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

Toronto Realty Blog

MAY 22, 2025

b) The fact that I have a running spreadsheet with monthly inflation, unemployment, and BOC lending rates, and I update it every single month like clockwork. ” Bryan Yu, Central 1 Credit Union: “Elevated core inflation underscores the challenges facing the Bank in setting the policy rate going forward.”

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

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

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

Norada Real Estate

JUNE 6, 2025

State-Level Regulations: Mortgage regulations vary from state to state. These differences can affect the costs and risks associated with lending, ultimately influencing the rates offered. When many lenders are competing for your business, you're more likely to score a lower rate.

Mortgages

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

Marco Santarelli

JUNE 26, 2025

These states often have a combination of strong economies, competitive lending environments, and stable real estate markets, which contribute to their lower average mortgage rates. Rhode Island: Small geographic location, Rhode Island's economy could be limiting competition, which means that there are higher rates.

Mortgages

Marco Santarelli

MAY 2, 2025

As of today: The national average for a 30-year fixed-rate mortgage for new purchases is around 6.88%. Rates jumped up in early April, hitting a high of 7.14% the highest since May 2024. Tennessee: A growing real estate market and a business-friendly environment are helping to keep rates attractive in Tennessee.

Mortgages

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

Marco Santarelli

JULY 4, 2025

4.14% (Close: 4.02%) – Rates at about 4% June: 3.72-4.02% Key Takeaway for 2029: Rates gradually increase. Federal Reserve (The Fed): The Fed's monetary policy has a huge impact on interest rates. The Fed influences rates by setting the federal funds rate (the rate at which banks lend to each other overnight).

Mortgages

Marco Santarelli

JULY 6, 2025

4.14% (Close: 4.02%) – Rates at about 4% June: 3.72-4.02% Key Takeaway for 2029: Rates gradually increase. Federal Reserve (The Fed): The Fed's monetary policy has a huge impact on interest rates. The Fed influences rates by setting the federal funds rate (the rate at which banks lend to each other overnight).

Mortgages

Marco Santarelli

APRIL 24, 2025

The Fed's Recent Actions and the May Meeting The Fed, in simple terms, is like the central bank of the United States. One of its main jobs is to keep the economy stable by managing interest rates. They do this by setting the federal funds rate, which influences what banks charge each other for lending money overnight.

Mortgages

Marco Santarelli

MARCH 6, 2025

Decoding Mortgage Jargon: What Does It All Mean? Let's be real, the mortgage world is full of confusing terms. Let me break down some of the most important ones: Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term. Shop Around: Don't settle for the first rate you're offered!

Mortgages

Marco Santarelli

MAY 3, 2025

According to reports, while the unemployment rate remains stable, the addition of more jobs suggests a robust economy. As a result, banks and lenders often increase mortgage rates in response to positive economic indicators. Global Economic Factors : Global events and economic ties significantly affect domestic markets.

Mortgages

Marco Santarelli

MAY 3, 2025

According to reports, while the unemployment rate remains stable, the addition of more jobs suggests a robust economy. As a result, banks and lenders often increase mortgage rates in response to positive economic indicators. Global Economic Factors : Global events and economic ties significantly affect domestic markets.

Mortgages

Marco Santarelli

MAY 22, 2025

National Average: The national average for a 30-year fixed-rate mortgage is currently at 7.11%, showing a slight increase due to bond market activity influenced by President Trump's proposed tax bill. When the Fed buys bonds, it increases demand, driving prices up and yields (interest rates) down.

Mortgages

Marco Santarelli

JUNE 18, 2025

Understanding the Fed's Latest Move On June 18, 2025, the Federal Open Market Committee (FOMC), which is the group within the Federal Reserve that makes decisions about interest rates, announced that they would keep the federal funds rate where it is, between 4.25% and 4.5% ( Federal Reserve FOMC Statement June 18, 2025 ).

Mortgages

Marco Santarelli

JULY 31, 2025

Here's how it works in your favor: Debt Devaluation: As inflation rises, the real value of your fixed-rate mortgage decreases over time. Finding the Right Financial Partner When diving in to property investment, you must seek the right people to help you along the way on both the real estate side and in lending.

Mortgages

The Close

JUNE 10, 2025

Tighter lending standards: Economic uncertainty and higher borrowing costs could prompt lenders to tighten their credit standards, making it harder for potential buyers to qualify for mortgages. If inflation rises, the Federal Reserve may raise interest rates to control it, which could also lead to higher mortgage rates.

Mortgages

Marco Santarelli

JULY 10, 2025

Decoding Mortgage Jargon Before diving deeper, let's quickly define some key terms: APR (Annual Percentage Rate): This is the total cost of your loan , including interest and fees, expressed as an annual rate. Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term.

Mortgages

Marco Santarelli

MARCH 17, 2025

But why is it that some people get those lower rates while others end up with something higher? And risk, in the lending world, translates directly into interest rates. Loan Type: 30-Year Fixed, 15-Year Fixed, and Beyond. The most common type of mortgage is the 30-year fixed-rate mortgage.

Mortgages

The Mortgage Report

JUNE 12, 2025

At its three previous meetings, the central bank held rates steady in January, March, and again in May. How will economic data and indicators weigh on the June fed funds rate decision? Find your lowest mortgage rate. Start here Will the Fed cut rates in June? in May from 2.3% Time to make a move?

FHA 203k rehab loan

The Mortgage Report

JULY 22, 2025

Or will the committee keep rates steady (or possibly even raise them)? The annualized inflation rate remains above the Fed’s long-term goal of 2%, and most recently increased to 2.7% The central bank held rates steady at its four previous meetings in January, March, May, and June. Find your lowest mortgage rate.

FHA 203k rehab loan

The Mortgage Report

JUNE 18, 2025

With the annualized pace of inflation ticking back up in May and the Trump Administration sowing instability domestically and abroad, the central bank determined now isn’t the time. However, mortgage rate movements varied in the immediate aftermath of the most recent Fed decisions. Time to make a move?

FHA 203k rehab loan

The Mortgage Report

JULY 30, 2025

Between inflation rising for the second straight month and the unstable geopolitical landscape, the central bank decided to wait. “In However, mortgage rate movements varied in the immediate aftermath of the most recent Fed decisions. Previous to joining The Mortgage Reports, he was a reporter for National Mortgage News.

FHA 203k rehab loan

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising.

Equity

Housing Wire

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks.

Banks

Housing Wire

MARCH 16, 2023

After increasing steadily for over a month, mortgage rates fell last week following a deposit run that provoked a liquidity crisis in regional U.S. financial institutions — and resulted in the failures of Silicon Valley Bank and Signature Bank. But what is there to expect ahead for the housing market? by mid-week.

Banks

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. Presented by: Black Knight.

Fixed-rate mortgage

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Still, homebuyers took advantage of declining rates provoked by the turbulence and applied for home loans. retail residential mortgage applications.

Banks

Housing Wire

MARCH 20, 2023

It is often said that the Fed raises interest rates until something breaks. Many have already pointed to the failures of Silicon Valley Bank , Silvergate Bank , and Signature Bank as evidence that the Fed “finally broke something.” In 2021, mortgage originations hit a record high of $4.4 trillion in 2023.

Banks

Housing Wire

OCTOBER 12, 2023

To that end, the CHLA, NAR and ICBA urged that the Federal Reserve shift its policy to maintain its stock of mortgage-backed securities (MBS) and suspend runoff until liquidity and the spread between the 30-year fixed rate mortgages and 10-year Treasury stabilizes.

Fixed-rate mortgage

Housing Wire

SEPTEMBER 16, 2021

According to Freddie Mac, the 30-year-fixed-rate mortgage was down slightly from last week’s 2.88% (with an average of 0.7 The 15-year-fixed-rate mortgage averaged 2.12% last week, a slight decline from the prior week’s 2.19%. A year ago, the average 15-year-fixed-rate mortgage was 2.35%.

Fixed-rate mortgage

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgages

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. This insurance protects lenders against losses.

Industrial