The Mortgage Report

JULY 11, 2025

Start here In this article (Skip to…) What is special about Q3’s housing market Is it smart to buy with all the government uncertainty? How massive that is really does depend on the market and the price points. But that is really market dependent. The housing market in the U.S. The housing market in the U.S.

FHA 203k rehab loan

Redfin

JUNE 13, 2025

Still, each home purchase is different, the market may look very different, and your goals might have shifted. Communicate closely with your real estate agent to align timelines and contingencies. Market conditions may be different Even if your first home purchase was recent, the housing market could have shifted dramatically.

Debt-to-income ratio

Redfin

JULY 23, 2025

No PMI: A 20% down payment helps you avoid Private Mortgage Insurance, an added monthly cost. Stronger offer: A higher down payment can make your purchase offer more competitive in a seller’s market. It represents the portion of the home’s cost not covered by the mortgage.

FHA loan

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

JULY 24, 2025

It represents the portion of the home’s cost not covered by the mortgage. Reduces the mortgage principal, leading to lower monthly payments and total interest over time. Think of it this way: the less money you have to take out as a loan, the smaller the principal amount that your bank calculates your payments on.

Principal

AAOA

MAY 22, 2025

Know Your Market Youve probably heard the phrase location, location, location. The local market is extremely important. So how do you know if a market is worth investing in? The market can make or break your deal. How Much Does It Cost to Buy an Apartment Complex? In multifamily real estatelocation is everything.

Due diligence

HomeLight

MAY 14, 2025

Fast facts about selling a house as is in Vermont Median sales price in Vermont $430,000 Average days on market (DOM) for Vermont 36 Disclosures Vermont law requires sellers to disclose material facts about the property through the Sellers Property Information Report. Your agent should also be willing to go the extra mile on marketing.

As-is

Marco Santarelli

JUNE 2, 2025

On the other hand, ARMs have an initial fixed interest rate period, after which the rate adjusts periodically based on market conditions. For instance, on a $300,000 loan, a 0.02% decrease in the interest rate on a 30-year fixed mortgage can translate to a savings of roughly $10-$15 per month in the principal and interest payment.

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. Market fluctuations are driven by economic signals, including tariffs, inflation, and Treasury yields. Why Are Rates Falling Now?

Mortgages

Marco Santarelli

MAY 20, 2025

Let's dive into the factors influencing this outlook and what you can do to navigate this market. As someone who has been following the housing market for a while, I can tell you that this year has been particularly interesting. ” It's a reminder that the market is sensitive and things can change quickly. ” ( CNET ).

Mortgages

The Mortgage Report

JULY 1, 2025

These numbers indicate that buyers nowadays are feeling the pinch of today’s market. Housing costs are near all-time highs, and mortgage rates hover around 6.8%. Economic uncertainties like tariffs, potential recession risks, and the current housing market also play a role.” VA home loans rose to 7.2% Create a realistic budget.

Loans

Marco Santarelli

APRIL 2, 2025

Adjustable-Rate Mortgages (ARMs): Introductory rates can be attractive, but fixed rates currently look more appealing due to market conditions. Current Mortgage Rate Snapshot For those of you keeping a close eye on the housing market, you know how much mortgage rates can fluctuate. Another key benefit is payment predictability.

Mortgages

Marco Santarelli

JULY 8, 2025

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. These regulations can impact the cost of doing business for lenders and, in turn, influence the rates they offer. Be sure you understand all of the costs involved.

Mortgages

Redfin

JUNE 10, 2025

This can create a significant hurdle in real estate transactions, particularly for those navigating the market with Redfin’s platform and agents. A low appraisal indicates a discrepancy between the market price you’ve agreed upon and the value an independent appraiser assigns to the property.

Purchase and sale agreement

The Mortgage Report

JULY 8, 2025

There’s also closing costs (like lender and third-party fees, title work, and possibly points), which you can pay upfront or roll into your loan. After closing, you receive a one-time lump sum of cash. Start here After that, you’ll enter a 10 to 20 year repayment period, where you’ll pay both principal and interest.

Equity

Marco Santarelli

MARCH 20, 2025

As of March 20, 2025, the mortgage market is showing a slight upward tick , with rates inching up for the second consecutive week. Therefore, it's essential to carefully evaluate your potential savings and closing costs before making a decision. This figure covers only the principal and interest components.

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

Marco Santarelli

MAY 22, 2025

On May 22, 2025, mortgage rates are sharply higher as concerns over national debt impact the bond market. Today's Mortgage Rates: A Comprehensive Overview The mortgage market is continually shifting, and today marks a significant uptick in interest rates.

Mortgages

Marco Santarelli

FEBRUARY 26, 2025

It really depends on your original rate, how long you plan to stay in your home, and if the closing costs of refinancing make sense for your situation. That's just principal and interest; it doesnt include property taxes, homeowners insurance, or potentially private mortgage insurance (PMI) if you don't have a 20% down payment.

Mortgages

Norada Real Estate

JULY 20, 2025

These modest fluctuations reflect ongoing economic dynamics, the Federal Reserve’s monetary policy decisions, and housing market conditions. If the labor market softens or inflation pressures ease more than expected, we could see a quicker reduction in rates. 30-year fixed refinance rate dropped mildly to 7.04% from 7.07%.

Mortgages

Norada Real Estate

JUNE 26, 2025

Understanding today's mortgage rates is crucial for borrowers, especially given the current state of the economy and housing market. Their decisions regarding interest rates and growth projections can send ripples throughout the lending market. Labor Market Conditions : The job market affects borrowing power.

Mortgages

Marco Santarelli

JUNE 16, 2025

In pricier states (like California), where loan sizes are bigger, lenders might adjust rates to reflect perceived risk or different market dynamics. These rules can affect things like closing costs, lender fees, and even how quickly a lender can foreclose if something goes wrong. Is there a risk of the market cooling down?

Mortgages

Marco Santarelli

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. Let's look at an example provided by Zillow: For a $300,000 mortgage at 6.59% with a 30-year term, your monthly payment for principal and interest alone would be around $1,914.

Mortgages

Norada Real Estate

MAY 22, 2025

On May 22, 2025, mortgage rates are sharply higher as concerns over national debt impact the bond market. Today's Mortgage Rates: A Comprehensive Overview The mortgage market is continually shifting, and today marks a significant uptick in interest rates.

Mortgages

Marco Santarelli

APRIL 5, 2025

There are several factors contributing to these elevated housing costs, and they're not directly tied to tariffs in the same way mortgage rates are: Low Inventory: For years, in many desirable areas, the supply of homes for sale has been lower than the demand. This fundamental imbalance naturally pushes prices upward.

Mortgages

Redfin

AUGUST 5, 2025

According to Statista , a market and consumer data company, the average profit made per house flip in 2021 was about $67,000 – the highest profit margin in the industry in over a decade. Marketing: Once the work is done, it’s time to market and sell the house. But as the old saying goes, you have to spend money to make money.

Loans

Marco Santarelli

MARCH 8, 2025

If you've got your sights set on a $500,000 home, you're likely asking the big question: How much would a $500,000 mortgage cost per month in March 2025? Well, based on the latest data from early March 2025, you could be looking at a principal and interest payment of around $3,200 to $3,300 for a 30-year fixed-rate mortgage.

Mortgages

Redfin

AUGUST 6, 2025

Key takeaways A 30-year mortgage on a $1M house costs between $6,700–$8,200 per month Over 30 years, you may pay over $1M in interest at today’s rates Factors like loan duration, interest rate, and down payment heavily impact your monthly mortgage payments Not long ago, a million dollars might have felt like a fortune. Let’s break it down.

Mortgages

Marco Santarelli

APRIL 15, 2025

Rate Monthly Payment (Principal & Interest) Total Interest Paid (over 30 years) 7.2% $2,717 $578,084 6.86% $2,624 $544,535 Over the life of the loan, you'd save over $33,000 ! Adjustable-Rate Mortgages (ARMs): An ARM typically offers a lower initial interest rate, but that rate can change over time based on market conditions.

Mortgages

Marco Santarelli

JUNE 11, 2025

As someone who's followed the mortgage market for years, I can tell you that it's rarely simple. Some lenders might be more aggressive in certain markets, offering lower rates to attract more business. It's a good reminder that the mortgage market is dynamic and influenced by many external forces. Staying informed is key!

Mortgages

Marco Santarelli

MARCH 6, 2025

Adjustable-Rate Mortgage (ARM): The interest rate is fixed for a period of time, and then it can adjust based on market conditions. Principal and Interest (P&I): The portion of your monthly payment that goes towards paying down the actual loan amount (principal) and the cost of borrowing the money (interest).

Mortgages

Marco Santarelli

MAY 6, 2025

Current Mortgage Rates Overview Mortgage rates play a crucial role in the housing market's dynamics. Potential for Rate Increase : After the initial fixed period (usually 5, 7, or 10 years), the interest rate adjusts based on market conditions, which can lead to higher payments.

Mortgages

Marco Santarelli

JULY 25, 2025

For example, here’s a basic calculation for a $400,000 home loan with a 20% down payment ($80,000 down): At a 6.89% interest rate (30-year fixed), monthly principal and interest payments come to approximately $2,373. Market sentiment suggests a cautious approach from the Fed, balancing inflation control and economic growth risks.

Mortgages

Redfin

FEBRUARY 19, 2025

The maximum mortgage principal eligible for deductible interest is $750,000, or $375,000 if youre married and filing separately. You may be able to lower your taxed gains by increasing your home’s “ cost basis ” the original price you paid for the property. You cant also use it as a gym or for other personal use.

Equity

Marco Santarelli

FEBRUARY 2, 2025

After a notable increase last month, rates are showing a small decline as the market adjusts to recent economic changes. This understanding can also help individuals decide whether to increase their budget, particularly in a competitive housing market. Ifinflation continues to fall, we may see a more favorable mortgage market.

Mortgages

Marco Santarelli

FEBRUARY 8, 2025

Changes to this rate can affect lenders costs, which they then pass on to consumers. Market Demand: Investor demand for mortgage-backed securities affects rates. Although this figure is lower than expectations, it demonstrates that the job market remains strong. year-over-year.

Mortgages

Housing Wire

MARCH 28, 2023

Rocket Companies has rolled out its first credit card in order to attract potential homebuyers and existing homeowners into its ecosystem amid one of the most challenging mortgage markets in decades. In turn, homebuyers can use points to get discounts on their closing costs in the future.

Closing costs