[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1qg6xxq6wpr9v":3,"$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":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":33,"updatedAt":33},1666,"mortgage-rates-hit-record-lows-for-three-consecutive-weeks","Mortgage Rates Hit Record Lows for Three Consecutive Weeks","Over the past several weeks, \u003Cem>Freddie Mac\u003C\u002Fem> has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Fpmms_archives.html\">3.03%\u003C\u002Fa>. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 \u003Cem>(See graph below\u003C\u002Fem>):","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F07\u002F14170258\u002F20200715-KCM-Share.jpg","Over the past several weeks, \u003Cem>Freddie Mac\u003C\u002Fem> has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Fpmms_archives.html\">3.03%\u003C\u002Fa>. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 \u003Cem>(See graph below\u003C\u002Fem>):\u003C!--more-->\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F07\u002F20200715-MEM-Eng-1.jpg\">\r\n\u003Cimg class=\"aligncenter wp-image-42671\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F07\u002F20200715-MEM-Eng-1.jpg\" alt=\"Mortgage Rates Hit Record Lows for Three Consecutive Weeks | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>What does this mean for buyers?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThis is huge for homebuyers. Those currently taking advantage of the increasing \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F07\u002F07\u002Ftaking-advantage-of-homebuying-affordability-in-todays-market\u002F\">affordability\u003C\u002Fa> that comes with historically low interest rates are winning big. According to Sam Khater, \u003Cem>Chief Economist\u003C\u002Fem> at \u003Cem>Freddie Mac:\u003C\u002Fem>\r\n\u003Cblockquote>\u003Cem>“The summer is heating up as record low mortgage rates continue to spur homebuyer demand.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nIn addition, \u003Cem>move.com\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fnews.move.com\u002F2020-07-09-Realtor-com-R-Weekly-Recovery-Report-Record-Breaking-Traffic-Signals-Summer-Buying-Season-is-Here\">notes\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Summer home buying season is off to a roaring start. As buyers flooded into the market, realtor.com\u003Cstrong>\u003Csup>®\u003C\u002Fsup>\u003C\u002Fstrong> monthly traffic hit an all-time high of 86 million unique users in June 2020, breaking May's record of 85 million unique users. Realtor.com\u003Cstrong>\u003Csup>®\u003C\u002Fsup>\u003C\u002Fstrong> daily traffic also hit its highest level ever of 7 million unique users on June 25, signaling that despite the global pandemic buyers are ready to make a purchase.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nClearly, buyers are capitalizing on today’s low rates. As shown in the chart below, the average monthly mortgage payment decreases significantly when rates are as low as they are today.\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F07\u002F20200715-MEM-Eng-2.jpg\">\u003Cimg class=\"aligncenter wp-image-42670\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F07\u002F20200715-MEM-Eng-2.jpg\" alt=\"Mortgage Rates Hit Record Lows for Three Consecutive Weeks | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>A lower monthly payment means savings that can add up significantly over the life of a home loan. It also means that qualified buyers may be able to purchase more home for their money. Maybe that’s a \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F07\u002F02\u002Fis-the-health-crisis-driving-buyers-out-of-urban-areas\u002F\">bigger home\u003C\u002Fa> than what they’d be able to afford at a higher rate, an increasingly desirable option considering the amount of time families are now spending at home given today’s health crisis.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re in a position to buy a home this year, let’s connect to initiate the process while mortgage rates are historically low.","\r\nIf you’re in a position to buy a home this year, let’s connect to initiate the process while mortgage rates are historically low.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F07\u002F20200715-MEM-Eng-1.jpg",false,[17,21,25,29],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers",{"id":26,"name":27,"slug":28},35,"Mortgage Rates","mortgage-rates",{"id":30,"name":31,"slug":32},38,"Move-Up","move-up","2020-07-15T10:00:45Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":15},1665,"what-are-experts-saying-about-home-prices","What Are Experts Saying about Home Prices?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F07\u002F13163638\u002F20200714-KCM-Share.jpg","2020-07-14T10:00:00Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":15},1667,"does-your-home-have-what-buyers-are-looking-for","Does Your Home Have What Buyers Are Looking For? ","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F07\u002F15160940\u002F20200716-KCM-Share.jpg","2020-07-16T10:00:37Z",{"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":18,"name":19,"slug":20},{"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":22,"name":23,"slug":24},{"id":74,"name":75,"slug":76},34,"Senior Market","senior-market",{"id":26,"name":27,"slug":28},{"id":30,"name":31,"slug":32},{"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"]