Housing Wire

AUGUST 1, 2025

Matic reports that insurance costs now consume a growing share of monthly mortgage payments. “In In some cases, homeowners are now spending more than half of their monthly mortgage payment on insurance and taxes,” said Ben Madick, CEO and co-founder of Matic. “An In 2024, convective storms caused $58 billion in U.S.

Debt-to-income ratio

Marco Santarelli

DECEMBER 21, 2024

If you're asking yourself “Should I refinance my mortgage now or wait for 2025?”, Mortgage rates are showing some instability right now, but major reductions are unlikely anytime soon. Should I Refinance My Mortgage Now or Wait Until 2025? But trust me, theres a lot to unpack here. We all want to save money, right?

Debt-to-income ratio

HomeLight

OCTOBER 28, 2024

The software will automatically load listings marked as “Closed” and indicate the selling price. This is directly connected to what you’ll walk away with after covering your mortgage balance and other obligations tied to your home, including selling costs. If the offer works for your situation, you can close in as little as 10 days.

Pre-approval

Marco Santarelli

APRIL 4, 2025

On April 4, 2025, mortgage rates have dropped below 6.50%, a shift largely prompted by the recent economic reaction to new tariffs announced earlier in the week. This decrease provides a unique opportunity for potential homebuyers and those looking to refinance their existing mortgages. What Are Today's Mortgage Rates?

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. mortgage rates.

Debt-to-income ratio

Marco Santarelli

JANUARY 2, 2025

Ever felt like you're staring into the abyss when thinking about a 30-year mortgage? Its a huge commitment, and while that monthly payment might seem manageable, the total cost of a mortgage over 30 years can be eye-watering. When you take out a mortgage, you're borrowing money to buy a house. Youre not alone.

Mortgages

Marco Santarelli

MAY 27, 2025

If you're in the market for a home, you're probably glued to mortgage rates. On May 27, 2025, the states boasting the cheapest 30-year new purchase mortgage rates were New York, California, Washington, North Carolina, Texas, Connecticut, Massachusetts, Michigan, and New Jersey, with rates ranging from 6.94% to 7.10%.

Mortgages

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

Redfin

MARCH 14, 2025

But before the deal is final, your lender needs to issue a mortgage commitment letter – a crucial step that signals your financing is solid and closing is within reach. A mortgage commitment letter is a formal assurance from your lender that your loan has been reviewed and is on track for approval, pending final conditions.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

What Is PITI – Guide To Understanding PITI What is PITI, and how does it affect your mortgage? PITI stands for principal, interest, taxes, and insurance, which are the critical components of your monthly mortgage payment. Lenders also consider this when assessing your ability to repay a mortgage. What is PITI?

Debt-to-income ratio

Marco Santarelli

DECEMBER 22, 2024

Mortgage rates are a critical consideration for anyone looking to borrow money for a home. As of December 22, 2024, the average 30-year fixed mortgage rate has increased to 6.67% , marking its highest point since June 2024. Recommended Read: Mortgage Rates Trends December 21, 2024 Update What's Influencing Today's Mortgage Rates?

Mortgages

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. 30-Year Mortgage Rates Rise to Highest Point in Over a Year Breaking Down the Current Mortgage Rate Environment It's crucial to understand the specifics of these rising rates.

Mortgages

The Mortgage Report

JULY 14, 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? Check options to remove a name from your mortgage. How Much Home Can I Afford?

FHA 203k rehab loan

HomeLight

APRIL 10, 2025

It uses the equity youve built in your existing home to give you quick access to cash for a down payment or to cover closing costs on your next purchase. Because bridge loans are designed for speed and convenience, they usually cost more than a traditional mortgage. What are the benefits of a bridge loan in Phoenix?

Equity

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% Debt-to-income ratio: This compares your monthly debt payments to your gross income.

Debt-to-income ratio

HomeLight

APRIL 9, 2025

It gives you access to the equity in your existing home so you can cover a down payment and closing costs on your new purchase without waiting for your old house to sell. Bridge loans tend to cost more than traditional mortgages, but they are designed to be fast and flexible, helping you move forward without as much financial stress.

Equity

HomeLight

APRIL 18, 2025

With a bridge loan, you can use those funds to cover your down payment, moving costs, or closing expenseswithout rushing to sell first. In this case, a bridge loan allows you to use the equity in your existing home to cover the down payment and closing costs on your new property. What are the drawbacks of a bridge loan?

Equity

Marco Santarelli

MAY 14, 2025

If you're on the hunt for the best mortgage rates, you're probably wondering which states are offering the most attractive deals. States With Lowest Mortgage Rates Today May 14, 2025 Why Do Mortgage Rates Vary by State? It's easy to assume that mortgage rates would be fairly uniform across the country, but that's not the case.

Mortgages

Marco Santarelli

MAY 15, 2025

Looking to buy a home and wondering where to find the best mortgage rates? As of today, May 15, 2025 , the states with the lowest mortgage rates for a 30-year new purchase are New York, California, Florida, Pennsylvania, Tennessee, and Texas , along with a tie that includes Georgia and North Carolina. ” It's a fair question.

Mortgages

Norada Real Estate

JUNE 8, 2025

As of today, June 8, 2025, mortgage rates for various home loan types show varying trends. The national average for a 30-year fixed mortgage rate slightly declined to 7.03%, marking a decrease from the previous week. 15-Year Fixed Mortgage Rates : 6.14% , a slight decrease from 6.16%.

Debt-to-income ratio

Marco Santarelli

JULY 11, 2025

Looking for the best mortgage rates today, July 11, 2025? Currently, the states boasting the lowest 30-year new purchase mortgage rates are New York, California, Virginia, Washington, Colorado, Massachusetts, and Pennsylvania , with averages ranging from 6.57% to 6.78%. Credit scores directly impact the mortgage rates.

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

Redfin

JULY 30, 2025

Conventional loans Offered by private lenders such as banks and mortgage companies, Conventional loans are one of the most common choices for first-time buyers. A higher down payment can qualify you for better terms, a lower rate, and reduced private mortgage insurance. Requirements Down payment: 3.5% Requirements Down payment: 3.5%

Loans

The Mortgage Report

JULY 24, 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? How Much Home Can I Afford? Are these approaches worth it? Verify your home buying eligibility.

FHA 203k rehab loan

Redfin

JULY 23, 2025

So how much is a mortgage on a $500K home? How much is the monthly mortgage payment on a $500K house? In addition to repaying the principal amount of the loan, the monthly mortgage payment includes additional costs that can vary based on location and mortgage type. Use the Redfin Mortgage Calculator.

Mortgages

HomeLight

APRIL 10, 2025

With a bridge loan, you can tap into your homes value to cover a down payment, closing costs, or other expenses tied to your new home. These loans usually come with higher interest rates than traditional mortgages, but they offer speed and convenience when timing is tight. How does a bridge loan work in Charleston?

Equity

Redfin

JULY 30, 2025

A jumbo loan, or jumbo mortgage, is designed for homebuyers purchasing high-priced properties – whether that’s a luxury home in Charlotte or a condo in a city like San Francisco where home prices exceed standard loan limits. Key takeaways Jumbo loans are mortgages for homes priced above FHFA loan limits. What is a jumbo loan?

Loans

Marco Santarelli

JULY 14, 2025

As of today, July 14, 2025, mortgage rates have experienced a slight decline, with the average 30-year fixed mortgage rate at 6.84% , down 2 basis points from last week. Current Mortgage Rates Understanding the landscape of mortgage rates helps individuals make informed financial decisions.

Mortgages

Redfin

JUNE 27, 2025

Key Takeaways: Shopping mortgage rates, reviewing your credit report, and looking into first-time home buyer programs can improve your financial situation and increase your choices. Don’t skip critical steps like the home inspection or negotiating closing costs. For instance, on a $350,000 mortgage, a 3.5%

Pre-approval

Marco Santarelli

MAY 2, 2025

If you're in the market for a home, you're probably glued to mortgage rates! As of today, May 2, 2025, the states with the lowest mortgage rates for a 30-year new purchase are New York and Washington. These nine states showed average mortgage rates hovering between 6.68% and 6.85%. It's a fair question!

Mortgages

Redfin

JULY 8, 2025

One of the most common surprises for homebuyers is a last-minute credit check before closing. So, when is the last credit check before closing and what does it mean for your loan? Lenders usually perform a final soft credit check 1 to 3 days before closing to confirm your financial status hasn’t changed.

Debt-to-income ratio

HomeLight

JULY 24, 2025

This document helps verify that the funds are truly a gift, not a loan that could affect your ability to repay the mortgage. Gift letters for mortgage companies are a common part of the homebuying process, especially for first-time buyers. Check Now What is a gift letter for a mortgage? What should a gift letter include?

Debt-to-income ratio

HomeLight

JULY 28, 2025

It lets you tap into your existing home’s equity to cover a down payment and closing costs, giving you more flexibility in a tight timeframe. Bridge loans are typically more expensive than traditional mortgages, but they offer convenience and speed — especially when you need to act fast and don’t want to risk losing your next home.

Equity

Redfin

JULY 2, 2025

Starting a new job doesn’t automatically disqualify you from getting a mortgage, but it can raise some red flags for lenders. If you’re wondering Can I get a mortgage if I just started a new job?, Why lenders care about job history When you apply for a mortgage , lenders want to know you’ll be able to make your monthly payments.

Pre-approval

Redfin

JULY 1, 2025

Co-buying is becoming more common, but it raises a key question: How many people can actually be on a mortgage? Quick answer: There’s no legal limit on how many people can be on a mortgage, but most lenders allow up to four. How many people can be on a mortgage? How do you apply for a mortgage with multiple borrowers?

Debt-to-income ratio

The Mortgage Report

JULY 22, 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? Can You Remove Someone from a Mortgage Without Their Permission? How Much Home Can I Afford?

FHA 203k rehab loan

Marco Santarelli

JULY 2, 2025

As of July 2, 2025, mortgage rates have shown signs of slight fluctuations. According to Zillow, the national average 30-year fixed mortgage rate currently stands at 6.74% , which has seen a minor increase from yesterday's rate of 6.73%. When the Fed signals an increase in rates, mortgage rates often follow suit.

Mortgages