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%. Mortgage rates can wiggle around based on where you are and who you're borrowing from.

Mortgages

Marco Santarelli

JUNE 2, 2025

As of June 2, 2025, the national average for the 30-year fixed mortgage rate has slightly decreased to 6.95%. Keeping a close eye on these mortgage rate trends and refinance rate trends is crucial for anyone looking to buy a home or adjust their current mortgage. The 15-year fixed mortgage rate remains stable at 6.02%.

Mortgages

Marco Santarelli

JULY 8, 2025

You’re probably wondering where to snag the best deal on a mortgage. As of July 8, 2025 , the states boasting the cheapest 30-year new purchase mortgage rates are New York, California, Connecticut, Florida, Colorado, New Jersey, Tennessee, Texas, and Washington. Why Do Mortgage Rates Vary So Much by State? Be very careful.

Mortgages

Marco Santarelli

MAY 20, 2025

If you're eyeing a new home or considering refinancing, you're probably wondering about mortgage rate predictions for this week, May 19-25, 2025. Based on current trends and expert analysis, expect mortgage rates to hover above 6.5%. Currently, the average rate for a 30-year fixed mortgage is approximately 6.9% ” ( CNET ).

Mortgages

Marco Santarelli

APRIL 2, 2025

There's some welcome news on the mortgage front today, April 2, 2025. The average rate for a 30-year fixed mortgage has finally dipped, offering a bit of relief to those watching rates closely. Today's Mortgage Rates April 2, 2025: 30-Year Fixed Rate Drops to 6.5% Reason for the Drop: Likely influenced by the recent U.S.

Mortgages

Marco Santarelli

MARCH 20, 2025

Are you keeping an eye on mortgage rates? As of March 20, 2025, the mortgage market is showing a slight upward tick , with rates inching up for the second consecutive week. 30-year fixed mortgage rate: Currently averaging 6.61%. 15-year fixed mortgage rate: Averaging 5.98%. 15-year fixed mortgage rate: Averaging 5.98%.

Mortgages

Redfin

FEBRUARY 28, 2025

From the down payment to closing costs, there are a lot of expenses to consider. Whether youre buying a house in Seattle or a home in Denver – this Redfin guide will break down every major cost to help you budget effectively and avoid surprises. home price about $420,000as a benchmark for estimating these costs.

Earnest money deposit

Norada Real Estate

JULY 20, 2025

As of July 20, 2025, mortgage rates remain relatively stable but slightly higher , with the national average 30-year fixed mortgage rate standing at 6.87% , up 3 basis points from last week’s 6.84%, according to Zillow data. The 15-year fixed mortgage rate for purchases held steady at 5.89% ; refinance rates edged down to 5.82%.

Mortgages

Redfin

JULY 23, 2025

Better interest rates: A larger down payment on a house can lead to lower mortgage interest rates, saving you money over time. Lower monthly payments: Borrowing less translates directly to reduced monthly mortgage bills. No PMI: A 20% down payment helps you avoid Private Mortgage Insurance, an added monthly cost.

FHA loan

Marco Santarelli

MARCH 17, 2025

Are you keeping an eye on mortgage rates today, March 17, 2025? Well, according to the latest data, mortgage rates are still on the higher side and have even seen a bit of an increase recently. Today's Mortgage Rates March 17, 2025: Rates Are Rising Again Slowly Key Takeaways: 30-year fixed mortgage rates are averaging around 6.59%.

Mortgages

Marco Santarelli

APRIL 5, 2025

Mortgage rates have indeed taken a dip , partly due to the ongoing trade tensions and tariffs, which is usually welcome news for anyone looking to buy a home or refinance. However, the reality is that even with these lower borrowing costs, the overall cost of buying a house remains stubbornly high, hovering near record levels.

Mortgages

The Mortgage Report

JULY 11, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Not a fly-by-night realtor or mortgage professional. How Much Home Can I Afford? The sky is not falling.

FHA 203k rehab loan

Marco Santarelli

JUNE 16, 2025

As of today, June 16, 2025, the states with the lowest 30-year new purchase mortgage rates are New York, Connecticut, New Jersey, Colorado, Massachusetts, California, and Washington, where rates average between 6.75% and 6.87%. Think of it like this – each state is its own little mortgage ecosystem. Let's find out!

Mortgages

Redfin

JUNE 13, 2025

Try to avoid overlapping mortgage payments or being stuck without a home. Communicate closely with your real estate agent to align timelines and contingencies. As of early June 2025, the average 30-year fixed mortgage rate is around 6.8–6.9% Example cost impact: At a 6.8% Step 2: Sell first or buy first?

Debt-to-income ratio

Marco Santarelli

MAY 22, 2025

On May 22, 2025, mortgage rates are sharply higher as concerns over national debt impact the bond market. The average 30-year fixed mortgage rate is now 6.93% , while 15-year fixed mortgages remain at 6.08%. Debt Concerns: National debt concerns are affecting bond yields and influencing higher mortgage rates.

Mortgages

Redfin

JULY 30, 2025

In this article: Understanding if you’re ready to buy a home Budgeting for your first home Finding the right mortgage Navigating the homebuying process What comes next? You haven’t held a mortgage in three years. Job security: Stable employment and income are key indicators for lenders when qualifying for a mortgage.

Pre-approval

Norada Real Estate

JUNE 26, 2025

Today's average 30-year fixed mortgage rate has seen a notable decrease , dropping to 6.81% from 6.82% , which marks a decline of 1 basis point from the previous day. This change presents an exciting opportunity for potential homebuyers and those looking to refinance their mortgages.

Mortgages

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

Marco Santarelli

APRIL 15, 2025

As of today, mortgage rates have gone down below the 7% mark. Mortgage Rates Go Down Below 7%: Should You buy or Refinance A drop in mortgage rates, even a seemingly small one, can have a significant impact on your financial life. How Lower Rates Impact Your Wallet: An Example Let's say you're looking at a $400,000 mortgage.

Mortgages

The Mortgage Report

JULY 8, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Cash-out refinancing combines equity access with the chance to lower your mortgage rate.

Equity

Marco Santarelli

MARCH 8, 2025

You're probably wondering, just like everyone else, about mortgage rates and what they'll mean for your monthly payments. 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? And it's not just 30-year mortgages seeing relief.

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. The average 30-year fixed mortgage rate is now 6.93% , while 15-year fixed mortgages remain at 6.08%. Debt Concerns: National debt concerns are affecting bond yields and influencing higher mortgage rates.

Mortgages

The Mortgage Report

JULY 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? of mortgaged home sales in April, up from 14.2% How Much Home Can I Afford? VA home loans rose to 7.2%

Loans

AAOA

MAY 22, 2025

DSCR (Debt Service Coverage Ratio) (can the income cover the mortgage comfortably?) Closing Costs In addition to the purchase price and renovation budget, plan for closing costs. Closing costs typically run between 2% and 5% of the purchase price. Cash-on-Cash Return (how hard is your money working?)

Due diligence

HomeLight

MAY 14, 2025

These companies can help sellers cash out quickly, and many will cover a sellers closing costs. But if you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards.

As-is

Marco Santarelli

JUNE 11, 2025

Looking for the best deal on a mortgage? As of today, June 11, 2025, the states with the lowest 30-year new purchase mortgage rates are New York, Colorado, California, Virginia, Connecticut, and New Jersey , closely followed by Florida and Texas. Average Loan Size: The size of the average mortgage loan can also play a role.

Mortgages

Marco Santarelli

MARCH 6, 2025

Thinking about buying a home or refinancing your current mortgage? Well, today's mortgage rates, as of March 6, 2025, show an increase. Specifically, the average 30-year fixed mortgage rate is currently at 6.28% , and the 15-year fixed rate is 5.57%. Decoding Mortgage Jargon: What Does It All Mean? So, let's dive in.

Mortgages

Redfin

JUNE 10, 2025

Mortgage lenders typically base their financing on the appraised value or the purchase price , whichever is lower, directly impacting the loan amount. Offer seller concessions or financing: Instead of reducing the core price, you might offer seller credits toward the buyer’s closing costs.

Purchase and sale agreement

Marco Santarelli

APRIL 27, 2025

Speed of Light Closings: Forget waiting 30, 45, or even 60 days for mortgage approval, appraisal, and all the hoops. A cash deal can often close in a week or two, sometimes even faster if everyone is on the ball. Plus, you avoid appraisal fees, loan origination fees, and other costs tied to getting a mortgage.

Finance

Redfin

JULY 30, 2025

>> Read: What Percentage of Your Income Should Go Toward Your Mortgage? down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S. down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S.

Debt-to-income ratio

Marco Santarelli

MAY 6, 2025

As of May 6, 2025, mortgage rates have seen a slight increase compared to recent weeks, reflecting economic conditions and Federal Reserve actions. The 30-year fixed mortgage rate is currently at 6.75% , while the 15-year fixed mortgage rate stands at 5.99%. 15-year fixed mortgage rate : Increased to 5.99%.

Mortgages

Marco Santarelli

JULY 25, 2025

Mortgage rates today, July 25, 2025, show a modest increase with the national average 30-year fixed mortgage rate climbing slightly from 6.88% to 6.89%. Despite strong economic indicators like solid employment and income growth, mortgage rates remain elevated and are not expected to drop significantly in the near term.

Mortgages

The Close

JULY 1, 2025

A home is the largest purchase most people will ever make, and many buyers rely on mortgage financing. Note that specific requirements can vary depending on the specific type of mortgage loan being used, as well as the lender offering the financing. That’s where FHA loans can save the day for everyone. This limit will generally be 31%.

FHA loan

Redfin

FEBRUARY 19, 2025

Key takeaways: Buying a home comes with increased tax responsibilities, such as property taxes, mortgage insurance, and capital gains tax. Mortgage credit certificate : A tax credit for qualifying homebuyers that reduces the cost of taxes. As of 2022, you can no longer deduct mortgage insurance premiums.

Equity

Marco Santarelli

FEBRUARY 2, 2025

As of February 2, 2025, today's mortgage rates have dropped to the mid-6% range, providing a slight relief to potential homebuyers. The average mortgage rate is now around 6.50% for a 30-year fixed mortgage, down from approximately 6.71% in January. Mortgage rates fluctuate regularly due to various economic factors.

Mortgages

Marco Santarelli

FEBRUARY 8, 2025

Mortgage rates today, on February 8, 2025, have experienced a slight increase, averaging around 6.60% for a 30-year fixed mortgage. Today's Mortgage Rates February 8, 2025: Rates Increase But Remain Manageable Key Takeaways Current Mortgage Rates: 30-year fixed at 6.60%. What Factors Influence Mortgage Rates?

Mortgages

Housing Wire

MAY 10, 2024

Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a move that the National Reverse Mortgage Lenders Association (NRMLA) says could save money on closing costs.

Principal