[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2edul48jqr8ig":3,"$fbwk2pqjjqsc7":32},{"item":4,"previous":22,"next":27},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":12,"bodyImage":13,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":20,"updatedAt":21},2,"mortgage-rates-window-of-opportunity-still-open","Buyers: Window of Opportunity Still Open","The Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last ...","","blog","https:\u002F\u002F\u002F","\u003Cimg class=\"alignright size-large wp-image-22715\" style=\"width: 183px; height: 262px;\" src=\"http:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2013\u002F09\u002Fopportunity-window-133x200.jpg\" alt=\"opportunity window\" width=\"133\" height=\"200\" \u002F>The Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last several months just on the anticipation that the Fed would announce that they would be reducing the level of bond purchases last month. When that didn’t happen, rates actually decreased (4.50 to 4.37).\r\n\r\nThat was great news for any buyer in the process of purchasing a home. However, this window of opportunity is expected to close in the very near future as most experts expect the Fed to taper the bond purchasers in December. Even Ben Bernanke, Chairman of the Fed, suggested that the Fed could still scale back the stimulus this year. He stated:\r\n\r\n\u003Ci>\"If the data confirms our basic outlook, then we could move later this year.”\u003C\u002Fi>\r\n\r\n\u003Cb>Where will mortgage rates head in 2014?\u003C\u002Fb>\r\n\r\nThe \u003Ci>Mortgage Bankers Association\u003C\u002Fi>, \u003Ci>Fannie Mae\u003C\u002Fi>, \u003Ci>Freddie Mac\u003C\u002Fi> and the \u003Ci>National Association of Realtors\u003C\u002Fi> have each projected that the 30 year fixed rate mortgage will have interest rates in excess of 5% by this time next year. The average of their four projections is 5.3%. The table below shows the impact this will have on the monthly principal and interest payment on a $250,000 mortgage:\r\n\r\n\u003Ca href=\"http:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2013\u002F09\u002FPayment.jpg\">\u003Cimg class=\"wp-image-22712 aligncenter\" src=\"http:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2013\u002F09\u002FPayment.jpg\" alt=\"Payment\" width=\"514\" height=\"171\" \u002F>\u003C\u002Fa> A buyer should take advantage of the current window of opportunity before it is too late.","http:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2013\u002F09\u002Fopportunity-window-133x200.jpg",false,[16],{"id":17,"name":18,"slug":19},35,"Mortgage Rates","mortgage-rates","2013-09-30T10:00:24Z","2014-06-12T16:28:02Z",{"id":23,"slug":24,"title":25,"featuredImage":11,"publishedAt":26,"contentType":10,"isVideo":14},1,"will-20-soon-be-the-minimum-down-payment-on-a-home","Will 20% Soon Be the Minimum Down Payment on a Home?","2013-01-23T07:00:40Z",{"id":28,"slug":29,"title":30,"featuredImage":11,"publishedAt":31,"contentType":10,"isVideo":14},3,"chicken-little-wrong-homeownership-still-american-dream","Chicken Little is Wrong: Homeownership Still the American Dream","2013-11-04T07:00:24Z",[33,36,40,44,48,52,56,60,64,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145],{"id":23,"name":34,"slug":35},"Uncategorized","uncategorized",{"id":37,"name":38,"slug":39},5,"For Buyers","buyers",{"id":41,"name":42,"slug":43},6,"For Sellers","sellers",{"id":45,"name":46,"slug":47},7,"Foreclosures","foreclosures",{"id":49,"name":50,"slug":51},8,"Infographics","infographics",{"id":53,"name":54,"slug":55},9,"Home Prices","home-prices",{"id":57,"name":58,"slug":59},11,"First-Time Buyers","first-time-buyers",{"id":61,"name":62,"slug":63},34,"Senior Market","senior-market",{"id":17,"name":18,"slug":19},{"id":66,"name":67,"slug":68},38,"Move-Up","move-up",{"id":70,"name":71,"slug":72},41,"For Sale by Owner","for-sale-by-owner",{"id":74,"name":75,"slug":76},42,"Featured","featured",{"id":78,"name":79,"slug":80},45,"New Construction","new-construction",{"id":82,"name":83,"slug":84},52,"Luxury \u002F Vacation","luxury--vacation",{"id":86,"name":87,"slug":88},53,"Rent vs. Buy","rent-vs-buy",{"id":90,"name":91,"slug":92},80,"Time-sensitive","time-sensitive",{"id":94,"name":95,"slug":96},81,"Outdated","outdated",{"id":98,"name":99,"slug":100},147,"Internal","internal",{"id":102,"name":103,"slug":104},148,"Do Not Autopost","do-not-autopost",{"id":106,"name":107,"slug":108},320,"Inventory","inventory",{"id":110,"name":111,"slug":112},321,"Agent Value","agent-value",{"id":114,"name":115,"slug":116},322,"Affordability","affordability",{"id":118,"name":119,"slug":120},323,"Buying Tips","buying-tips",{"id":122,"name":123,"slug":124},324,"Downsize","downsize",{"id":126,"name":127,"slug":128},325,"Economy","economy",{"id":130,"name":131,"slug":132},326,"Equity","equity",{"id":134,"name":135,"slug":136},327,"Forecasts","forecasts",{"id":138,"name":139,"slug":140},328,"Selling Tips","selling-tips",{"id":142,"name":143,"slug":144},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":146,"name":147,"slug":148},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]