{"id":20952,"date":"2022-08-30T12:51:26","date_gmt":"2022-08-30T12:51:26","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=20952"},"modified":"2022-08-30T12:51:28","modified_gmt":"2022-08-30T12:51:28","slug":"volatility-in-mortgage-rates-as-recession-fears-grow-2","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/","title":{"rendered":"Volatility in Mortgage Rates as Recession Fears Grow"},"content":{"rendered":"\n<p>Volatility in Mortgage Rates as Recession Fears Grow<\/p>\n\n\n\n<p>Mortgage rates are showing volatility as the economy slows and recession fears take center stage. The 30-year fixed-rate mortgage rose to an average of 5.51% this week, up from 5.3% last week, according to Freddie Mac.<\/p>\n\n\n\n<p>Home buyers are facing rising costs across the spectrum. Inflation shot to a new 40-year high in June and is accelerating even faster than expected, according to Consumer Price Index data released Wednesday, <a href=\"https:\/\/magazine.realtor\/daily-news\/2022\/07\/13\/yun-bolder-fed-inflation-policy-may-catapult-mortgage-rates\">raising the prospect of a recession<\/a>. The CPI jumped 9.1% last month, leading to a spike in grocery costs, record-high gas prices, and escalating rents. To boot, monthly <a href=\"https:\/\/www.nar.realtor\/blogs\/economists-outlook\/housing-affordability-drops-as-mortgage-payments-spike-51-from-may-2021\" target=\"_blank\" rel=\"noreferrer noopener\">mortgage payments soared 51% higher<\/a> year over year, according to data from the National Association of REALTORS\u00ae. The median price for an existing home rose 14.6% year over year in May.<\/p>\n\n\n\n<p>\u201cWith the potential of a more aggressive rate hike from the Federal Reserve at the end of the month, mortgage rates will likely rise even further,\u201d says Nadia Evangelou, NAR\u2019s senior economist and director of forecasting. \u201cHowever, even with this increase, mortgage rates will continue to be historically low\u2014below 8%\u2014in 2022.\u201d<\/p>\n\n\n\n<p>Each bump upward in mortgage rates is being felt hard by home buyers. \u201cMortgage rates are volatile as economic growth slows due to fiscal and monetary drags,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cWith rates the highest in over a decade, home prices at escalated levels and inflation continuing to impact consumers, affordability remains the main obstacle to homeownership for many Americans.\u201d<\/p>\n\n\n\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending July 14:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>30-year fixed-rate mortgages: <\/strong>averaged 5.51%, with an average 0.8 point, increasing from last week\u2019s 5.30% average. Last year at this time, 30-year rates averaged 2.88%.<\/li><li><strong>15-year fixed-rate mortgages: <\/strong>averaged 4.67%, with an average 0.8 point, also rising from last week\u2019s 4.45% average. A year ago, 15-year rates averaged 2.22%.<\/li><li><strong>5-year hybrid adjustable-rate mortgages: <\/strong>averaged 4.35%, with an average 0.2 point, increasing from last week\u2019s 4.19% average. A year ago, 5-year ARMs averaged 2.47%.<\/li><\/ul>\n\n\n\n<p>Freddie Mac reports commitment rates along with average points to better reflect the total upfront costs of obtaining a mortgage.<\/p>\n\n\n\n<p>\u00a9National Association of REALTORS\u00ae<br \/>Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Volatility in Mortgage Rates as Recession Fears Grow Mortgage rates are showing volatility as the economy slows and recession fears take center stage. The 30-year fixed-rate mortgage rose to an average of 5.51% this week, up from 5.3% last week, according to Freddie Mac. Home buyers are facing rising costs across the spectrum. Inflation shot &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/\">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-20952","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>Volatility in Mortgage Rates as Recession Fears Grow - 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\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/\" \/>\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\\\/volatility-in-mortgage-rates-as-recession-fears-grow-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/volatility-in-mortgage-rates-as-recession-fears-grow-2\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Volatility in Mortgage Rates as Recession Fears Grow\",\"datePublished\":\"2022-08-30T12:51:26+00:00\",\"dateModified\":\"2022-08-30T12:51:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/volatility-in-mortgage-rates-as-recession-fears-grow-2\\\/\"},\"wordCount\":361,\"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\\\/volatility-in-mortgage-rates-as-recession-fears-grow-2\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/volatility-in-mortgage-rates-as-recession-fears-grow-2\\\/\",\"name\":\"Volatility in Mortgage Rates as Recession Fears Grow - 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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":"Volatility in Mortgage Rates as Recession Fears Grow - 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\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"Volatility in Mortgage Rates as Recession Fears Grow","datePublished":"2022-08-30T12:51:26+00:00","dateModified":"2022-08-30T12:51:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/"},"wordCount":361,"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\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/","name":"Volatility in Mortgage Rates as Recession Fears Grow - 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":"2022-08-30T12:51:26+00:00","dateModified":"2022-08-30T12:51:28+00:00","breadcrumb":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.anthonydidonato.net\/wordpress\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/volatility-in-mortgage-rates-as-recession-fears-grow-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.anthonydidonato.net\/wordpress\/"},{"@type":"ListItem","position":2,"name":"Volatility in Mortgage Rates as Recession Fears Grow"}]},{"@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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