[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3jtfppq74c9j8":3,"$ffeh0925h8cuz":44,"$f2emv3tus0uf1":48,"$fbwk2pqjjqsc7":52},{"item":4,"previous":32,"next":38},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":12,"body":13,"agentsBottomLine":14,"bodyImage":15,"isInfographic":16,"categories":17,"isVideo":16,"videoThumbnail":9,"videoSource":9,"publishedAt":30,"updatedAt":31},61884,"mortgage-rates-drop-to-lowest-level-in-over-a-year-and-a-half","Mortgage Rates Drop to Lowest Level in over a Year and a Half","\u003Cp>Mortgage rates have hit their lowest point in over a year and a half.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240916\u002F20240917-mortgage-rates-drop-to-lowest-level-in-over-a-year-and-a-half-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240927\u002FSTM-Banner-20220811-SG-20211103-Blog-original.jpg","\u003Cp>\u003Ca href=\"\u002F2024\u002F08\u002F19\u002Fhow-mortgage-rate-changes-impact-your-homebuying-power\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">Mortgage rates\u003C\u002Fa> have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment.\u003C\u002Fp>\u003Cp>Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently isn’t small. As Sam Khater, Chief Economist at \u003Cem>Freddie Mac\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnews-releases\u002Fnews-release-details\u002Fmortgage-rates-drop-their-lowest-level-february-2023\" rel=\"noopener noreferrer\" target=\"_blank\">says\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>But if you want to see it to really believe it, here’s how the math shakes out. Take a closer look at the impact on your monthly payment.\u003C\u002Fp>\u003Cp>The chart below shows what a \u003Ca href=\"https:\u002F\u002Fwww.mortgagecalculator.net\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">monthly payment\u003C\u002Fa> (principal and interest) would look like on a $400K home loan if you purchased a house back in April (this year’s mortgage rate high), versus what it could look like if you buy a home now (\u003Cem>see below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240916\u002F20240917-how-the-recent-drop-in-mortgage-rates-helps-you-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240916\u002F20240917-how-the-recent-drop-in-mortgage-rates-helps-you-original.png\" alt=\"No Caption Received\">\u003C\u002Fa>Going from \u003Ca href=\"https:\u002F\u002Fwww.mortgagenewsdaily.com\u002Fmortgage-rates\u002F30-year-fixed\" rel=\"noopener noreferrer\" target=\"_blank\">7.5%\u003C\u002Fa> just a few months ago to the low 6s has a big impact on your bottom line. In just a few months’ time, the anticipated monthly payment on a $400K loan has come down by over $370. That’s hundreds of dollars less per month.\u003C\u002Fp>","\u003Cp>With the recent drop in mortgage rates, the purchasing power you have right now is better than it’s been in almost two years. \u003Ca href=\"\u002F2024\u002F08\u002F20\u002Fhow-to-choose-a-great-local-real-estate-agent\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">Let’s talk\u003C\u002Fa> about your options and how you can make the most of this moment you’ve been waiting for.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240916\u002F20240917-how-the-recent-drop-in-mortgage-rates-helps-you-original.png",false,[18,22,26],{"id":19,"name":20,"slug":21},5,"For Buyers","buyers",{"id":23,"name":24,"slug":25},6,"For Sellers","sellers",{"id":27,"name":28,"slug":29},35,"Mortgage Rates","mortgage-rates","2024-09-17T10:30:00Z","2024-10-28T19:34:46Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":16},61756,"the-best-time-to-buy-a-home-this-year","The Best Time To Buy a Home This Year","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240913\u002F20240916-the-best-time-to-buy-a-home-this-year-original.png","2024-09-16T10:30:00Z",{"id":39,"slug":40,"title":41,"featuredImage":42,"publishedAt":43,"contentType":10,"isVideo":16},62049,"the-latest-builder-trend-smaller-less-expensive-homes","The Latest Builder Trend: Smaller, Less Expensive Homes","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240917\u002F20240918-the-latest-builder-trend-smaller-less-expensive-homes-original.png","2024-09-18T10:30:00Z",{"cover":45,"open":46,"shareSpread":47},"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":49,"open":50,"shareSpread":51},"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",[53,57,58,59,63,67,71,75,79,80,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156,160],{"id":54,"name":55,"slug":56},1,"Uncategorized","uncategorized",{"id":19,"name":20,"slug":21},{"id":23,"name":24,"slug":25},{"id":60,"name":61,"slug":62},7,"Foreclosures","foreclosures",{"id":64,"name":65,"slug":66},8,"Infographics","infographics",{"id":68,"name":69,"slug":70},9,"Home Prices","home-prices",{"id":72,"name":73,"slug":74},11,"First-Time Buyers","first-time-buyers",{"id":76,"name":77,"slug":78},34,"Senior Market","senior-market",{"id":27,"name":28,"slug":29},{"id":81,"name":82,"slug":83},38,"Move-Up","move-up",{"id":85,"name":86,"slug":87},41,"For Sale by Owner","for-sale-by-owner",{"id":89,"name":90,"slug":91},42,"Featured","featured",{"id":93,"name":94,"slug":95},45,"New Construction","new-construction",{"id":97,"name":98,"slug":99},52,"Luxury \u002F Vacation","luxury--vacation",{"id":101,"name":102,"slug":103},53,"Rent vs. Buy","rent-vs-buy",{"id":105,"name":106,"slug":107},80,"Time-sensitive","time-sensitive",{"id":109,"name":110,"slug":111},81,"Outdated","outdated",{"id":113,"name":114,"slug":115},147,"Internal","internal",{"id":117,"name":118,"slug":119},148,"Do Not Autopost","do-not-autopost",{"id":121,"name":122,"slug":123},320,"Inventory","inventory",{"id":125,"name":126,"slug":127},321,"Agent Value","agent-value",{"id":129,"name":130,"slug":131},322,"Affordability","affordability",{"id":133,"name":134,"slug":135},323,"Buying Tips","buying-tips",{"id":137,"name":138,"slug":139},324,"Downsize","downsize",{"id":141,"name":142,"slug":143},325,"Economy","economy",{"id":145,"name":146,"slug":147},326,"Equity","equity",{"id":149,"name":150,"slug":151},327,"Forecasts","forecasts",{"id":153,"name":154,"slug":155},328,"Selling Tips","selling-tips",{"id":157,"name":158,"slug":159},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":161,"name":162,"slug":163},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]