{"id":23518,"date":"2024-04-22T14:36:29","date_gmt":"2024-04-22T14:36:29","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=23518"},"modified":"2024-04-22T14:36:30","modified_gmt":"2024-04-22T14:36:30","slug":"mortgage-rates-rise-5","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-rise-5\/","title":{"rendered":"Mortgage Rates Rise"},"content":{"rendered":"\n<p>The 30-year fixed-rate mortgage averaged 5.11% this week, continuing its rapid rise, Freddie Mac reports. The higher borrowing costs are forcing home buyers to expand their budgets.<\/p>\n\n\n\n<p>With higher rates and home prices, house hunters need to earn about $25,000 extra if they want to buy the typical home now compared to a year earlier, Nadia Evangelou, senior economist and director of forecasting at the National Association of REALTORS\u00ae, writes for the association\u2019s blog. Existing-home sales are dropping as a result.<\/p>\n\n\n\n<p>Rising Treasury yields are putting pressure on mortgage rates, says Sam Khater, Freddie Mac\u2019s chief economist. \u201cWhile springtime is typically the busiest homebuying season, the upswing in rates has caused some volatility in demand,\u201d Khater says. \u201cIt continues to be a seller\u2019s market, but buyers who remain interested in purchasing a home may find that competition has moderately softened.\u201d<\/p>\n\n\n\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending April 21:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>30-year fixed-rate mortgages: averaged 5.11%, with an average 0.8 points, rising from last week\u2019s 5%. Last year at this time, 30-year rates averaged 2.97%.<\/li>\n\n\n\n<li>15-year fixed-rate mortgages: averaged 4.38%, with an average 0.8 points, increasing from last week\u2019s 4.17% average. A year ago, 15-year rates averaged 2.29%.<\/li>\n\n\n\n<li>5-year hybrid adjustable-rate mortgages: averaged 3.75%, with an average 0.3 points, increasing from last week\u2019s 3.69% average. A year ago, 5-year ARMs averaged 2.83%.<\/li>\n<\/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>The 30-year fixed-rate mortgage averaged 5.11% this week, continuing its rapid rise, Freddie Mac reports. The higher borrowing costs are forcing home buyers to expand their budgets. With higher rates and home prices, house hunters need to earn about $25,000 extra if they want to buy the typical home now compared to a year earlier, &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-rise-5\/\">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-23518","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>Mortgage Rates Rise - 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\/mortgage-rates-rise-5\/\" \/>\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\\\/mortgage-rates-rise-5\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-rates-rise-5\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Mortgage Rates Rise\",\"datePublished\":\"2024-04-22T14:36:29+00:00\",\"dateModified\":\"2024-04-22T14:36:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-rates-rise-5\\\/\"},\"wordCount\":248,\"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\\\/mortgage-rates-rise-5\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-rates-rise-5\\\/\",\"name\":\"Mortgage Rates Rise - 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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. 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