{"id":1652,"date":"2021-04-21T12:13:01","date_gmt":"2021-04-21T12:13:01","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1652"},"modified":"2021-04-21T12:13:01","modified_gmt":"2021-04-21T12:13:01","slug":"planning-move-can-still-secure-low-mortgage-rate-next-home","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/planning-move-can-still-secure-low-mortgage-rate-next-home\/","title":{"rendered":"Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home"},"content":{"rendered":"
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Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home<\/p><\/div>\n

This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to\u00a0move<\/a>\u00a0may feel like they\u2019ve missed the chance to score a great rate on their next mortgage. In reality, there\u2019s still time to secure a rate far below the historic norm. Here\u2019s why.<\/p>\n

After creeping up for seven consecutive weeks, average mortgage rates have dropped more\u00a0recently<\/a>\u00a0(See graph below<\/em>). With rates taking a slight dip over the past two weeks at the same time the inventory of houses for sale is so low, homeowners today are sitting in the\u00a0optimal<\/a>\u00a0seat to sell. What\u2019s the advantage of selling your house now? Securing a low mortgage rate on your next home.<\/p>\n

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Mortgage Rates<\/p><\/div>\n

To take advantage of today\u2019s real estate market, experts are encouraging homeowners to act now before interest rates climb. Danielle Hale,\u00a0Chief Economist\u00a0<\/em>at\u00a0realtor.com,\u00a0<\/em>explains<\/a>:<\/p>\n

\u201c\u2026mortgage rates slid for a second week \u2026 but\u00a0we don\u2019t expect rates to stay at this level for too long.\u201d<\/strong><\/em><\/p><\/blockquote>\n

Hale continues to say:<\/p>\n

\u201cFor sellers<\/em><\/strong>, getting in early optimizes odds of a quick sale at a good price before there\u2019s too much competition, but\u00a0that means acting now\u00a0<\/strong>\u2026 In this environment, sellers probably really can\u2019t go wrong, and that\u2019s especially true in the nation\u2019s hottest housing markets where homes are selling quickly and getting the greatest number of viewers online<\/em>.\u201d<\/p><\/blockquote>\n

Most experts agree that rates will continue to trend upward. Sam Khater,\u00a0Chief Economist\u00a0<\/em>at\u00a0Freddie Mac,\u00a0<\/em>states<\/a>:<\/p>\n

\u201cDespite the pause in mortgage rates recently, we expect them to increase modestly for the remainder of this year<\/em><\/strong>.\u201d<\/p><\/blockquote>\n

In addition,\u00a0Freddie Mac<\/em>\u00a0recently released their\u00a0Quarterly Forecast<\/a>, which notes:<\/p>\n

\u201cWe forecast that mortgage rates will continue to rise through the end of next year.<\/em><\/strong>\u00a0We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.\u201d\u00a0<\/em>(See graph below<\/em>):<\/p><\/blockquote>\n

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Mortgage Rates<\/p><\/div>\n

While buyers everywhere want to secure the lowest rate possible, it\u2019s important to remember that today\u2019s rates are still much lower than the historic norm. Odeta Kushi,\u00a0Deputy Chief Economist<\/em>\u00a0at\u00a0First American<\/em>,\u00a0emphasizes<\/a>:<\/p>\n

\u201cWhile mortgage rates have trended up in recent months, they are still historically low, so relative to one year ago, housing actually is still more affordable and that\u2019s really thanks to this low mortgage rate environment we find ourselves in.\u201d<\/em><\/p><\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re thinking of moving, don\u2019t miss the opportunity to score a great rate on your next home mortgage. Let\u2019s connect today so you can get your house ready to sell and find your dream home while mortgage rates are still low.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

Many homeowners planning to\u00a0move\u00a0may feel like they\u2019ve missed the chance to score a great rate on their next mortgage. Finish Reading Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[38,10,16,27,91,52,49,42,40,280,33,345,63,12,24,48,47,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1652"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1652"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1652\/revisions"}],"predecessor-version":[{"id":1656,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1652\/revisions\/1656"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}