{"id":1851,"date":"2018-11-07T16:11:08","date_gmt":"2018-11-07T21:11:08","guid":{"rendered":"http:\/\/buyershomestore.com\/?p=1851"},"modified":"2018-11-07T16:12:40","modified_gmt":"2018-11-07T21:12:40","slug":"mortgage-interest-rates-still-going-up-should-you-wait-to-buy","status":"publish","type":"post","link":"https:\/\/buyershomestore.com\/mortgage-interest-rates-still-going-up-should-you-wait-to-buy\/","title":{"rendered":"Mortgage Interest Rates are Still Going Up\u2026 Should You Wait to Buy?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1851\" class=\"elementor elementor-1851 elementor-bc-flex-widget\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-135f40d elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"135f40d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6cee4598\" data-id=\"6cee4598\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64ee7f87 elementor-widget elementor-widget-text-editor\" data-id=\"64ee7f87\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tMortgage interest rates, as\u00a0<a title=\"reported\" href=\"http:\/\/www.freddiemac.com\/pmms\/\" target=\"_blank\" rel=\"noopener noreferrer\">reported<\/a>\u00a0by\u00a0<em>Freddie Mac<\/em>, have increased by close to a quarter of a percent over the\u00a0last several weeks. <em>Freddie Mac, Fannie Mae,<\/em>\u00a0the\u00a0<em>Mortgage Bankers Association,\u00a0<\/em>and the\u00a0<em>National Association of Realtors<\/em>\u00a0are all calling for mortgage rates to rise another quarter of a percent by next year.\r\n\r\nIn addition to the predictions from the four major reporting agencies mentioned above, the <em><a title=\"Federal Open Market Committee\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20180926a1.htm\" target=\"_blank\" rel=\"noopener noreferrer\">Federal Open Market Committee<\/a><\/em> recently voted <em>\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.\r\n\r\nThis 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.\r\n\r\nHere is a chart showing the average mortgage interest rate over the last several decades:\r\n\r\n<a href=\"https:\/\/buyershomestore.com\/wp-content\/uploads\/2018\/11\/HistoricMortgageRates.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-1853 size-full\" src=\"https:\/\/buyershomestore.com\/wp-content\/uploads\/2018\/11\/HistoricMortgageRates.jpg\" alt=\"Historic Mortgage Rates\" width=\"1738\" height=\"1304\" srcset=\"https:\/\/buyershomestore.com\/wp-content\/uploads\/2018\/11\/HistoricMortgageRates.jpg 1738w, https:\/\/buyershomestore.com\/wp-content\/uploads\/2018\/11\/HistoricMortgageRates-300x225.jpg 300w, https:\/\/buyershomestore.com\/wp-content\/uploads\/2018\/11\/HistoricMortgageRates-768x576.jpg 768w, https:\/\/buyershomestore.com\/wp-content\/uploads\/2018\/11\/HistoricMortgageRates-1024x768.jpg 1024w\" sizes=\"(max-width: 1738px) 100vw, 1738px\" \/><\/a>\r\n<h3><strong>Bottom Line<\/strong><\/h3>\r\nThough 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.\r\n\r\n<em>The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.<\/em>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>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 percent by next year. In addition to the predictions from the four major reporting agencies&#8230;<\/p>\n","protected":false},"author":4,"featured_media":1852,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[146,147,156,145],"tags":[],"_links":{"self":[{"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/posts\/1851"}],"collection":[{"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/comments?post=1851"}],"version-history":[{"count":2,"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/posts\/1851\/revisions"}],"predecessor-version":[{"id":1855,"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/posts\/1851\/revisions\/1855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/media\/1852"}],"wp:attachment":[{"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/media?parent=1851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/categories?post=1851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buyershomestore.com\/wp-json\/wp\/v2\/tags?post=1851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}