Marco Santarelli

APRIL 1, 2025

For the benchmark 30-year fixed-rate mortgage , we're looking at an average of 6.55%. Now, four basis points might sound small, but in the world of mortgages, every little bit counts. Now, four basis points might sound small, but in the world of mortgages, every little bit counts. Let's dive into the specifics.

Fixed-rate mortgage

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

MARCH 21, 2025

If you're wondering whether interest rates in the UK will go down gradually , the short answer is: yes, that's the expectation. The Bank of England has signaled a cautious approach to lowering rates, likely starting around May 2025. With the current Bank Rate at 4.5%, the aim is to reach around 4% by early 2028.

Banks

Marco Santarelli

JANUARY 11, 2025

Understanding Mortgage Rates To understand why mortgage rates are so high, it's essential to understand how they are set. If banks are paying higher interest rates, they will likely charge higher rates to mortgage borrowers.

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 27, 2025

These super-low rates weren't some lucky accident. Think of the Fed as the central bank of the United States, tasked with keeping our economy humming. One of the most powerful tools they used was lowering the federal funds rate to basically zero. When the pandemic hit, the economy slammed on the brakes.

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

Marco Santarelli

MAY 21, 2025

National Mortgage Rate Trends: A Broader Perspective Zooming out, let's look at the national mortgage rate averages. As of today, May 21, 2025: The average rate for a 30-year fixed-rate mortgage is 7.05%. FHA 30-Year Fixed averages 7.37%. 15-Year Fixed mortgages are averaging 6.08%.

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

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

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

Marco Santarelli

APRIL 10, 2025

Boost to the Housing Market: Lower rates can stimulate demand in the housing market, potentially leading to increased sales and a boost to the overall economy. According to reports, the bank has reduced some of its new mortgage rates by up to 0.38 This affects both two-year and five-year fixed-rate deals.

Mortgages

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

Marco Santarelli

APRIL 12, 2025

Adjustable Rates When considering mortgage options, many face the choice between fixed-rate and adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages Pros: Consistency: Monthly payments remain stable throughout the life of the loan, which allows for easier budgeting.

Mortgages

Redfin

JULY 30, 2025

What’s the difference between a fixed-rate mortgage and adjustable-rate mortgage? When choosing a mortgage, you’ll need to decide between a fixed-rate mortgage or an adjustable-rate mortgage (ARM).

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

These documents typically include recent tax returns, pay stubs, and bank statements to verify your income, employment status, and creditworthiness. Once you have gathered your financial documentation, I recommend researching the various types of mortgages available in New York.

Purchase and sale agreement

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

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

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 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. Investopedia indicated rates at 6.99% on June 4, 2025. So, generally speaking, you're looking at around 6.9% for a 30-year fixed-rate mortgage.

Mortgages

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

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

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

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

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

Redfin

JULY 31, 2025

Don’t select the first lender you find Don’t just go with the first mortgage offer you receive. If you shop around first, you could end up with a lower interest rate and better terms. What to do instead: To start, request quotes from multiple lenders, including banks, credit unions, and mortgage brokers.

VA loan

Marco Santarelli

AUGUST 1, 2025

6.96% National Mortgage Rate Trends: A Broader View While knowing the state-specific rates is helpful, it's equally important to understand the overall mortgage rate climate. As of today, the national average for a 30-year fixed-rate mortgage is 6.86%.

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

MARCH 27, 2025

Understanding How Mortgage Rates Function At its core, a mortgage interest rate is the cost you pay for the privilege of borrowing money from a lender. This cost is expressed as a percentage of the loan amount and can be structured in two primary ways: fixed-rate and adjustable-rate.

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.

Mortgages

Marco Santarelli

APRIL 27, 2025

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. Speed of Light Closings: Forget waiting 30, 45, or even 60 days for mortgage approval, appraisal, and all the hoops.

Finance

Marco Santarelli

MAY 5, 2025

It acts as the central bank of the United States, and one of its primary tools is setting the federal funds rate. Compare rates from at least three different lenders. Online lenders, credit unions, and local banks can all offer different terms. Shop Around: Don't settle for the first offer you get.

Mortgages

Redfin

JULY 30, 2025

Stability and predictable housing costs: With a fixed-rate mortgage, your monthly housing payment stays consistent, unlike rising rent. This usually includes pay stubs, bank statements, tax returns, proof of employment, and identification. 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