[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2ahrvtdetujj2":3,"$ffeh0925h8cuz":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"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":25,"updatedAt":26},50010,"the-best-way-to-keep-track-of-mortgage-rate-trends","The Best Way To Keep Track of Mortgage Rate Trends","\u003Cp>If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240422\u002F20240423-The-Best-Way-To-Keep-Track-of-Mortgage-Rate-Trends.png","\u003Cp>If you’re thinking about \u003Ca href=\"\u002F2024\u002F03\u002F20\u002Fdoes-it-make-sense-to-buy-a-home-right-now\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buying a home\u003C\u002Fa>, chances are you’ve got \u003Ca href=\"\u002F2024\u002F03\u002F26\u002Fwhats-the-latest-with-mortgage-rates\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">mortgage rates\u003C\u002Fa> on your mind. You’ve heard about how they impact how much you can \u003Ca href=\"\u002F2024\u002F04\u002F18\u002Fis-it-getting-more-affordable-to-buy-a-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">afford\u003C\u002Fa> in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan \u003Ca href=\"\u002F2024\u002F03\u002F28\u002Fis-it-easier-to-find-a-home-to-buy-now\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">your move\u003C\u002Fa>.\u003C\u002Fp>\u003Cp>The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here’s a quick rundown of what you really need to know.\u003C\u002Fp>\u003Ch4>\u003Cstrong>The Latest on Mortgage Rates\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Rates have been volatile – that means they’re bouncing around a bit. And, you may be wondering, why? The answer is complicated because rates are affected by so many factors.\u003C\u002Fp>\u003Cp>Things like what’s happening in the broader economy and the job market, the current inflation rate, decisions made by the \u003Cem>Federal Reserve\u003C\u002Fem>, and a whole lot more have an impact. Lately, all of those factors have come into play, and it’s caused the volatility we’ve seen. As Odeta Kushi, Deputy Chief Economist at \u003Cem>First American,\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.cnet.com\u002Fpersonal-finance\u002Fmortgages\u002Fmortgage-rates-go-up-for-homeseekers-mortgage-interest-rates-for-april-12-2024\u002F#what-to-expect-from-mortgage-rates-in-\" rel=\"noopener noreferrer\" target=\"_blank\">explains\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Ongoing inflation deceleration, a slowing economy and even geopolitical uncertainty can contribute to lower mortgage rates. On the other hand, data that signals upside risk to inflation may result in higher rates.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Ch4>\u003Cstrong>Professionals Can Help Make Sense of it All\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>While you could drill down into each of those things to really understand how they impact mortgage rates, that would be a lot of work. And when you’re already busy planning a move, taking on that much reading and research may feel a little overwhelming. Instead of spending your time on that, lean on \u003Ca href=\"\u002F2024\u002F04\u002F09\u002Fthe-top-5-reasons-you-need-a-real-estate-agent-when-buying-a-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">the pros\u003C\u002Fa>.\u003C\u002Fp>\u003Cp>They coach people through \u003Ca href=\"\u002F2024\u002F03\u002F15\u002Fthe-latest-trends-in-housing-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">market conditions\u003C\u002Fa> all the time. They’ll focus on giving you a quick summary of any \u003Ca href=\"\u002F2024\u002F03\u002F22\u002F3-helpful-tips-for-first-time-homebuyers-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">broader trends\u003C\u002Fa> up or down, what experts say lies ahead, and how all of that impacts you.\u003C\u002Fp>\u003Cp>Take this chart as an example. It gives you an idea of how mortgage rates impact your monthly payment when you \u003Ca href=\"\u002F2024\u002F03\u002F25\u002Fwhat-every-homebuyer-should-know-about-closing-costs\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buy a home\u003C\u002Fa>. Imagine being able to make a payment between $2,500 and $2,600 work for your budget (principal and interest only). The green part in the chart shows payments in that range or lower based on varying mortgage rates (\u003Cem>see chart below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240422\u002F20240423-How-Mortgage-Rate-changes-Impact-Your-Purchasing-Power.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240422\u002F20240423-How-Mortgage-Rate-changes-Impact-Your-Purchasing-Power.png\" alt=\"No Caption Received\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>As you can see, even a small shift in rates can impact the loan amount you can afford if you want to stay within that target budget.\u003C\u002Fp>\u003Cp>It’s tools and visuals like these that take everything that’s happening and show what it actually means for you. And only a pro has the knowledge and \u003Ca href=\"\u002F2024\u002F04\u002F05\u002Ftop-5-reasons-to-hire-an-agent-when-buying-a-home-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">expertise\u003C\u002Fa> needed to guide you through them.\u003C\u002Fp>\u003Cp>\u003Cstrong>You don’t need to be an expert on real estate or mortgage rates, you just need to have someone who is, by your side.\u003C\u002Fstrong>\u003C\u002Fp>","\u003Cp>Have questions about what’s going on in the housing market? Let’s connect so we can take what’s happening right now and figure out what it really means for you.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240422\u002F20240423-How-Mortgage-Rate-changes-Impact-Your-Purchasing-Power.png",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},35,"Mortgage Rates","mortgage-rates","2024-04-23T10:30:00Z","2024-04-23T10:30:16Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},49141,"what-you-really-need-to-know-about-home-prices-1","What You Really Need To Know About Home Prices","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240411\u002F20240422-What-You-Really-Need-To-Know-About-Home-Price-Headlines.png","2024-04-22T10:30:00Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},50128,"foreclosure-numbers-are-nothing-like-the-2008-crash","Foreclosure Numbers Are Nothing Like the 2008 Crash","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240423\u002F20240424-Foreclosure-Numbers-Are-Nothing-Like-the-2008-Crash.png","2024-04-24T10:30:00Z",{"cover":40,"open":41,"shareSpread":42},"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",[44,48,49,53,57,61,65,69,73,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},6,"For Sellers","sellers",{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":66,"name":67,"slug":68},11,"First-Time Buyers","first-time-buyers",{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":22,"name":23,"slug":24},{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]