Marco Santarelli

MAY 24, 2025

The average interest rate on a 30-year fixed-rate mortgage has climbed to 7.15% , marking the highest point we've seen in over a year, specifically since May 2, 2024. This increase has ripple effects across the housing market and impacts affordability for many. The 15-year fixed-rate mortgage tells a similar story.

Mortgages

Marco Santarelli

MAY 3, 2025

Are you thinking about buying a home, or perhaps refinancing your current mortgage? The news you've been waiting for is here: mortgage rates are continuing their downward trend. As of May 1, 2025, the 30-year fixed-rate mortgage has dipped to 6.76% , a welcome change compared to the earlier part of the year.

Debt-to-income ratio

Marco Santarelli

MARCH 4, 2025

However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. It signifies a potentially more favorable environment for entering the housing market or adjusting your current mortgage terms. mortgage rates.

Mortgages

Marco Santarelli

APRIL 17, 2025

These rates, though still higher than historic lows, are trending down, signaling potential opportunities for those aiming to lock in favorable borrowing costs in a volatile market. Variable-rate loans , like ARMs, remain near 7%, offering alternatives to fixed-rate loans. Why Are Rates Falling Now?

Mortgages

Marco Santarelli

FEBRUARY 28, 2025

Economists don't expect a big drop in rates for the rest of 2025. Now might be a good time to lock in lower rates. Understanding Current Mortgage Rates Okay, so what do these numbers actually mean ? That's why it's super important to understand the basics of these rates and what kind of loans are out there.

Mortgages

Marco Santarelli

FEBRUARY 24, 2025

More homeowners are deciding to sell, which means there are more houses on the market. Bond Market Behavior: Mortgage rates are closely tied to the 10-year Treasury note. If the economy looks strong, and inflation is still high, bond yields (and mortgage rates) tend to rise.

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.

Pre-approval

Redfin

APRIL 11, 2025

What used to be a 3-to-7-year stay in a starter home is now stretching much longer as the market remains competitive and interest rates stay high. While starter homes arent as widely available as they once were, they can still be found in certain markets. Is it still possible to buy a starter home? So, what is a starter home?

Marketing

Marco Santarelli

MAY 31, 2025

The 30-year fixed rate is currently 6.84% and the 15-year fixed rate is 5.99%. Refinance rates are also lower, making it a good time for existing homeowners considering refinancing. The housing market remains competitive, but with signs of easing inflation, conditions may improve further.

Mortgages

Marco Santarelli

AUGUST 5, 2025

Alright, let's dive into the mortgage market. As of today, August 5, 2025, the national average 5-year Adjustable Rate Mortgage (ARM) has risen by 3 basis points, climbing from 7.11% to 7.14%. Do you go for the reliable chocolate cake (a fixed-rate mortgage ) or the more adventurous crème brûlée (an ARM )?

Fixed-rate mortgage

Marco Santarelli

JUNE 9, 2025

Borrowers can see the differences based on loan type, which is vital when deciding between fixed and adjustable-rate mortgages as well as considering whether they meet standards set for government-backed loans. Fixed-Rate Mortgages : These loans are straightforward.

Mortgages

Marco Santarelli

APRIL 2, 2025

Refinance Rates: Generally slightly higher than purchase rates, but also reflecting similar downward trends. Adjustable-Rate Mortgages (ARMs): Introductory rates can be attractive, but fixed rates currently look more appealing due to market conditions.

Mortgages

Norada Real Estate

JUNE 7, 2025

Should You Refinance Your Mortgage in June 2025 or Wait? Understanding Where Mortgage Rates Stand in June 2025 As we look at the mortgage market in early June 2025, the numbers tell an interesting story. My advice: Don't underestimate even a seemingly small rate reduction. Refinancing isn't free.

Mortgages

Redfin

JULY 31, 2025

State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help. Fannie Mae’s HomePath Ready Buyer Program : This offers up to 3% in closing cost assistance when purchasing a HomePath property and completing a homeownership course.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

You need to understand the ins and outs of the local property market. I always recommend that my clients understand current trends, know the dynamics of different neighborhoods, and analyze property costs. But studying the market is not enough. To be successful, you must also consider your financial position.

Purchase and sale agreement

Marco Santarelli

JUNE 8, 2025

Should I Refinance My Mortgage Now or Wait Until 2026? Navigating the world of mortgages and interest rates felt like trying to decipher a secret code. Now, having followed the market for years, I’ve learned that timing your refinance can be just as crucial as getting a good initial loan. There are so many moving parts!

Mortgages

Marco Santarelli

APRIL 30, 2025

Today's Mortgage Rates – April 30, 2025: Rates Drop for Homebuyers Key Takeaways Mortgage Rates Decrease: The average 30-year fixed mortgage rate is now 6.59% , while 15-year fixed rates are at 5.91%. However, refinancing isnt only about securing lower rates.

VA loan

Norada Real Estate

JUNE 8, 2025

Average Refinance Rate for 30-Year Fixed : Currently 7.25% , down from 7.28%. Current Mortgage Rates Overview Changing mortgage rates can have significant implications for homebuyers and the housing market as a whole. The most popular option is the 30-year fixed-rate mortgage.

Debt-to-income ratio

Marco Santarelli

JUNE 2, 2025

Current Mortgage Rate Overview For individuals looking to purchase a home, understanding the different types of mortgage interest rates available is essential. The most common types are fixed-rate mortgages and adjustable-rate mortgages (ARMs). The health of the U.S.

Mortgages

Marco Santarelli

JULY 1, 2025

Feeling confused about the mortgage market? As of July 1, 2025, the 5-year adjustable-rate mortgage (ARM) crept up to 7.61% – a tiny 3-basis-point bump from last week’s 7.58%. Let’s unpack what this rate wiggle means for buyers, refiners, and the housing market’s vibe. Totally normal!

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%. Looking Ahead: Whats Next for Mortgage Rates?

Mortgages

Marco Santarelli

JUNE 12, 2025

Mortgage rates are a vital indicator of the health of the housing market and have a profound impact on consumer purchasing power, refinancing decisions, and overall economic confidence. The 15-year fixed mortgage rate slipped below 6% for the first time in weeks.

Mortgages

Redfin

JULY 31, 2025

Additionally, set aside extra savings for closing costs, moving expenses, and any home updates or repairs you may need right away. If you shop around first, you could end up with a lower interest rate and better terms. Compare interest rates, closing costs, and loan terms carefully.

VA loan

Marco Santarelli

APRIL 15, 2025

Adjustable: Understanding Your Mortgage Options Navigating the world of mortgages can be confusing, especially when it comes to different types of loans. Here's a breakdown of two popular choices: Fixed-Rate Mortgages: With a fixed-rate mortgage, your interest rate stays the same for the entire life of the loan.

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

Marco Santarelli

JANUARY 25, 2025

As of January 25, 2025, mortgage refinance rates are showing some interesting trends that could potentially benefit you. The market is certainly not what it was a couple of years ago with those rock-bottom rates, but its also not as high as it could be. Inflation was at 2.9% It will accelerate your equity building.

Mortgages

Marco Santarelli

MAY 22, 2025

That's why when someone like Dave Ramsey, a guy who's built a career on giving straightforward financial advice, talks about the housing market, people tend to listen. And recently, he's made a pretty significant prediction: major mortgage rate changes are likely on the horizon soon. Analysts at U.S.

Mortgages

Marco Santarelli

JUNE 23, 2025

Shorten Loan Term: Switching from a 30-year to a 15-year mortgage can save you a ton of money on interest, even if the interest rate is slightly higher. Change Loan Type: Converting from an ARM to a fixed-rate mortgage provides stability and predictability in your monthly payments. HOT NEW LISTINGS JUST ADDED!

Mortgages

Norada Real Estate

JUNE 21, 2025

As of June 21, 2025, mortgage rates have seen a slight drop. The national average for a 30-year fixed mortgage rate is now at 6.88% , down from 6.91% in the previous week. Similarly, average refinance rates for various loan types have either decreased or remained steady.

Mortgages

Marco Santarelli

MARCH 31, 2025

This rate environment makes careful shopping and understanding your loan options even more critical. Fixed-rate mortgages (like the 15-year, 20-year, and 30-year options) keep the same interest rate for the entire loan term. ARMs often start with a lower interest rate than fixed-rate loans, which can be appealing.

Mortgages

Marco Santarelli

JUNE 11, 2025

Mortgage rates are often influenced by various factors, including inflation, employment rates, and monetary policies set forth by the Federal Reserve. Cons: Closing Costs : Borrowers need to be aware that refinancing comes with closing costs that may negate some savings from lower rates.

Mortgages

Marco Santarelli

MARCH 17, 2025

Are you keeping an eye on mortgage rates today, March 17, 2025? If you're in the market to buy a home or thinking about refinancing, you're probably wondering what's happening with interest rates. 15-year fixed mortgage rates are hovering near 5.93%.

Mortgages

Marco Santarelli

JUNE 20, 2025

Federal Reserve Policy: The Federal Reserve's monetary policy, particularly decisions regarding the federal funds rate, has a direct impact on interest rates across the board. Bond Market Activity: Mortgage rates are closely tied to the bond market, specifically the yield on 10-year Treasury bonds.

Mortgages

Marco Santarelli

APRIL 27, 2025

For many, especially given the current market conditions centered around high borrowing costs, yes , buying a home with cash in 2025 presents a remarkably strong position, offering distinct advantages that financed buyers just can't touch, though like any big financial move, it requires careful consideration of your own situation.

Finance

Norada Real Estate

JUNE 29, 2025

Refinancing can be a smart move if you can lower your interest rate, shorten your loan term, or switch from an adjustable-rate mortgage to a fixed-rate mortgage. However, it's important to consider closing costs and other fees. Why Are Mortgage Rates So High in 2025?

Mortgages

Marco Santarelli

FEBRUARY 21, 2025

This means the Fed will likely need to keep interest rates higher for longer to tame inflation, and that in turn impacts mortgage rates. Bond Market Reaction : The bond market is essentially betting that the Fed won't cut rates as much as previously anticipated. Okay, so rates aren't plummeting anytime soon.

Mortgages

Marco Santarelli

MARCH 23, 2025

As of today, March 23, 2025, mortgage interest rates have slightly dropped compared to last weeks figures, providing a favorable landscape for potential homebuyers and those looking to refinance. 30-Year Fixed Rate: Currently at 6.51% , a marginal drop to be noted. Disadvantages: Higher Initial Rates: Compared to ARMs.

Mortgages