[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f8rpc1lr3hj8a":3,"$fbwk2pqjjqsc7":33},{"item":4,"previous":23,"next":28},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":21,"updatedAt":22},112,"where-are-mortgage-rates-headed-3","Where Are Mortgage Rates Headed?","\r\n\r\nThe interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until...","","blog","https:\u002F\u002F\u002F","\u003Cimg class=\"alignnone wp-image-32999\" src=\"https:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2014\u002F08\u002F8.21-Blog-Visual-2.jpg\" alt=\"Where are Mortgage Rates Headed? | Keeping Current Matters\" width=\"550\" height=\"374\" \u002F>\r\n\r\nThe interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year.\r\n\r\nAccording to a \u003Ca href=\"http:\u002F\u002Fwww.kiplinger.com\u002Ftool\u002Fbusiness\u002FT019-S000-kiplinger-s-economic-outlooks\u002F#ir\">recent article\u003C\u002Fa> in \u003Cem>Kiplinger\u003C\u002Fem>, 30 year mortgage rates are about to increase:\r\n\u003Cblockquote>\u003Cem> “Now around 4.1%, rates will edge slowly toward 4.4% by the end of this year. Then they’ll follow the Treasury bond rate’s upward move in early 2015. Thirty-year home loans should end 2015 at around 5.1%, still low by historical standards.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nHere is a graph created by using interest rate projections in \u003Cem>Freddie Mac\u003C\u002Fem>’s \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Ffinance\u002Fpdf\u002FAugust_2014_public_outlook.pdf\">August 2014 U.S. Economic & Housing Market Outlook\u003C\u002Fa>:\r\n\r\n\u003Ca href=\"https:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2014\u002F08\u002F8.21-Blog-Visual.jpg\">\u003Cimg class=\"alignnone wp-image-33000\" src=\"https:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2014\u002F08\u002F8.21-Blog-Visual.jpg\" alt=\"Where are Mortgage Rates Headed? | Keeping Current Matters\" width=\"550\" height=\"413\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>How will this impact a mortgage payment?\u003C\u002Fstrong>\u003C\u002Fh3>\r\n\u003Ca href=\"http:\u002F\u002Fwww.zillow.com\u002Fresearch\u002Fcosts-of-rising-interest-rates-7287\u002F\">Research\u003C\u002Fa> released this month by \u003Cem>Zillow\u003C\u002Fem> reveals:\r\n\u003Cblockquote>\u003Cem>“We examined how a 1 percentage point rise in mortgage rates would impact monthly payments for the typical home in 35 metro areas, and found that the difference this year versus next year varies dramatically from market to market. In the San Jose\u002FSilicon Valley area, for example, potential buyers should expect to see a \u003Cstrong>monthly payment increase of more than $700\u003C\u002Fstrong> if they waited a year to buy the same home they were considering today. By contrast, in St. Louis, the difference is only \u003Cstrong>$65 per month\u003C\u002Fstrong>.” \u003C\u002Fem>(emphasis added)\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nAgain, we turn to the Zillow research:\r\n\u003Cblockquote>\u003Cem>“As rates rise, new home buyers will confront higher financing costs and monthly mortgage payments. For many, this will mean tightening their budgets and sacrificing some luxuries they may take for granted today.”\u003C\u002Fem>\u003C\u002Fblockquote>","\r\nAgain, we turn to the Zillow research:\r\n\u003Cblockquote>\u003Cem>“As rates rise, new home buyers will confront higher financing costs and monthly mortgage payments. For many, this will mean tightening their budgets and sacrificing some luxuries they may take for granted today.”\u003C\u002Fem>\u003C\u002Fblockquote>","https:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2014\u002F08\u002F8.21-Blog-Visual-2.jpg",false,[17],{"id":18,"name":19,"slug":20},35,"Mortgage Rates","mortgage-rates","2014-08-21T10:00:45Z","2014-08-21T13:58:22Z",{"id":24,"slug":25,"title":26,"featuredImage":11,"publishedAt":27,"contentType":10,"isVideo":15},111,"still-a-great-time-to-buy-a-homebut-hurry","Still a Great Time to Buy a Home…but HURRY!!","2014-08-20T10:00:08Z",{"id":29,"slug":30,"title":31,"featuredImage":11,"publishedAt":32,"contentType":10,"isVideo":15},113,"national-foreclosure-inventory-infographic","National Foreclosure Inventory [INFOGRAPHIC]","2014-08-22T10:00:50Z",[34,38,42,46,50,54,58,62,66,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147],{"id":35,"name":36,"slug":37},1,"Uncategorized","uncategorized",{"id":39,"name":40,"slug":41},5,"For Buyers","buyers",{"id":43,"name":44,"slug":45},6,"For Sellers","sellers",{"id":47,"name":48,"slug":49},7,"Foreclosures","foreclosures",{"id":51,"name":52,"slug":53},8,"Infographics","infographics",{"id":55,"name":56,"slug":57},9,"Home Prices","home-prices",{"id":59,"name":60,"slug":61},11,"First-Time Buyers","first-time-buyers",{"id":63,"name":64,"slug":65},34,"Senior Market","senior-market",{"id":18,"name":19,"slug":20},{"id":68,"name":69,"slug":70},38,"Move-Up","move-up",{"id":72,"name":73,"slug":74},41,"For Sale by Owner","for-sale-by-owner",{"id":76,"name":77,"slug":78},42,"Featured","featured",{"id":80,"name":81,"slug":82},45,"New Construction","new-construction",{"id":84,"name":85,"slug":86},52,"Luxury \u002F Vacation","luxury--vacation",{"id":88,"name":89,"slug":90},53,"Rent vs. Buy","rent-vs-buy",{"id":92,"name":93,"slug":94},80,"Time-sensitive","time-sensitive",{"id":96,"name":97,"slug":98},81,"Outdated","outdated",{"id":100,"name":101,"slug":102},147,"Internal","internal",{"id":104,"name":105,"slug":106},148,"Do Not Autopost","do-not-autopost",{"id":108,"name":109,"slug":110},320,"Inventory","inventory",{"id":112,"name":113,"slug":114},321,"Agent Value","agent-value",{"id":116,"name":117,"slug":118},322,"Affordability","affordability",{"id":120,"name":121,"slug":122},323,"Buying Tips","buying-tips",{"id":124,"name":125,"slug":126},324,"Downsize","downsize",{"id":128,"name":129,"slug":130},325,"Economy","economy",{"id":132,"name":133,"slug":134},326,"Equity","equity",{"id":136,"name":137,"slug":138},327,"Forecasts","forecasts",{"id":140,"name":141,"slug":142},328,"Selling Tips","selling-tips",{"id":144,"name":145,"slug":146},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":148,"name":149,"slug":150},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]