{"id":9609,"date":"2020-10-14T15:37:30","date_gmt":"2020-10-14T15:37:30","guid":{"rendered":"https:\/\/www.everyhome.com\/blog\/?p=9609"},"modified":"2023-08-16T16:00:53","modified_gmt":"2023-08-16T16:00:53","slug":"mortgage-rates-hover-at-record-lows","status":"publish","type":"post","link":"https:\/\/www.everyhome.com\/blog\/2020\/10\/14\/mortgage-rates-hover-at-record-lows\/","title":{"rendered":"Mortgage Rates Hover At Record Lows"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Home loans are cheaper than ever, thanks in part to a tumultuous economy plagued by Covid-19.  Mortgage rates are currently hovering around 3%, and government mortgage giant Freddie Mac recently reported its lowest-ever rates in the last month.  The average 30-year fixed rate loan is 2.87% (which includes 0.8 points, which is a fee paid at settlement to decrease the mortgage rate) and 15-year is 2.37%. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/mortgage-rate.jpg\" alt=\"\" class=\"wp-image-9610\" width=\"391\" height=\"213\" srcset=\"https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/mortgage-rate.jpg 730w, https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/mortgage-rate-300x164.jpg 300w, https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/mortgage-rate-150x82.jpg 150w\" sizes=\"auto, (max-width: 391px) 100vw, 391px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Although we probably shouldn&#8217;t expect to see the trend of decreasing rates continue.  As Freddie Mac reported on October 8th, 2020, &#8220;The year-long slide in mortgage rates seems to be ending as rates have flattened over the last month&#8221;.  <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/loan-approved-1024x678.jpg\" alt=\"\" class=\"wp-image-9611\" width=\"403\" height=\"267\" srcset=\"https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/loan-approved-1024x678.jpg 1024w, https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/loan-approved-300x199.jpg 300w, https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/loan-approved-768x509.jpg 768w, https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/loan-approved-1536x1017.jpg 1536w, https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/loan-approved-2048x1356.jpg 2048w, https:\/\/www.everyhome.com\/blog\/wp-content\/uploads\/2020\/10\/loan-approved-150x99.jpg 150w\" sizes=\"auto, (max-width: 403px) 100vw, 403px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">For homebuyers currently in the market, it&#8217;ll likely be a good idea to lock in your rate as soon as possible (your lender can assist you with this).  For homeowners, refinancing might not be a bad idea in order to decrease your monthly payment and better the terms of your loan.  We&#8217;re happy to introduce you to a trusted, local, and friendly loan officer to learn more &#8211; just give us a call at (215) 699-5555. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home loans are cheaper than ever, thanks in part to a tumultuous economy plagued by Covid-19. Mortgage rates are currently hovering around 3%, and government mortgage giant Freddie Mac recently reported its lowest-ever rates in the last month. The average 30-year fixed rate loan is 2.87% (which includes 0.8 points, which is a fee paid&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[492,502,495,16,8,299,499,105,22,83,13,420,2,497,3,23,490,17,4,419,84],"tags":[],"class_list":["post-9609","post","type-post","status-publish","format-standard","hentry","category-agent","category-agent-request","category-beach","category-buying","category-cash-at-closing","category-entertainment","category-fall","category-food","category-home-improvement","category-is-it-worth-it","category-millennials","category-mortgage","category-moving","category-new-construction","category-philadelphia","category-renting","category-school","category-selling","category-spring","category-summer","category-winter"],"_links":{"self":[{"href":"https:\/\/www.everyhome.com\/blog\/wp-json\/wp\/v2\/posts\/9609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.everyhome.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.everyhome.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.everyhome.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.everyhome.com\/blog\/wp-json\/wp\/v2\/comments?post=9609"}],"version-history":[{"count":1,"href":"https:\/\/www.everyhome.com\/blog\/wp-json\/wp\/v2\/posts\/9609\/revisions"}],"predecessor-version":[{"id":9612,"href":"https:\/\/www.everyhome.com\/blog\/wp-json\/wp\/v2\/posts\/9609\/revisions\/9612"}],"wp:attachment":[{"href":"https:\/\/www.everyhome.com\/blog\/wp-json\/wp\/v2\/media?parent=9609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.everyhome.com\/blog\/wp-json\/wp\/v2\/categories?post=9609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.everyhome.com\/blog\/wp-json\/wp\/v2\/tags?post=9609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}