jpg 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2019\/01\/Janhouse1-768x512.jpg 768w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><!--more-->Last month at this time, we were continuing to expect interest rates to generally rise over the next twelve months. Now, we aren\u2019t so certain. Quite frankly, a good case can be made for rates staying relatively flat for the next year. Regardless, 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 about $230 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 last year at this time. The average increase in monthly payments per $100,000 borrowed with a 30-year fixed price mortgage is around $23 per month. If you max out a conventional mortgage, that means your monthly payment will be around $114 more per month now than it would have been in January of 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We saw mortgage rates drop significantly last month. The most recent decrease will save new borrowers an additional $15.61 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.55% at the end of December (and are even a little lower as I am writing this). At the end [&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":[9,16,14,15,20,19,17],"class_list":["post-810","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-home-selling","category-mortgages","category-real-estate","tag-lakewood-ranch","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\/810","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=810"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/810\/revisions"}],"predecessor-version":[{"id":812,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/810\/revisions\/812"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}