[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$frrigdbjjjga":3,"$ffeh0925h8cuz":46,"$fbwk2pqjjqsc7":50},{"item":4,"previous":34,"next":40},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":32,"updatedAt":33},1091,"why-have-interest-rates-jumped-to-a-7-year-high","Why Have Interest Rates Jumped to a 7-Year High?","Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\">according\u003C\u002Fa> to \u003Cem>Freddie Mac\u003C\u002Fem>. The current pace of acceleration has been fueled by many factors.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F22141805\u002F20180523-Share-STM.jpg","Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\">according\u003C\u002Fa> to \u003Cem>Freddie Mac\u003C\u002Fem>. The current pace of acceleration has been fueled by many factors.\u003C!--more-->\r\n\r\nSam Khater, \u003Cem>Freddie Mac’s Chief Economist,\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwtop.com\u002Fbusiness-finance\u002F2018\u002F05\u002Fmortgage-rates-hit-seven-year-high\u002F\">had this to say\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Healthy consumer spending and higher commodity prices spooked bond markets and led to higher mortgage rates over the past week.\u003C\u002Fem>\r\n\r\n\u003Cstrong>\u003Cem>Not only are buyers facing higher borrowing costs, gas prices are currently at four-year highs just as we enter the important peak home sales season.”\u003C\u002Fem> \u003C\u002Fstrong>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>But what do gas prices have to do with interest rates?\u003C\u002Fstrong>\u003C\u002Fh4>\r\n\u003Cem>Investopedia\u003C\u002Fem> explains the \u003Ca href=\"https:\u002F\u002Fwww.investopedia.com\u002Fask\u002Fanswers\u002F06\u002Foilpricesinflation.asp\">relationship\u003C\u002Fa> like this:\r\n\u003Cblockquote>\u003Cem>“The price of oil and inflation are often seen as being connected in a cause-and-effect relationship. \u003Cstrong>As oil prices move up\u003C\u002Fstrong> or down, \u003Cstrong>inflation follows in the same direction\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nYou may have noticed that filling your gas tank has become substantially more expensive in recent months. The \u003Ca href=\"http:\u002F\u002Fwww.newsweek.com\u002Fhow-much-will-gas-go-3-gallon-and-rising-fuel-costs-may-influence-holiday-937903\">average national gas price\u003C\u002Fa> has climbed nearly $0.50 from the beginning of the year, leading to the highest price for Memorial Day weekend since 2014.\r\n\r\nAs rates go up, your purchasing power goes down, but don’t worry; rates are still well below the averages we’ve seen over the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F11\u002F14\u002Fmortgage-interest-rates-are-going-up-should-i-wait-to-buy\u002F\">last four decades\u003C\u002Fa>.\r\n\u003Cblockquote>\u003Cem>“Freddie Mac said this year’s higher rates have not yet caused much of a ripple in the strong demand levels for buying a home seen in most markets, but inflationary pressures and the prospect of rates approaching 5 percent could begin to hit the psyche of some prospective buyers.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nBuying sooner rather than later will help lock in a lower rate than waiting, as the experts believe rates will continue to climb. Even a small increase in interest rates can have a big impact on your monthly housing cost.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are planning on buying a home this year, keep an eye on gas prices the next time you’re at the pump. If you start to feel a big jump in price, know that rates are probably on their way up, too.","\r\nIf you are planning on buying a home this year, keep an eye on gas prices the next time you’re at the pump. If you start to feel a big jump in price, know that rates are probably on their way up, too.",false,[16,20,24,28],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},35,"Mortgage Rates","mortgage-rates",{"id":29,"name":30,"slug":31},38,"Move-Up","move-up","2018-05-23T10:00:43Z","2018-07-11T11:40:45Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":14},1090,"how-current-interest-rates-can-have-a-high-impact-on-your-purchasing-power","How Current Interest Rates Can Have a High Impact on Your Purchasing Power","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F09114830\u002F20180522-Share-STM.jpg","2018-05-22T10:00:44Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":14},1092,"selling-your-house-on-your-own-could-cost-you","Selling Your House on Your Own Could Cost You","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F21141046\u002F20180524-Share-STM.jpg","2018-05-24T10:00:58Z",{"cover":47,"open":48,"shareSpread":49},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[51,55,56,60,64,68,72,73,77,78,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":52,"name":53,"slug":54},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":57,"name":58,"slug":59},6,"For Sellers","sellers",{"id":61,"name":62,"slug":63},7,"Foreclosures","foreclosures",{"id":65,"name":66,"slug":67},8,"Infographics","infographics",{"id":69,"name":70,"slug":71},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":74,"name":75,"slug":76},34,"Senior Market","senior-market",{"id":25,"name":26,"slug":27},{"id":29,"name":30,"slug":31},{"id":80,"name":81,"slug":82},41,"For Sale by Owner","for-sale-by-owner",{"id":84,"name":85,"slug":86},42,"Featured","featured",{"id":88,"name":89,"slug":90},45,"New Construction","new-construction",{"id":92,"name":93,"slug":94},52,"Luxury \u002F Vacation","luxury--vacation",{"id":96,"name":97,"slug":98},53,"Rent vs. Buy","rent-vs-buy",{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]