{"id":1981,"date":"2021-08-23T13:48:20","date_gmt":"2021-08-23T13:48:20","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1981"},"modified":"2021-08-23T13:48:20","modified_gmt":"2021-08-23T13:48:20","slug":"experts-say-todays-mortgage-rates","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/experts-say-todays-mortgage-rates\/","title":{"rendered":"What Do Experts Say About Today\u2019s Mortgage Rates?"},"content":{"rendered":"
\"\"

What Do Experts Say About Today\u2019s Mortgage Rates?<\/p><\/div>\n

Mortgage rates are hovering near record lows, and that\u2019s good news for today\u2019s homebuyers. The\u00a0graph<\/a>\u00a0below shows mortgage rates dating back to 2016 and where today falls by comparison.<\/p>\n

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30 Year Fixed Rate Mortgages from Freddie Mac<\/p><\/div>\n

Generally speaking, when rates are low, you can afford more home for your money. That\u2019s why experts across the industry agree \u2013 today\u2019s low rates present buyers with an\u00a0incredible opportunity<\/a>. Here\u2019s what they have to say:<\/p>\n

Sam Khater, Chief Economist at\u00a0Freddie Mac<\/em>,\u00a0points out<\/a>\u00a0the historic nature of today\u2019s rates:<\/h5>\n

\u201cAs the economy works to get back to its pre-pandemic self, and the fight against COVID-19 variants unfolds,\u00a0owners and buyers continue to benefit from some of the lowest mortgage rates of all-time<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

Mark Fleming, Chief Economist at\u00a0First American<\/em>,\u00a0talks about<\/a>\u00a0how rates impact a buyer\u2019s bottom line:<\/h5>\n

\u201cMortgage rates are generally the same across the country, so a decline in mortgage rates\u00a0boosts affordability equally in each market<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

Danielle Hale, Chief Economist at\u00a0realtor.com<\/em>, also notes the significance of today\u2019s low rates and\u00a0urges buyers<\/a>\u00a0to carefully consider their timing:<\/h5>\n

\u201c<\/em><\/strong>Those who haven\u2019t yet taken advantage of low rates to buy a home or refinance\u00a0still have the opportunity to do so this summer<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

Hale goes on to say that buyers who don\u2019t act soon could see\u00a0higher rates<\/a>\u00a0in the coming months, negatively impacting their purchasing power:<\/p>\n

\u201cWe expect mortgage rates to fluctuate near historic lows through the summer\u00a0before beginning to climb this fall<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

And while mortgage rates are still low today, the data from\u00a0Freddie Mac<\/em>\u00a0indicates rates are fluctuating ever so slightly right now, as they moved up one week before inching slightly back down in their latest release. It\u2019s important to keep in mind the influence rates have on your monthly mortgage payment.<\/p>\n

Even small increases can have a big\u00a0impact<\/a>\u00a0on what you pay each month. Trust the experts. Today\u2019s rates give you opportunity and flexibility in what you can afford. Don\u2019t wait on the sidelines and hope for a better rate to come along; the rates we\u2019re seeing today are worth capitalizing on.<\/p>\n

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

Mortgage rates hover near record lows today, but experts forecast they\u2019ll rise in the coming months. Waiting could prove costly when that happens. Let\u2019s connect today to discuss today\u2019s rates and determine if now\u2019s the time for you to buy.<\/p>\n

 <\/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>
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THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

Mortgage rates are hovering near record lows, and that\u2019s good news for today\u2019s homebuyers. Finish Reading What Do Experts Say About Today\u2019s Mortgage Rates?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[38,15,27,25,9,49,42,40,280,228,20,12,48,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1981"}],"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=1981"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1981\/revisions"}],"predecessor-version":[{"id":1984,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1981\/revisions\/1984"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}