Marco Santarelli

DECEMBER 26, 2024

To grasp the concept of mortgage rates, it's important to note that these rates represent a fee for borrowing money, expressed as a percentage. There are mainly two types of mortgage rates: Type Description Fixed-Rate Mortgages A fixed-rate mortgage maintains the same interest rate for the entire loan duration.

Mortgages

Marco Santarelli

JANUARY 11, 2025

Despite the Federal Reserve's efforts to cut interest rates on loans and credit cards, mortgage rates havent budged significantly. Instead, mortgage rates closely follow the 10-year Treasury bond yields a benchmark that lenders use to determine long-term borrowing costsrather than directly responding to the Fed's adjustments.

Mortgages

Marco Santarelli

JULY 8, 2025

As of July 3, 2025, the average 30-year fixed-rate mortgage dipped to 6.67%. Take a look at the numbers: 30-Year Fixed-Rate Mortgage: Current Rate: 6.67% Weekly Change: -0.1% Take a look at the numbers: 30-Year Fixed-Rate Mortgage: Current Rate: 6.67% Weekly Change: -0.1%

Mortgages

Marco Santarelli

APRIL 23, 2025

Keeping an eye on these factors can give you a better sense of where rates might be headed. The Federal Reserve (The Fed): This is the central bank of the United States, and it plays a major role. The Fed sets the federal funds rate, which is the rate banks charge each other for overnight lending.

Mortgages

Marco Santarelli

MAY 6, 2025

Why Are ARM Rates Important? The interest rate on your mortgage is a big deal. Longer fixed-rate periods usually come with higher initial rates, but they offer more stability. Step 4: Compare rates and terms from multiple lenders. Shop around with at least three different banks or mortgage companies.

Mortgages

Marco Santarelli

MARCH 4, 2025

15-Year Fixed: You'll pay it off faster and pay significantly less interest over the life of the loan. Adjustable-Rate Mortgages (ARMs): These typically offer a lower initial interest rate than fixed-rate mortgages, but the rate can adjust periodically based on market conditions.

Mortgages

Marco Santarelli

MAY 27, 2025

For instance, while a 15-year loan will result in a higher monthly payment, overall interest payments are dramatically lower than they would be with a 30-year mortgage. Fixed-Rate vs. Adjustable-Rate Mortgages In the mortgage world, borrowers often face a choice between fixed-rate and adjustable-rate mortgages (ARMs).

Mortgages

Redfin

JULY 30, 2025

If you’re wondering if you’re ready to buy a house , consider these three factors: Financial stability: If you have a low credit score, lots of debt, and not enough funds to cover a down payment and closing costs, you may want to wait to buy a home. Closing costs: Typically 2-5% of the home’s purchase price. What are the closing costs?

Pre-approval

Toronto Realty Blog

MAY 22, 2025

.” Andrew Grantham, CIBC Capital Markets: “Headline inflation suddenly looks less taxing for the Bank of Canada, due to the elimination of the consumer carbon tax and the downward impact of that on gasoline prices, but some core measures remain a concern.”

Fixed-rate mortgage

Norada Real Estate

JULY 3, 2025

Future Projections : Experts anticipate rates may stabilize or see minor fluctuations in the upcoming months. Understanding Mortgage Rates A mortgage rate is the revolving interest that banks charge for lending money to homebuyers for purchasing real estate.

Loans

Rochester Real Estate

NOVEMBER 5, 2015

This involves making a careful budget that includes potential costs like the down payment, closing costs, taxes, and possible renovation expenses. The first step to buying a house in New York is to assess your financial readiness and get pre-approved for a mortgage. The most common types are fixed-rate and adjustable-rate mortgages.

Purchase and sale agreement

Marco Santarelli

JULY 8, 2025

Several factors conspire to create this disparity: Different Lenders, Different Strategies: Not every mortgage lender operates in every state. For example, a smaller, regional bank might be more aggressive with its rates to gain market share in its local area compared to a national giant. National Overview: Where Do We Stand?

Mortgages

Marco Santarelli

APRIL 10, 2025

But amidst all the uncertainty, there's a glimmer of good news for prospective homeowners: Barclays, one of the UK's “big six” lenders, has lowered its mortgage rates to below 4% on select deals. According to reports, the bank has reduced some of its new mortgage rates by up to 0.38 percentage points.

Mortgages

Marco Santarelli

FEBRUARY 26, 2025

Are you glued to your screen, constantly refreshing to find out today's mortgage rates ? As of February 26, 2025, we've seen a welcome dip in mortgage rates. The average 30-year fixed-rate mortgage is currently sitting at 6.35%. Q: Do mortgage rates change depending on where I live?

Mortgages

Marco Santarelli

JUNE 8, 2025

To adjust loan type: For example, switching from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage can provide more payment stability. You'll encounter closing costs , which can include appraisal fees, title insurance, and lender fees. Investopedia indicated rates at 6.99% on June 4, 2025.

Mortgages

Norada Real Estate

JUNE 20, 2025

The 30-year fixed-rate mortgages remain popular due to their stability over longer terms, whereas 7-year and 5-year ARMs tend to fluctuate more with market conditions. Their decisions on interest rates directly influence the rates banks charge for borrowing money, which then trickles down to mortgage rates.

Mortgages

Marco Santarelli

JUNE 28, 2025

A Snapshot of June 28, 2025 Mortgage Rates Here's a summary of the mortgage rates as of the latest update provided by Zillow on Saturday, June 28, 2025. The big question: should you go with an ARM or a fixed-rate mortgage? Believe that interest rates will decrease in the future.

Fixed-rate mortgage

Marco Santarelli

MARCH 17, 2025

The rate you personally qualify for can vary based on factors like your credit score, down payment amount, the type of property you're buying, and even where you live. The Popular 30-Year Fixed-Rate Mortgage The 30-year fixed-rate mortgage is still the most common choice for homebuyers, and for good reason.

Mortgages

Marco Santarelli

JUNE 12, 2025

National Average Mortgage Rates Loan Type Current Rate Change from Last Week APR APR Change 30-Year Fixed 6.91% -0.08% 7.34% -0.11% 15-Year Fixed 5.97% -0.03% 6.25% -0.11% 5-Year ARM 7.30% No change 7.83% -0.17% Key Observations: The national average for 30-year fixed-rate mortgages fell slightly from 6.99% last week to 6.91%.

Mortgages

Redfin

JULY 31, 2025

Skipping the home inspection or even small oversights can delay the closing date or have long-term consequences. Don’t max out your credit card debt Maxing out your credit cards is one of the biggest mistakes you can make before closing. If you shop around first, you could end up with a lower interest rate and better terms.

VA loan

Marco Santarelli

AUGUST 2, 2025

Understanding the Basics An Adjustable Rate Mortgage (ARM) is a type of mortgage where the interest rate is not fixed for the entire loan term. The Fed's Role: The Puppet Master Behind the Curtain Mortgage rates don't just appear out of thin air. Why the Focus on ARMs?

Mortgages

Marco Santarelli

APRIL 27, 2025

As someone who watches the real estate market closely and has seen different cycles, I can tell you that paying cash always gives you an edge. Why Cash is King, Yesterday, Today, and Tomorrow Before we get specifically into 2025, let's chat about the timeless superpowers that come with buying property using your own money, no bank involved.

Finance

Marco Santarelli

MAY 22, 2025

When he talks about mortgages, people pay attention, especially because he often advocates for more conservative approaches like the 15-year fixed-rate mortgage. Ramsey's Forecast: Lower Mortgage Rates Ahead In a recent interview with TheStreet , Ramsey shared his prediction that mortgage rates will “probably fall.”

Mortgages

Marco Santarelli

MARCH 18, 2025

The Fed Factor: How the Federal Reserve Impacts Mortgage Rates Tomorrow's Federal Reserve meeting is on everyone's radar because the Fed's decisions can significantly influence mortgage rates. The Federal Reserve (also known as the Fed) is the central bank of the United States.

Mortgages

Marco Santarelli

MARCH 20, 2025

30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible. The Purchase Rate vs. Refinance Rate Dynamic: It's not uncommon for refinance rates to be slightly higher than purchase rates.

Mortgages

Marco Santarelli

JULY 31, 2025

Mortgage Rates Predictions for the Next 3 Months: August to October 2025 Current Mortgage Rate Scenario As of late July 2025, we're looking at: 30-year fixed-rate mortgage (FRM): 6.74% 15-year FRM: 5.87% This tells me the market has settled down a bit after the craziness we've seen in recent years.

Mortgages

Marco Santarelli

JULY 4, 2025

5.96% (Close: 5.61%) – A promising start with a drop. 5.87% (Close: 5.70%) – A slight uptick. 5.71% (Close: 5.54%) – Further decline. 5.74% (Close: 5.57%) – Stability around the mid-5% range. 5.57% (Close: 5.34%) – A more significant drop. 5.31% (Close: 5.16%) – Holding steady.

Mortgages

Marco Santarelli

MAY 5, 2025

So, will mortgage rates go down after this week's Fed meeting? The short answer is: probably not immediately, but keep a close eye on what the Fed Chairman says. It acts as the central bank of the United States, and one of its primary tools is setting the federal funds rate.

Mortgages

Redfin

JULY 30, 2025

Homebuyer education Many first-time buyer programs require completion of an education course covering topics like budgeting, credit, house hunting , and closing. down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S. Prepare all your paperwork Start gathering everything you’ll need.

Debt-to-income ratio

Marco Santarelli

JULY 30, 2025

Mortgage Rates Predictions for the Next 90 Days: August-October 2025 Current Mortgage Rate Scenario As of late July 2025, we're looking at: 30-year fixed-rate mortgage (FRM): 6.74% 15-year FRM: 5.87% This tells me the market has settled down a bit after the craziness we've seen in recent years.

Mortgages

Marco Santarelli

JUNE 17, 2025

Specific rates were not highlighted this week, but they often parallel FHA loan offerings. Adjustable-Rate Mortgages (ARMs) Adjustable-rate mortgages (ARMs) can be appealing due to their initial lower rates when compared to fixed-rate mortgages. Will Mortgage Rates Finally Drop?

Mortgages

Norada Real Estate

JUNE 14, 2025

Shorter Loan Term: Switch from a 30-year to a 15-year mortgage to build equity faster and pay off your home sooner. Change Loan Type: Convert an adjustable-rate mortgage (ARM) to a fixed-rate mortgage for more predictability. Get quotes from multiple banks, credit unions, and online lenders.

Mortgages

Marco Santarelli

MAY 2, 2025

If you're in the market for a home, you're probably glued to mortgage rates! As of today, May 2, 2025, the states with the lowest mortgage rates for a 30-year new purchase are New York and Washington. These nine states showed average mortgage rates hovering between 6.68% and 6.85%.

Mortgages

Marco Santarelli

JULY 6, 2025

5.96% (Close: 5.61%) – A promising start with a drop. 5.87% (Close: 5.70%) – A slight uptick. 5.71% (Close: 5.54%) – Further decline. 5.74% (Close: 5.57%) – Stability around the mid-5% range. 5.57% (Close: 5.34%) – A more significant drop. 5.31% (Close: 5.16%) – Holding steady.

Mortgages

Norada Real Estate

JUNE 6, 2025

How Mortgage Rates are Determined Mortgage rates don't just appear out of thin air. In particular, keep a close watch on the yield of the 10-year Treasury bond. Mortgage rates often follow the trend of these yields. Loan Type: Different types of mortgages come with unique rate structures.

Mortgages

Redfin

AUGUST 5, 2025

If your piggy bank is full and it’s time for a move, you could have an opportunity to buy a house with cash. There are several advantages to buying a house with cash, including winning bidding wars and closing quickly on your dream home. Oftentimes, it’s more appealing to the seller because it promises a faster and simpler closing.

Earnest money deposit

Marco Santarelli

MAY 4, 2025

Keeping an eye on these factors can give you a better sense of where rates might be headed. The Federal Reserve (The Fed): This is the central bank of the United States, and it plays a major role. The Fed sets the federal funds rate, which is the rate banks charge each other for overnight lending.

Mortgages