{"id":320,"date":"2018-10-03T00:18:09","date_gmt":"2018-10-03T00:18:09","guid":{"rendered":"http:\/\/renwre.info\/2018\/10\/03\/mortgage-interest-rates-are-still-going-up-should-you-wait-to-buy\/"},"modified":"2018-10-03T00:18:09","modified_gmt":"2018-10-03T00:18:09","slug":"mortgage-interest-rates-are-still-going-up-should-you-wait-to-buy","status":"publish","type":"post","link":"http:\/\/renwre.info\/?p=320","title":{"rendered":"Mortgage Interest Rates are Still Going Up\u2026 Should You Wait to Buy?"},"content":{"rendered":"
\n

\"Mortgage<\/p>\n

Mortgage interest rates, as\u00a0reported<\/a>\u00a0by\u00a0Freddie Mac<\/em>, have increased by close to a quarter of a percent over the\u00a0last several weeks. Freddie Mac, Fannie Mae,<\/em>\u00a0the\u00a0Mortgage Bankers Association,\u00a0<\/em>and the\u00a0National Association of Realtors<\/em>\u00a0are all calling for mortgage rates to rise another quarter of a percent by next year.<\/span><\/p>\n

In addition to the predictions from the four major reporting agencies mentioned above, the Federal Open Market Committee<\/a><\/em> recently voted \u201cunanimously to approve a 1\/4 percentage point increase in the primary credit rate to 2.75 percent.\u201d<\/em> Historically, an increase in the primary credit rate has translated to an overall jump in mortgage interest rates as well.<\/p>\n

This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows.<\/p>\n

Here is a chart showing the average mortgage interest rate over the last several decades:<\/p>\n

\"Mortgage<\/a><\/p>\n

Bottom Line<\/strong><\/h3>\n

Though you may have missed the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Mortgage interest rates, as\u00a0reported\u00a0by\u00a0Freddie Mac, have increased by close to a quarter of a percent over the\u00a0last several weeks. Freddie Mac, Fannie Mae,\u00a0the\u00a0Mortgage Bankers Association,\u00a0and the\u00a0National Association of Realtors\u00a0are all calling for mortgage rates to rise another quarter of a Continue reading Mortgage Interest Rates are Still Going Up\u2026 Should You Wait to Buy?<\/span>→<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts\/320"}],"collection":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=320"}],"version-history":[{"count":0,"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts\/320\/revisions"}],"wp:attachment":[{"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=320"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}