{"id":94,"date":"2024-04-29T14:20:50","date_gmt":"2024-04-29T19:20:50","guid":{"rendered":"https:\/\/twilabertrand.sites.c21.homes\/?p=94"},"modified":"2024-04-29T14:20:50","modified_gmt":"2024-04-29T19:20:50","slug":"the-best-way-to-keep-track-of-mortgage-rate-trends","status":"publish","type":"post","link":"https:\/\/twilabertrand.sites.c21.homes\/?p=94","title":{"rendered":"The Best Way To Keep Track of Mortgage Rate Trends"},"content":{"rendered":"

\"Blog<\/p>\n

\n

The Best Way To Keep Track of Mortgage Rate Trends<\/a><\/h2>\n
For Buyers,\u00a0<\/a><\/span>Mortgage Rates<\/a><\/span><\/div>\n
Article from Keeping Current Matters<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
\n

If you\u2019re thinking about\u00a0buying a home<\/a>, chances are you\u2019ve got\u00a0mortgage rates<\/a>\u00a0on your mind. You\u2019ve heard about how they impact how much you can\u00a0afford<\/a>\u00a0in your monthly mortgage payment, and you want to make sure you\u2019re factoring that in as you plan\u00a0your move<\/a>.\u00a0 Check out the data below highlighting the best way to keep track of mortgage rate trends.<\/p>\n

The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here\u2019s a quick rundown of what you really need to know.<\/p>\n

The Latest on Mortgage Rates<\/strong><\/h4>\n

Rates have been volatile \u2013 that means they\u2019re bouncing around a bit. And, you may be wondering, why? The answer is complicated because rates are affected by so many factors.<\/p>\n

Things like what\u2019s happening in the broader economy and the job market, the current inflation rate, decisions made by the\u00a0Federal Reserve<\/em>, and a whole lot more have an impact. Lately, all of those factors have come into play, and it\u2019s caused the volatility we\u2019ve seen. As Odeta Kushi, Deputy Chief Economist at\u00a0First American,<\/em>\u00a0explains<\/a>:<\/p>\n

\u201cOngoing 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.\u201d<\/em><\/p><\/blockquote>\n

Professionals Can Help Make Sense of it All<\/strong><\/h4>\n

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\u2019re 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\u00a0the pros<\/a>.<\/p>\n

They coach people through\u00a0market conditions<\/a>\u00a0all the time. They\u2019ll focus on giving you a quick summary of any\u00a0broader trends<\/a>\u00a0up or down, what experts say lies ahead, and how all of that impacts you.<\/p>\n

Take this chart as an example. It gives you an idea of how mortgage rates impact your monthly payment when you\u00a0buy a home<\/a>. 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 (see chart below<\/em>):<\/p>\n

\"No<\/a><\/p>\n

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.<\/p>\n

It\u2019s tools and visuals like these that take everything that\u2019s happening and show what it actually means for you. And only a pro has the knowledge and\u00a0expertise<\/a>\u00a0needed to guide you through them.<\/p>\n

You don\u2019t need to be an expert on real estate or mortgage rates, you just need to have someone who is, by your side.<\/strong><\/p>\n<\/div>\n

\n

Bottom Line<\/h3>\n

Have questions about what\u2019s going on in the housing market? Let\u2019s connect so we can take what\u2019s happening right now and figure out what it really means for you.<\/p>\n

Twila Bertrand, REALTOR<\/strong><\/p>\n

CENTURY 21 Cota Realty<\/strong><\/p>\n

1306 N Medford Drive<\/strong><\/p>\n

Lufkin, Tx 75901<\/strong><\/p>\n<\/div>\n

Helping Buyers and Sellers in East Texas with real estate sales in Lufkin, Huntington, Nacogdoches, and all of East Texas since 2012!<\/strong><\/p>\n

https:\/\/www.zillow.com\/profile\/Twila%20Bertrand<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Best Way To Keep Track of Mortgage Rate Trends Tuesday April 23rd, 2024\u00a0For Buyers,\u00a0Mortgage Rates Article from Keeping Current Matters If you\u2019re thinking about\u00a0buying a home, chances are you\u2019ve got\u00a0mortgage rates\u00a0on your mind. You\u2019ve heard about how they impact how much you can\u00a0afford\u00a0in your monthly mortgage payment, and you want to make sure you\u2019re […]<\/p>\n","protected":false},"author":194391,"featured_media":95,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[27,32,28,31,40,20,38,21,19,39,12],"class_list":["post-94","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-angelina-county-real-estate","tag-building-equity","tag-buying-a-home","tag-buying-facts","tag-home-affordability","tag-local-realtor","tag-mortgage-rates","tag-real-estate-agent","tag-real-estate-lufkin","tag-real-estate-trends","tag-texas-real-estate"],"_links":{"self":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/94","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/users\/194391"}],"replies":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=94"}],"version-history":[{"count":1,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/94\/revisions"}],"predecessor-version":[{"id":96,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/94\/revisions\/96"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/media\/95"}],"wp:attachment":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}