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

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles How to Buy a House in New York Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Purchase and sale agreement

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

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

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

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. from March 2024.

Finance

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

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

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

MARCH 27, 2025

This cost is expressed as a percentage of the loan amount and can be structured in two primary ways: fixed-rate and adjustable-rate. A fixed-rate mortgage provides stability and predictability. Once you lock in your interest rate, it remains the same for the entire duration of your loan term.

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

MARCH 25, 2025

Fixed Mortgages vs. Variable Rents: This is a big one that often gets overlooked. When you buy a home with a fixed-rate mortgage , your principal and interest payment stays pretty much the same for the life of the loan. Sure, property taxes and insurance can change, but your biggest housing expense is locked in.

Equity

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

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

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. How to buy a house with cash Buying a house with cash is easier than going through the mortgage process, but it doesn’t mean you just hand over the funds and get the key. However, there are drawbacks as well. Don’t do it.

Earnest money deposit

Marco Santarelli

MAY 6, 2025

States With the Lowest Mortgage Rates Today May, 06 2025 National Mortgage Rate Snapshot Before we zoom in on the states with the lowest rates, let's get a national overview. As of today, May 6, 2025, the national average for a 30-year fixed-rate mortgage is 7.00%.

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

The Close

JUNE 10, 2025

While some mortgage rates initially dipped following Trump’s announcement, the overall uncertainty has caused homebuyers and investors to be more cautious. This hesitation has slowed home sales and led to a more reserved approach in the market. Tariffs can increase prices, potentially leading to inflation.

Mortgages

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 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

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines.

Mortgages

Housing Wire

OCTOBER 21, 2021

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. Mortgage application activity dropped 6.3%

Fixed-rate mortgage

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. The survey shows the same rate was 4.67% a year ago. “Spring sellers should start getting their home ready for sale, keeping in mind that it took longer than expected to prep.” ” Surging rates ahead?

Marketing

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% by the end of 2024 from the current federal funds rate range of 5.25%-5.5%.

Fixed-rate mortgage

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.91%.

Fixed-rate mortgage

Housing Wire

SEPTEMBER 23, 2021

HousingWire spoke to Sage Nichols about some of the current trends and technology in mortgage underwriting and how CoreLogic’s Complete Collateral is helping underwriters work more efficiently. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. Presented by: CoreLogic.

Mortgages

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages

Housing Wire

OCTOBER 15, 2021

Economists at Fannie Mae expect an increase mortgage rates and home prices in 2022 due to higher inflation , a tightening of monetary policy, and low home inventory. Fannie Mae in its October economic forecast said it expects the 30-year fixed rate mortgage to average 3.3% million sales in 2021.

Mortgages

Housing Wire

JANUARY 21, 2022

Sam Khater, chief economist at Freddie Mac, said in a statement that the “combination of a large number of entry-level homebuyers facing a shortage of entry-level inventory of homes for sale should keep the housing market competitive.”. The report also added that home sales are projected to hit 6.9 in 2021 to 6.2% million in 2023.

Fixed-rate mortgage

Housing Wire

APRIL 17, 2024

Mortgage rates hold major power in the housing industry; most importantly, high rates exacerbate the current affordability crisis by walloping the buying power of would-be buyers and discouraging some would-be sellers – those with low, fixed-rate mortgages – from listing their homes, a drain on available inventories.

Mortgages

Housing Wire

APRIL 14, 2022

.” The gulf between the average 30-year-fixed rate conforming mortgage and a 30-year jumbo, a product for wealthier borrowers, widened to 42 basis points, according to Black Knight ‘s Optimal Blue OBMMI pricing engine, which considers refinancings and additional data from the Mortgage Bankers Association (MBA).

Mortgages

Housing Wire

FEBRUARY 10, 2021

Nunnink joined Freddie Mac in 2012 in production and sales where she led the development of several of Freddie Mac Multifamily’s more innovative offerings. Before that, Nunnink held various production roles for banks and investment groups.

Equity

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. It was the expectation that the U.S.

Mortgages

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Marketing

Housing Wire

MAY 26, 2022

Minutes from the Fed’s meeting earlier this month released Wednesday showed policymakers emphasized the need to quickly raise interest rates to bring consumer prices closer to the Fed’s 2% goal. The Fed also has repeatedly signaled it will raise rates six times in 2022, and likely several more in 2023. million in 2021.

Mortgages

Housing Wire

MAY 19, 2022

The MBA data show far fewer home sales and mortgage originations in 2022 than a year ago. Meanwhile, the MBA expects 5.934 million home sales in 2022, compared to 6.127 million in 2021. Mortgage rates are following the Federal Reserve ’s (Fed) inflation-fighting monetary policy. trillion this year, compared to $3.9

Mortgages

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing