[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fbea6lgyjjq3s":3,"$ffeh0925h8cuz":50,"$fbwk2pqjjqsc7":54},{"item":4,"previous":38,"next":44},{"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":36,"updatedAt":37},1801,"should-i-wait-for-lower-mortgage-interest-rates","Should I Wait for Lower Mortgage Interest Rates?","Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F05\u002Fwhy-not-to-wait-until-spring-to-make-a-move\u002F\">record-lows\u003C\u002Fa> 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the reality is, acting sooner rather than later may be the actual win if you’re ready to buy a home.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F01\u002F15095353\u002F20210119-KCM-Share.jpg","Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F05\u002Fwhy-not-to-wait-until-spring-to-make-a-move\u002F\">record-lows\u003C\u002Fa> 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the reality is, acting sooner rather than later may be the actual win if you’re ready to buy a home.\u003C!--more-->\r\n\r\n\u003Ca href=\"https:\u002F\u002Fwww.bankrate.com\u002Fmortgages\u002Fmortgage-rate-forecast-for-january-2021\u002F\">According\u003C\u002Fa> to Greg McBride, \u003Cem>Chief Financial Analyst\u003C\u002Fem> for \u003Cem>Bankrate\u003C\u002Fem>:\r\n\u003Cblockquote>\u003Cem>“As vaccines become more widely available and a return to normal starts to come into view, \u003Cstrong>we’ll see mortgage rates bounce off the record lows\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nWhile only a slight increase in mortgage rates is projected for 2021, some experts believe they will start to rise. Over the past week, for example, the average mortgage rate ticked up slightly, reaching \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002F\">2.79%\u003C\u002Fa>. This is still incredibly low compared to the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F08\u002F14\u002Fmortgage-rates-payments-by-decade-infographic\u002F\">trends\u003C\u002Fa> we’ve seen over time. According to \u003Cem>Freddie Mac\u003C\u002Fem>:\r\n\u003Cblockquote>\u003Cem>“Borrowers are \u003Cstrong>smart to take advantage of these low rates now\u003C\u002Fstrong> and will certainly benefit as a result.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>Here’s why.\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAs mortgage rates rise, the increase impacts the overall \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F09\u002F22\u002Fthe-cost-of-a-home-is-far-more-important-than-the-price\u002F\">cost\u003C\u002Fa> of purchasing a home. The higher the rate, the higher your monthly mortgage payment, especially as home \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F11\u002Fwhat-does-2021-have-in-store-for-home-values\u002F\">prices\u003C\u002Fa> rise too. Sam Khater, \u003Cem>Chief Economist\u003C\u002Fem> at \u003Cem>Freddie Mac\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnode\u002F21801\u002Fpdf\">says\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“The forces behind the drop in rates have been shifting over the last few months and \u003Cstrong>rates are poised to rise modestly this year.\u003C\u002Fstrong> The combination of rising mortgage rates and increasing home prices will accelerate the decline in affordability and further squeeze potential homebuyers during the spring home sales season.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>What does this mean for buyers?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nRight now, the \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-decrease-2-5-in-november\">inventory\u003C\u002Fa> of houses for sale is also at a historic low, making it more challenging than normal to find a home to buy in many areas. As more buyers hit the market in the typically busy spring buying season, it may become even harder to find a home in the coming months. With this in mind, Len Keifer, \u003Cem>Deputy Chief Economist\u003C\u002Fem> for \u003Cem>Freddie Mac\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.bankrate.com\u002Fmortgages\u002Fmortgage-rate-forecast-for-january-2021\u002F\">recommends\u003C\u002Fa> taking advantage of both low mortgage rates and the opportunity to buy:\r\n\u003Cblockquote>\u003Cem>“If you’ve found a home that fits your needs at a price you can afford, \u003Cstrong>it might be better to act now rather than wait for future rate declines that may never come \u003C\u002Fstrong>and a future that likely holds very tight inventory.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhile today’s low mortgage rates provide great opportunities for homebuyers, we may not see them stick around forever. If you’re ready to buy a home, let’s connect so you can take advantage of what today’s market has to offer.","\r\nWhile today’s low mortgage rates provide great opportunities for homebuyers, we may not see them stick around forever. If you’re ready to buy a home, let’s connect so you can take advantage of what today’s market has to offer.",false,[16,20,24,28,32],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},9,"Home Prices","home-prices",{"id":25,"name":26,"slug":27},11,"First-Time Buyers","first-time-buyers",{"id":29,"name":30,"slug":31},35,"Mortgage Rates","mortgage-rates",{"id":33,"name":34,"slug":35},38,"Move-Up","move-up","2021-01-19T10:00:49Z","2021-01-19T11:00:49Z",{"id":39,"slug":40,"title":41,"featuredImage":42,"publishedAt":43,"contentType":10,"isVideo":14},1800,"how-to-make-the-dream-of-homeownership-a-reality-this-year","How to Make the Dream of Homeownership a Reality This Year","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F01\u002F14113629\u002F20210118-KCM-Share.jpg","2021-01-18T10:00:20Z",{"id":45,"slug":46,"title":47,"featuredImage":48,"publishedAt":49,"contentType":10,"isVideo":14},1802,"owning-a-home-is-still-more-affordable-than-renting-one","Owning a Home Is Still More Affordable Than Renting One","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F01\u002F19103210\u002F20210120-KCM-Share.jpg","2021-01-20T10:00:46Z",{"cover":51,"open":52,"shareSpread":53},"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",[55,59,60,64,68,72,73,74,78,79,80,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156],{"id":56,"name":57,"slug":58},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":61,"name":62,"slug":63},6,"For Sellers","sellers",{"id":65,"name":66,"slug":67},7,"Foreclosures","foreclosures",{"id":69,"name":70,"slug":71},8,"Infographics","infographics",{"id":21,"name":22,"slug":23},{"id":25,"name":26,"slug":27},{"id":75,"name":76,"slug":77},34,"Senior Market","senior-market",{"id":29,"name":30,"slug":31},{"id":33,"name":34,"slug":35},{"id":81,"name":82,"slug":83},41,"For Sale by Owner","for-sale-by-owner",{"id":85,"name":86,"slug":87},42,"Featured","featured",{"id":89,"name":90,"slug":91},45,"New Construction","new-construction",{"id":93,"name":94,"slug":95},52,"Luxury \u002F Vacation","luxury--vacation",{"id":97,"name":98,"slug":99},53,"Rent vs. Buy","rent-vs-buy",{"id":101,"name":102,"slug":103},80,"Time-sensitive","time-sensitive",{"id":105,"name":106,"slug":107},81,"Outdated","outdated",{"id":109,"name":110,"slug":111},147,"Internal","internal",{"id":113,"name":114,"slug":115},148,"Do Not Autopost","do-not-autopost",{"id":117,"name":118,"slug":119},320,"Inventory","inventory",{"id":121,"name":122,"slug":123},321,"Agent Value","agent-value",{"id":125,"name":126,"slug":127},322,"Affordability","affordability",{"id":129,"name":130,"slug":131},323,"Buying Tips","buying-tips",{"id":133,"name":134,"slug":135},324,"Downsize","downsize",{"id":137,"name":138,"slug":139},325,"Economy","economy",{"id":141,"name":142,"slug":143},326,"Equity","equity",{"id":145,"name":146,"slug":147},327,"Forecasts","forecasts",{"id":149,"name":150,"slug":151},328,"Selling Tips","selling-tips",{"id":153,"name":154,"slug":155},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":157,"name":158,"slug":159},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]