\u2018Era of Super-Low <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> Rates Is Over\u2019 | <a href=\"https:\/\/amazingproperty.com.ng\/blog\/estate-agents-nearby\/\">Realtor<\/a> Magazine<\/title><meta name=\"HandheldFriendly\" content=\"true\"\/><meta name=\"MobileOptimized\" content=\"width\"\/><meta name=\"viewport\" content=\"width=device-width, initial-scale=1\"\/><meta http-equiv=\"cleartype\" content=\"on\"\/><meta http-equiv=\"X-UA-Compatible\" content=\"IE=edge,chrome=1\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/magazine.realtor\/sites\/default\/files\/css\/css_xE-rWrJf-fncB6ztZfd2huxqgxu4WO-qwma6Xer30m4.css\" media=\"all\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/magazine.realtor\/sites\/default\/files\/css\/css_MEZlvaWbRF2hzUfJgSIWF0hZ5-JX59Jey5Y4Am6W410.css\" media=\"all\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/magazine.realtor\/sites\/default\/files\/css\/css_-0rRvPqCuZxWS36uMiHkQ_ACO_pNGAQoe3m7waGUBSw.css\" media=\"all\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/magazine.realtor\/sites\/default\/files\/css\/css_k_OWwnxYRPvAY5QlFjC9wTo7Z0NvzloWcw0jjOgf8YU.css\" media=\"all\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/use.fontawesome.com\/releases\/v5.0.8\/css\/all.css\" media=\"all\"\/><link type=\"text\/css\" rel=\"stylesheet\" href=\"https:\/\/search.nar.realtor\/popup_css.min.css\" media=\"all\"\/><\/head><body class=\"not-front not-logged-in node-type-daily-news path-daily-news-2018-09-27-era-of-super-low-mortgage-rates-is-over section-daily-news page-panels\" id=\"readabilityBody\" readability=\"47.858134490239\"><br \/>\n<br \/>\n <br \/>\n <\/p>\n<p><\/p>\n<div class=\"ie11banner\" style=\"background: rgb(225, 225, 225); padding: 10px; height: 60px; text-align: center; color: rgb(102, 102, 102); line-height: 40px; font-size: 16px; display: none;\" readability=\"6.8943089430894\">Internet Explorer does not currently support REALTOR\u00ae Magazine search. IE users, please download Firefox, Chrome, or Edge.<\/div>\n<p><\/p>\n<p><br \/>\n<main id=\"main\" class=\"layout-page-two-sidebars prose clearfix main prose\" role=\"main\" tabindex=\"-1\"><br \/>\n <\/p>\n<div class=\"content-push push\">\n<div class=\"layout-constrain\">\n<p> <\/p>\n<p> <\/p>\n<p> <br \/>\n <\/p>\n<p> <br \/>\n <\/p>\n<p> <\/p>\n<div class=\"\">\n<div class=\"region-content\">\n<div>\n<div class=\"main-content no-left-sidebar\">\n<div class=\"pane-node-body pane pane--nodebody\">\n<div class=\"pane__content\">\n<div class=\"field field--body\">\n<div class=\"field-items\" readability=\"23\">\n<div class=\"field-item even\" property=\"dc:description\" readability=\"41\">\n<p>The Federal Reserve on Wednesday voted to raise its benchmark interest rate by a quarter of a point to the highest point in more than a decade, and the <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">housing<\/a> market is now bracing for impact.<\/p>\n<div class=\"asset-align-left\" style=\"max-width:586px;\" readability=\"6\">\n<figure class=\"figure--overlay\" readability=\"2\">\n<div class=\"field field--asset-image\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" typeof=\"foaf:Image\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/09\/2b54d20a1e5a8f75357e91cfa0aaafbc.jpg?resize=586%2C330&ssl=1\" width=\"586\" height=\"330\" alt=\"Business man comparing credit percentage offers\"\/><\/div>\n<\/div>\n<\/div>\n<p class=\"figure__credit\">\n \u00a9 anyaberkut – iStock\/Getty Images Plus <\/p><figcaption><\/figcaption><\/figure>\n<\/div>\n<p>The Fed lifted its rate to range between 2 percent and 2.25 percent. This is the third time in a year the Fed has raised its rate. The committee points to an upbeat economy that is \u201chealthy and moving forward.\u201d<\/p>\n<p>\u201cThese rates remain low,\u201d Federal Reserve Chairman Jerome Powell said at a news conference. \u201cThis gradual return to normal is helping to sustain this strong economy for the longer-run benefit of all Americans.\u201d<\/p>\n<p>While the Fed\u2019s key rate is not directly tied to mortgage rates, it does often have an impact to home <a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/get-real-estate-loan-for-real-estate-investors\" title=\"loan\" data-wpil-keyword-link=\"linked\">loan<\/a> rates.<\/p>\n<p>\u201cThe era of super-low mortgage rates is over and consumers will face higher interest rates over the next two years,\u201d says Lawrence Yun, chief economist of the National Association of REALTORS\u00ae. \u201cAnother rate hike by the Fed is almost certain before year\u2019s end, along with three further rounds of increases in 2019. These interest rate increases are occurring for good reason: an improving economy. Therefore, home sales should hold steady as the opposing forces of higher rates and more jobs neutralize each other. <a href=\"https:\/\/amazingproperty.com.ng\/blog\/tips-for-house-price-negotiation\/\">Home price<\/a> growth will surely slow, however, as higher interest rates limit the stretching of the homebuyers\u2019 budget.\u201d<\/p>\n<p>The Fed strongly hinted at more hikes ahead. \u201cThe committee expects that further gradual increases in the target range for the federal <a href=\"https:\/\/amazingproperty.com.ng\/blog\/get-quick-loan-for-real-estate-investment\/\">funds<\/a> rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the committee\u2019s symmetric 2 percent objective over the medium term,\u201d the Fed said in a statement. \u201cRisks to the economic outlook appear roughly balanced.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<div class=\"pane pane--rmo-main-url-path-strip\">\n<div class=\"pane__content\">\n<div class=\"title-layout\">\n<h2>\n<div class=\"field field--optional-title\" readability=\"6\">\n<div class=\"field-items\" readability=\"7\">\n<p>Recent Stories in This Section<\/p>\n<\/div>\n<\/div>\n<\/h2><\/div>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> <\/p>\n<p> <br \/>\n \n <\/div>\n<\/p><\/div>\n<p><\/main><\/p>\n<p><br \/>\n<br \/>\n <img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"position: fixed;\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/09\/c0a5d51519e4b8e0d0bac8e5322e9fee.gif?resize=1%2C1&ssl=1\" width=\"1\" height=\"1\"\/><\/body><\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/4qVZRIbCTEM\/era-of-super-low-mortgage-rates-is-over\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Era of Super-Low Mortgage Rates Is Over\u2019 | Realtor Magazine Internet Explorer does not … <a title=\"\u2018Era of Super-Low Mortgage Rates Is Over\u2019\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/era-of-super-low-mortgage-rates-is-over\/\"><span class=\"screen-reader-text\">\u2018Era of Super-Low Mortgage Rates Is Over\u2019<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":8911,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,518,1403,12908,543,215,248,344,408,1295,1292,15272,41,818,84,2878,479,15296,15303,17],"class_list":["post-8910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-america","tag-buy","tag-home","tag-home-buying-guide","tag-home-sale","tag-home-sales","tag-housing","tag-mortgage","tag-mortgage-rate","tag-mortgage-rates","tag-outlook","tag-property","tag-real","tag-real-estate","tag-real-estate-market","tag-realtor","tag-target","tag-twitter","tag-vendor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/09\/09_27_18_Mortgage_Rates_Feature.jpg?fit=586%2C330&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":10190,"url":"https:\/\/amazingproperty.com.ng\/blog\/key-u-s-mortgage-statistics\/","url_meta":{"origin":8910,"position":0},"title":"See The Key U.S. mortgage statistics","author":"Amazing Property","date":"June 9, 2020","format":false,"excerpt":"\u00a0 Welcome to this page today . It\u2019s always a good idea to keep an eye on the U.S. real estate market, remembering how the 2007-2009 housing bubble originated from there. Every real estate investor, buyer, or seller should be acquainted with the Key US mortgage statistics\u00a0\u00a0 , in 2016\u2026","rel":"","context":"In "Mortgage"","block_context":{"text":"Mortgage","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/mortgage\/"},"img":{"alt_text":"US mortgage statistics","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/06\/US-mortgage-statistics.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/06\/US-mortgage-statistics.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/06\/US-mortgage-statistics.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/06\/US-mortgage-statistics.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8269,"url":"https:\/\/amazingproperty.com.ng\/blog\/5-mortgage-rates-arent-scaring-buyers\/","url_meta":{"origin":8910,"position":1},"title":"5% Mortgage Rates Aren\u2019t Scaring Buyers","author":"Amazing Property","date":"February 13, 2018","format":false,"excerpt":"Mortgage rates are inching higher, and most home buyers seem unfazed by it. Only 6 percent of prospective home buyers recently surveyed said they would stop their home search if mortgage rates rose above 5 percent, according to a new survey released by the real estate brokerage Redfin of more\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Redfin Mortgage Rates.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Redfin_mortgage-rates.png?fit=844%2C585&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Redfin_mortgage-rates.png?fit=844%2C585&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Redfin_mortgage-rates.png?fit=844%2C585&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Redfin_mortgage-rates.png?fit=844%2C585&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":857,"url":"https:\/\/amazingproperty.com.ng\/blog\/with-mortgage-rates-on-the-rise-is-it-time-to-worry\/","url_meta":{"origin":8910,"position":2},"title":"With Mortgage Rates on the Rise: Is It Time to Worry?","author":"Amazing Property","date":"February 21, 2017","format":false,"excerpt":"Mortgage rates can also affect sellers who are wishing to place their home on the market. While you want to obtain the most money for your home at closing .\u00a0\u00a0 Unless you\u2019re one of the fortunate few who plan on using cash to purchase a home, you need to stay\u2026","rel":"","context":"In "Mortgage"","block_context":{"text":"Mortgage","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/mortgage\/"},"img":{"alt_text":"Mortgage Rates","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/house.jpg?fit=500%2C332&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2015,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-advice-use-mortgage-broker-agent-referred\/","url_meta":{"origin":8910,"position":3},"title":"Mortgage Advice: Should You Use the Mortgage Broker Your Agent Referred?","author":"Amazing Property","date":"March 17, 2017","format":false,"excerpt":"\u00a0 Mortgage Brokers are often referred business by real estate agents and have long-standing relationships with them. \u00a0Like most professionals within a service industry, they also specialize in a specific type of program like USDA or FHA programs which should arise from their experience in past transactions using that loan\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Mortgage Broker","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/shutterstock_274686614.jpg?fit=1000%2C668&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/shutterstock_274686614.jpg?fit=1000%2C668&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/shutterstock_274686614.jpg?fit=1000%2C668&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/shutterstock_274686614.jpg?fit=1000%2C668&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8424,"url":"https:\/\/amazingproperty.com.ng\/blog\/much-more-to-mortgages-than-interest-rates\/","url_meta":{"origin":8910,"position":4},"title":"Much More to Mortgages Than Interest Rates","author":"Amazing Property","date":"February 26, 2018","format":false,"excerpt":"There's a significant consumer misconception that mortgages are all about interest rates. Find the lowest rate and you've got a great mortgage. Wrong. Yes, the sign-up interest rate can be important, but there is a lot more to consider. The many factors and decisions involved in mortgages determine what the\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"21a8964d6722dd60fe12f91dd284f041 S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/21a8964d6722dd60fe12f91dd284f041_S.jpg?fit=424%2C274&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1940,"url":"https:\/\/amazingproperty.com.ng\/blog\/real-estate-this-spring-the-early-bird-wins\/","url_meta":{"origin":8910,"position":5},"title":"Real Estate This Spring: The Early Bird Wins","author":"Amazing Property","date":"March 14, 2017","format":false,"excerpt":"Entering real estate\u2019s traditionally busiest time of year, the housing market is being buoyed by a stronger economy and consumer confidence. Job creation is 30 percent stronger this year compared to a year ago, unemployment is near a 9-year low, and wages and incomes are growing at the largest levels\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=8910"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8910\/revisions"}],"predecessor-version":[{"id":90607,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8910\/revisions\/90607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/8911"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=8910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=8910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=8910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}