Marco Santarelli

JULY 21, 2025

Recent trends show a modest increase in refinance rates: Refinance Loan Type Rate (July 21, 2025) Weekly Change 30-Year Fixed Refinance 7.17% Up 0.04% 15-Year Fixed Refinance 5.98% Up 0.05% 5-Year ARM Refinance 7.91% Up 0.02% This rise is noteworthy because refinancing costs more even as purchase mortgage rates are steady or slightly lower.

Mortgages

Redfin

JULY 23, 2025

The amount you’ll be required to put down may vary depending on the loan program you use to finance the home purchase. The amount you’ll be required to put down may vary depending on the loan program you use to finance the home purchase. Government-backed loans like USDA and VA allow down payments as low as 0%.

FHA loan

Marco Santarelli

MARCH 31, 2025

Current Mortgage Rates Breakdown When you're looking to buy a home, the interest rate you lock in plays a huge role in your monthly payment and the total amount you'll pay over the life of the loan. Fixed-rate mortgages (like the 15-year, 20-year, and 30-year options) keep the same interest rate for the entire loan term.

Mortgages

Marco Santarelli

MARCH 11, 2025

Fixed-Rate Mortgages : As mentioned, fixed-rate mortgages provide stability by locking in your interest rate for the loan's duration. This means your monthly payments for principal and interest remain the same, making it easier for you to budget over time.

Fixed-rate mortgage

Marco Santarelli

MARCH 16, 2025

Breaking Down Today's Mortgage Rates Loan Type Interest Rate 30-Year Fixed 6.59% 20-Year Fixed 6.45% 15-Year Fixed 5.93% 5/1 ARM 6.85% 7/1 ARM 7.13% 30-Year VA 6.15% 15-Year VA 5.59% 5/1 VA 6.15% As you can see, the 30-year fixed-rate mortgage the most common choice for homebuyers is currently averaging 6.59%.

Mortgages

Marco Santarelli

FEBRUARY 26, 2025

And look at those VA loan rates if you're eligible for a VA loan, those are some seriously attractive numbers, especially the 15-year VA at just 5.30%. Are you glued to your screen, constantly refreshing to find out today's mortgage rates ? Well, breathe a sigh of relief, because there's a bit of good news!

Mortgages

The Mortgage Report

AUGUST 5, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? How Soon Can I Refinance?

FHA 203k rehab loan

The Mortgage Report

JULY 8, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? What Are the Different Types of Home Equity Loans and Which Is Best?

Equity

Marco Santarelli

MARCH 20, 2025

Be prepared for higher monthly payments compared to a 30-year loan. VA Loans – A Benefit for Veterans: Backed by the Department of Veterans Affairs, VA loans offer significant advantages to eligible veterans, active-duty service members, and surviving spouses. Are you keeping an eye on mortgage rates?

Mortgages

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. These expenses add up quickly and vary widely by location.

Closing costs

Redfin

JULY 30, 2025

Most homebuyers will need to think ahead about the following costs when estimating how much money is needed to purchase a home: Down payment: The down payment is a percentage of the home’s purchase price, anywhere from 0% to 20% depending on your loan. But the buying process also raises plenty of questions, and that’s totally normal.

Pre-approval

Marco Santarelli

MARCH 27, 2025

VA Loans: Continue to offer potentially lower rates for eligible military-affiliated borrowers. The 30-year VA loan rate is at 6.14%. FHA Loans: May provide lower rates than conventional loans, but typically involve mortgage insurance payments for the duration of the loan.

Mortgages

Marco Santarelli

FEBRUARY 16, 2025

per month (Principal & Interest) 15-Year Fixed (5.87%) : Approximately $1,296.19 per month (Principal & Interest) Monthly Payment on $200K Mortgage For a $200,000 mortgage: 30-Year Fixed (6.53%) : Approximately $1,267.99 per month (Principal & Interest) 15-Year Fixed (5.87%) : Approximately $1,728.25

FHA loan

Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week. VA Loans : The 30-year fixed VA loan is at 6.52% , an increase of 0.11%.

Mortgages

Redfin

JULY 24, 2025

Reduces the mortgage principal, leading to lower monthly payments and total interest over time. Acts as a risk mitigant for lenders by lowering the loan-to-value (LTV) ratio. Think of it this way: the less money you have to take out as a loan, the smaller the principal amount that your bank calculates your payments on.

Principal

Marco Santarelli

AUGUST 5, 2025

The 15 basis points drop in purchase mortgage rates reduces your monthly payment by about $18, a modest but meaningful savings over the life of the loan. As of August 5, 2025, mortgage rates have dropped slightly for homebuyers but refinance rates have edged higher. Understanding the Numbers: What Does This Mean for You?

Mortgages

Marco Santarelli

JULY 24, 2025

Government loans , such as FHA (Federal Housing Administration) and VA (Veterans Affairs) loans, typically serve borrowers with lower credit scores or limited down payments. Government-backed loan rates are generally higher than conforming loan rates now.

Mortgages

Marco Santarelli

JUNE 30, 2025

Government Loans Mixed: FHA rates increased, while VA rates showed slight increases. Jumbo Loans Varied: Jumbo loan rates experienced a mix of increases and decreases across different terms. But other conforming loans saw both increases and decreases. Knowing today's mortgage rates is the first step.

Fixed-rate mortgage

Redfin

JULY 23, 2025

VA loans , available to eligible veterans and active-duty service members, require no down payment and no PMI. Other options like FHA loans or certain first-time homebuyer programs allow down payments as low as 3%, though they may still include mortgage insurance and stricter debt limits. However, there are exceptions.

Debt-to-income ratio

Marco Santarelli

APRIL 12, 2025

Here are the latest rates as reported by Zillow: Mortgage Product Current Rate 30-Year Fixed 6.90% 20-Year Fixed 6.75% 15-Year Fixed 6.21% 5/1 ARM 7.24% 7/1 ARM 7.38% 30-Year VA 6.46% 15-Year VA 6.01% 5/1 VA 6.25% These figures represent national averages and are rounded to the nearest hundredth.

Mortgages

Redfin

JULY 31, 2025

A primary residence (also known as a principal residence) is the home you live in for a majority of the time. A primary residence (also known as a principal residence) is the home you live in for a majority of the time. It affects your mortgage rates, insurance, taxes, and eligibility for homeowner benefits.

Principal

Norada Real Estate

JULY 18, 2025

Today's Mortgage Rates Overview Below is a summary table showing today's mortgage rates by loan type based on July 18, 2025 data from Zillow: Loan Type Rate (%) Weekly Change APR (%) APR Weekly Change 30-Year Fixed 6.89 +0.05 Monthly principal and interest payments can be calculated using the mortgage formula or an online calculator.

Mortgages

Redfin

JULY 30, 2025

Additional qualifications Loans and programs Benefits of being a first-time homebuyer What are the next steps? down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S. Whether you’re purchasing a home in Lincoln, NE or Hartford, CT , this guide will help you navigate the process with ease.

Debt-to-income ratio

Marco Santarelli

JULY 31, 2025

Overview of Today's Mortgage Rates Mortgage rates have been relatively stable this week with minor decreases noted in key loan types. The most popular mortgage — the 30-year fixed-rate loan — is now averaging 6.84%, which is a slight drop of 2 basis points from 6.86% the previous week.

Mortgages

Marco Santarelli

JULY 18, 2025

Today's Mortgage Rates Overview Below is a summary table showing today's mortgage rates by loan type based on July 18, 2025 data from Zillow: Loan Type Rate (%) Weekly Change APR (%) APR Weekly Change 30-Year Fixed 6.88 +0.04 Monthly principal and interest payments can be calculated using the mortgage formula or an online calculator.

Mortgages

Marco Santarelli

MARCH 2, 2025

This type allows homeowners to spread out their payments over three decades, resulting in lower monthly payments compared to shorter term loans. This type allows homeowners to spread out their payments over three decades, resulting in lower monthly payments compared to shorter term loans. What Are Today's Mortgage Rates?

Mortgages

Housing Wire

APRIL 9, 2025

and Van Orden have said that VASP was created for political purposes by the Biden-Harris administration to undercut the [ Department of Veterans Affairs (VA)] Home Loan program. 1815 to enhance the VAs loss mitigation tool kit, and urges Members to vote Aye to advance H.R. Mike Bost (R-Ill.)

HR

Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week. VA Loans : The 30-year fixed VA loan is at 6.52% , an increase of 0.11%.

Mortgages

Housing Wire

MAY 6, 2025

MBA supports the goal of this legislation to provide VA borrowers with a long-overdue, effective, and stable loss mitigation option and looks forward to continuing our collaboration as the bill advances for eventual full House consideration, the letter stated.

Mortgages

Marco Santarelli

MAY 22, 2025

He generally advises against FHA and VA loans due to their additional fees. Well, according to the financial guru Dave Ramsey, the answer is a firm no. His 2025 housing market predictions suggest we won't see a collapse. Ramsey's prediction is that we'll likely see rates stabilize around the 6.5% You have a solid down payment.

Marketing

Marco Santarelli

JULY 30, 2025

Refinance rates for 30-year fixed loans are just a smidge higher than last week at 7.09%. Refinance applicants, while facing rates slightly higher than purchase rates, may still find value due to potential loan term restructuring or cash-out possibilities. through late 2025. Price growth slowing to 2.5%

Mortgages

Marco Santarelli

JULY 29, 2025

Currently, the 30-year fixed-rate mortgage, the most common loan type for homebuyers, has edged slightly upward to 6.87%. As of today, July 29, 2025, mortgage rates have shown mixed but mostly slight increases. However, it has edged up slightly to 6.87% this week, a modest increase from last week's 6.86%.

Mortgages

Marco Santarelli

JULY 29, 2025

Currently, the 30-year fixed-rate mortgage, the most common loan type for homebuyers, has edged slightly upward to 6.87%. As of today, July 29, 2025, mortgage rates have shown mixed but mostly slight increases. However, it has edged up slightly to 6.87% this week, a modest increase from last week's 6.86%.

Mortgages

Housing Wire

SEPTEMBER 1, 2020

According to the CFPB, Service 1st Mortgage and Hypotec advertised specific credit terms, such as interest rates, APRs, and hypothetical payment amounts that they wer not prepared to offer, or that they could only offer for an introductory period but advertised as if they were permanent loan terms. 26, the CFPB settled with PHLoans , Inc.,

VA loan

Housing Wire

MARCH 27, 2024

Department of Veteran Affairs (VA) to revise its policies that ban veterans from paying broker commissions, an issue that is gaining attention following the NAR’s landmark $418 million settlement. The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out.

VA loan

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan

Housing Wire

MAY 25, 2021

percent of the principal, which could be financed, and would not pay a monthly insurance premium. The benefit is modeled on the widely used home loan program for veterans, which is administered by the Department of Veterans Affairs. Homebuyers would pay an up-front mortgage insurance premium of 3.6

FHA loan