{"id":20872,"date":"2022-08-10T13:57:24","date_gmt":"2022-08-10T13:57:24","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=20872"},"modified":"2022-08-10T13:57:26","modified_gmt":"2022-08-10T13:57:26","slug":"dip-in-mortgage-rates-little-consolation-to-squeezed-buyers","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/","title":{"rendered":"Dip in Mortgage Rates Little Consolation to Squeezed Buyers"},"content":{"rendered":"\n<p>Dip in Mortgage Rates Little Consolation to Squeezed Buyers<\/p>\n\n\n\n<p>With volatile mortgage rates driving home buyers from the market, economists are skeptical that a dip in borrowing costs this week will have a meaningful impact. The 30-year fixed-rate mortgage fell to an average of 5.3%\u2014still nearly double what it was a year ago\u2014for the week ending July 28, according to Freddie Mac.<\/p>\n\n\n\n<p>\u201cPurchase demand continues to tumble as the cumulative impact of higher rates, elevated home prices, increased recession risk and declining consumer confidence take a toll on home buyers,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cIt\u2019s clear that over the past two years, the combination of the pandemic, record low mortgage rates and the opportunity to work remotely spurred greater demand. Now, as the market adjusts to a higher rate environment, we are seeing a period of <a href=\"https:\/\/magazine.realtor\/daily-news\/2022\/07\/20\/existing-home-prices-hit-new-record-as-sales-slow\">deflated sales activity<\/a> until the market stabilizes.\u201d<\/p>\n\n\n\n<p>The National Association of REALTORS\u00ae reported this week that <a href=\"https:\/\/magazine.realtor\/daily-news\/2022\/07\/27\/pending-home-sales-tumble-as-more-buyers-get-priced-out\">contract signings were down 20%<\/a> in June compared to a year earlier. NAR is forecasting that by the end of 2022, <a href=\"https:\/\/magazine.realtor\/daily-news\/2022\/07\/28\/real-estate-forecast-market-to-ease-despite-high-home-prices\">home sales will have fallen 13%<\/a> on an annual basis. \u201cWith mortgage rates expected to stabilize near 6% and steady job creation, home sales should start to rise by early 2023,\u201d Lawrence Yun, chief economist for the National Association of REALTORS\u00ae, said Wednesday during NAR\u2019s quarterly <a href=\"https:\/\/www.nar.realtor\/events\/nar-real-estate-forecast-summit\" target=\"_blank\" rel=\"noreferrer noopener\">Real Estate Forecast Summit<\/a>.<\/p>\n\n\n\n<p>Freddie Mac reports the following national averages for mortgage rates for the week ending July 28:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>30-year fixed-rate mortgages: <\/strong>averaged 5.30%, with an average 0.8 point, dropping from last week\u2019s 5.54% average. Last year at this time, 30-year rates averaged 2.80%.<\/li><li><strong>15-year fixed-rate mortgages:<\/strong> averaged 4.58%, with an average 0.8 point, falling from last week\u2019s 4.75% average. A year ago, 15-year rates averaged 2.10%.<\/li><li><strong>5-year adjustable-rate mortgages:<\/strong> averaged 4.29%, with an average 0.3 point, dropping from last week\u2019s 4.31% average. A year ago, 5-year ARMs averaged 2.45%.<\/li><\/ul>\n\n\n\n<p>Freddie Mac reports commitment rates along with average points to better reflect the total upfront cost of obtaining the mortgage.<\/p>\n\n\n\n<p>\u00a9National Association of REALTORS\u00ae<br \/>Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dip in Mortgage Rates Little Consolation to Squeezed Buyers With volatile mortgage rates driving home buyers from the market, economists are skeptical that a dip in borrowing costs this week will have a meaningful impact. The 30-year fixed-rate mortgage fell to an average of 5.3%\u2014still nearly double what it was a year ago\u2014for the week &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-20872","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dip in Mortgage Rates Little Consolation to Squeezed Buyers - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Dip in Mortgage Rates Little Consolation to Squeezed Buyers\",\"datePublished\":\"2022-08-10T13:57:24+00:00\",\"dateModified\":\"2022-08-10T13:57:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\\\/\"},\"wordCount\":337,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\\\/\",\"name\":\"Dip in Mortgage Rates Little Consolation to Squeezed Buyers - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dip in Mortgage Rates Little Consolation to Squeezed Buyers - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"Dip in Mortgage Rates Little Consolation to Squeezed Buyers","datePublished":"2022-08-10T13:57:24+00:00","dateModified":"2022-08-10T13:57:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/"},"wordCount":337,"publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"keywords":["Anthony DiDonato","News","Real Estate","tips"],"articleSection":["News","Real Estate Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/","name":"Dip in Mortgage Rates Little Consolation to Squeezed Buyers - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","isPartOf":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website"},"datePublished":"2022-08-10T13:57:24+00:00","dateModified":"2022-08-10T13:57:26+00:00","breadcrumb":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-mortgage-rates-little-consolation-to-squeezed-buyers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.anthonydidonato.net\/wordpress\/"},{"@type":"ListItem","position":2,"name":"Dip in Mortgage Rates Little Consolation to Squeezed Buyers"}]},{"@type":"WebSite","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website","url":"http:\/\/www.anthonydidonato.net\/wordpress\/","name":"Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","description":"Properties and Real Estate for Sale","publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/www.anthonydidonato.net\/wordpress\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","url":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","contentUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","caption":"admin"},"logo":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg"},"description":"For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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