[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fu43i12429b7q":3,"$ffeh0925h8cuz":46,"$f2emv3tus0uf1":50,"$fbwk2pqjjqsc7":54},{"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},1931,"what-you-should-do-before-interest-rates-rise","What You Should Do Before Interest Rates Rise","In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, \u003Cstrong>there’s a good chance you have a mortgage with an interest rate higher than today’s average. \u003C\u002Fstrong>Here are some options you should consider if you want to take advantage of today’s current low rates before they rise.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F16133526\u002F20210719-KCM-Share.jpg","In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, \u003Cstrong>there’s a good chance you have a mortgage with an interest rate higher than today’s average. \u003C\u002Fstrong>Here are some options you should consider if you want to take advantage of today’s current low rates before they rise.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Sell and Move Up (or Downsize)\u003C\u002Fstrong>\u003C\u002Fh4>\r\nMany of today’s homeowners are rethinking what they need in a home and redefining what their \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F03\u002Fdreaming-of-a-bigger-home-why-not-buy-it-this-year\u002F\">dream home\u003C\u002Fa> means. For some, continued remote work is bringing about the need for additional space. For others, moving to a lower cost-of-living area or downsizing may be great options. If you’re considering either of these, there may not be a better time to move. Here’s why.\r\n\r\nThe chart below shows average \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002F\">mortgage rates\u003C\u002Fa> by decade compared to where they are today:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210719-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-44758\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210719-MEM-Eng-1.png\" alt=\"What You Should Do Before Interest Rates Rise | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\u003Cstrong>Today’s rates are below 3%, \u003C\u002Fstrong>but \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F30\u002Fwhat-do-experts-see-on-the-horizon-for-the-second-half-of-the-year\u002F\">experts forecast\u003C\u002Fa> rates to rise over the next few years.\r\n\r\nIf the interest rate on your current mortgage is higher than today’s average, take advantage of this opportunity by making a move and securing a lower rate. \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F04\u002F21\u002Fplanning-to-move-you-can-still-secure-a-low-mortgage-rate-on-your-next-home\u002F\">Lower rates\u003C\u002Fa> mean you may be able to get more house for your money and still have a lower monthly mortgage payment than you might expect.\r\n\r\nWaiting, however, might mean you miss out on this historic opportunity. Below is a chart showing how your monthly payment will change if you buy a home as mortgage rates increase:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210719-MEM-Eng-2.png\">\u003Cimg class=\"aligncenter wp-image-44757\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210719-MEM-Eng-2.png\" alt=\"What You Should Do Before Interest Rates Rise | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch5>\u003Cstrong>Breaking It All Down:\u003C\u002Fstrong>\u003C\u002Fh5>\r\nUsing the chart above, let’s look at the breakdown of a $300,000 mortgage:\r\n\u003Cul>\r\n \t\u003Cli>When mortgage rates rise, \u003Cstrong>so does the monthly payment \u003C\u002Fstrong>you can secure.\u003C\u002Fli>\r\n \t\u003Cli>Even \u003Cstrong>the smallest increase in rates can make a difference\u003C\u002Fstrong> in your monthly mortgage payment.\u003C\u002Fli>\r\n \t\u003Cli>As interest rates rise, you’ll need to look at \u003Cstrong>a lower-priced home\u003C\u002Fstrong> to try and keep the same target monthly payment, \u003Cstrong>meaning you may end up with less home for your money.\u003C\u002Fstrong>\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nNo matter what, whether you’re looking to make a \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F11\u002Fhave-your-day-in-the-sun-by-moving-up-this-summer-infographic\u002F\">move up\u003C\u002Fa> or \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F04\u002F13\u002Fsome-buyers-prefer-smaller-homes\u002F\">downsize\u003C\u002Fa> to a home that better suits your needs, \u003Cstrong>now is the time\u003C\u002Fstrong>. Even a small change in interest rates can have a big impact on your purchasing power.\r\n\u003Ch4>\u003Cstrong>Refinance\u003C\u002Fstrong>\u003C\u002Fh4>\r\nIf making a move right now still doesn’t feel right for you, consider refinancing. With the current low mortgage rates, refinancing is a great option if you’re looking to \u003Cstrong>lower your monthly payments and stay in your current home.\u003C\u002Fstrong>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nTake advantage of today’s low rates before they begin to rise. Whether you’re thinking about moving up, downsizing, or refinancing, let’s connect today to discuss which option is best for you.","\r\nTake advantage of today’s low rates before they begin to rise. Whether you’re thinking about moving up, downsizing, or refinancing, let’s connect today to discuss which option is best for you.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210719-MEM-Eng-1.png",false,[17,21,25,29],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},35,"Mortgage Rates","mortgage-rates",{"id":30,"name":31,"slug":32},38,"Move-Up","move-up","2021-07-19T10:00:57Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":15},1930,"experts-agree-options-are-improving-for-buyers-infographic","Experts Agree: Options Are Improving for Buyers [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F15150310\u002F20210716-KCM-Share.png","2021-07-16T10:00:10Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":15},1932,"3-charts-that-show-this-isnt-a-housing-bubble","3 Charts That Show This Isn’t a Housing Bubble","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F19150447\u002F20210720-KCM-Share.jpg","2021-07-20T10:00:08Z",{"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",{"cover":51,"open":52,"shareSpread":53},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[55,59,60,61,65,69,73,77,81,82,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":56,"name":57,"slug":58},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":62,"name":63,"slug":64},7,"Foreclosures","foreclosures",{"id":66,"name":67,"slug":68},8,"Infographics","infographics",{"id":70,"name":71,"slug":72},9,"Home Prices","home-prices",{"id":74,"name":75,"slug":76},11,"First-Time Buyers","first-time-buyers",{"id":78,"name":79,"slug":80},34,"Senior Market","senior-market",{"id":26,"name":27,"slug":28},{"id":30,"name":31,"slug":32},{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]