Marco Santarelli

MARCH 16, 2025

Breaking Down Today's Mortgage Rates Loan Type Interest Rate 30-Year Fixed 6.59% 20-Year Fixed 6.45% 15-Year Fixed 5.93% 5/1 ARM 6.85% 7/1 ARM 7.13% 30-Year VA 6.15% 15-Year VA 5.59% 5/1 VA 6.15% As you can see, the 30-year fixed-rate mortgage the most common choice for homebuyers is currently averaging 6.59%.

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

APRIL 18, 2025

On April 18, 2025, mortgage rates remain relatively favorable compared to last year, despite experiencing weekly fluctuations. The average for 30-year fixed-rate mortgages is around 6.71% , and for 15-year fixed mortgages, its approximately 6.01%.

Mortgages

Marco Santarelli

APRIL 18, 2025

On April 18, 2025, mortgage rates remain relatively favorable compared to last year, despite experiencing weekly fluctuations. The average for 30-year fixed-rate mortgages is around 6.71% , and for 15-year fixed mortgages, its approximately 6.01%.

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. We're seeing rates edge down, which could make homeownership a little more attainable.

Mortgages

Norada Real Estate

JULY 3, 2025

This subtle shift signals a stable trend in the mortgage market, reflecting broader economic conditions. Similarly, refinancing rates show a comparable pattern as homeowners assess their options to either secure lower payments or cash out equity. Homeowners should monitor the market closely to find ideal windows for refinancing.

Loans

Marco Santarelli

APRIL 23, 2025

While mortgage rates aren't directly tied to the federal funds rate, they tend to follow the same trends. Mortgage rates tend to track the 10-year Treasury yield closely. Inflation: Inflation is the rate at which prices for goods and services are rising.

Mortgages

Marco Santarelli

FEBRUARY 24, 2025

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. This increased inventory could help to stabilize, or even lower, housing prices.

Mortgages

Marco Santarelli

MAY 14, 2025

When the CPI was released, it prompted discussions about possible future rate cuts by the Federal Reserve, leading to a temporary rise in mortgage rates due to market speculation. Investors and lenders closely watch these indicators to adjust their strategies accordingly.

Mortgages

Marco Santarelli

APRIL 22, 2025

Refinance Rates Today Refinancing can provide several benefits, including lower monthly payments or the opportunity to access equity in your home. Adjustable-Rate Mortgages Understanding the distinction between fixed-rate and adjustable-rate mortgages is essential for prospective buyers.

Mortgages

Marco Santarelli

JANUARY 25, 2025

For those of us already owning homes, this means you probably have some decent equity built up that you might be able to tap into or use to lower your monthly payments by refinancing. 30-year fixed (6.75%): If your main goal is to have consistent payments that wont change, this is a pretty safe bet. Its a gamble but can pay off.

Mortgages

Marco Santarelli

JUNE 9, 2025

Understanding Mortgage Types When you explore your mortgage options, understanding different types of loans is critical. Each mortgage type has its own advantages and disadvantages, depending on your financial situation and how long you plan on staying in a home. Fixed-Rate Mortgages : These loans are straightforward.

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. This way, you’ll have a chance to build equity. What are the closing costs?

Pre-approval

Marco Santarelli

JUNE 8, 2025

To adjust loan type: For example, switching from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage can provide more payment stability. To tap into home equity: A cash-out refinance allows you to borrow against the equity you've built in your home, though this should be approached with caution.

Mortgages

Marco Santarelli

JULY 1, 2025

If the Fed believes inflation has not come down enough, they can increase these rates. Economic Growth: A strong economy can lead to increased demand for credit, which in turn can push interest rates higher. Bond Market Dynamics: Mortgage rates are closely tied to the yield on 10-year Treasury bonds.

Fixed-rate mortgage

Redfin

JULY 31, 2025

They cover topics like budgeting, building credit, mortgage options, house hunting, and closing. Along with the expertise you’ll receive, some programs or lenders may offer incentives for completing courses such as lower interest rates and down payment assistance. Also keep an eye on equity potential.

Purchase and sale agreement

Norada Real Estate

JUNE 7, 2025

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. According to sources like Freddie Mac , the average interest rate for a 30-year fixed-rate mortgage is hovering around 6.85% to 6.97%.

Mortgages

Marco Santarelli

APRIL 30, 2025

The lower interest rates mean borrowers can save significantly on interest paid over the life of the loan. Moreover, paying off the loan in half the time allows homeowners to build equity more quickly. At the current rate of 5.91% , a $300,000 mortgage taken over 15 years would incur monthly payments of approximately $2,528.97.

VA loan

Redfin

APRIL 11, 2025

In the past, many homeowners stayed in their starter homes for around three to seven years building equity. However, its now common to see homeowners stay put longer to avoid rising home prices and potentially higher interest rates. When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord.

Marketing

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

MARCH 31, 2025

Today's Mortgage Rates for March 31, 2025: A Slight Drop Offers Opportunity Key Takeaways Here's a quick look at the important points for today: Slight Rate Decrease: Average 30-year fixed mortgage rates dropped by 3 basis points to 6.59%. The 30-year fixed refinance rate is 6.55%.

Mortgages

Marco Santarelli

JUNE 23, 2025

If you've been watching mortgage rates closely, you'll be glad to hear that mortgage refinance rates today, June 23, 2025, have decreased by 6 basis points. The average 30-year fixed refinance rate has dropped to 7.11% , according to Zillow, offering a potential opportunity for homeowners to save money.

Mortgages

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

Norada Real Estate

JUNE 14, 2025

Feeling like your current mortgage just isn't working for you anymore? Maybe you're looking to lower your monthly payments, shorten your loan term, or even tap into some of your home equity. So, the big question: what are the mortgage refinance rates today, June 14, 2025 ? That's where refinancing comes in.

Mortgages

Marco Santarelli

APRIL 27, 2025

As someone who watches the real estate market closely and has seen different cycles, I can tell you that paying cash always gives you an edge. Speed of Light Closings: Forget waiting 30, 45, or even 60 days for mortgage approval, appraisal, and all the hoops. You control your equity 100% from day one. The cash offer?

Finance

Norada Real Estate

JUNE 21, 2025

Homeowners wishing to tap into their home's equity or lock in a lower monthly payment can still find options that make it worthwhile. Fixed Rate vs Adjustable Rate Mortgages It’s essential to understand the difference between fixed and adjustable-rate mortgages (ARMs) when evaluating mortgage rates.

Mortgages

Marco Santarelli

AUGUST 7, 2025

Keep a close eye on what the Fed says and does! If they signal further rate cuts, mortgage rates will likely follow. If you have rate above 7%, monitor these Fed decisions for potential opportunities. 30-Year vs. 15-Year Fixed Rate: Which is Right for You? and being around 6.3% A slowing in U.S.

Mortgages

Marco Santarelli

MARCH 20, 2025

30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible. 30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible.

Mortgages

Marco Santarelli

MARCH 17, 2025

The rate you personally qualify for can vary based on factors like your credit score, down payment amount, the type of property you're buying, and even where you live. The Popular 30-Year Fixed-Rate Mortgage The 30-year fixed-rate mortgage is still the most common choice for homebuyers, and for good reason.

Mortgages

Marco Santarelli

JUNE 11, 2025

However, potential borrowers must consider various factors before making this decision: Pros: Lower Monthly Payments : A reduced interest rate means lower monthly payments, allowing for increased cash flow. Equity Access : Refinancing can allow homeowners to tap into available equity for upgrades or consolidating debt.

Mortgages

Marco Santarelli

MAY 15, 2025

The average interest rate for a 30-year fixed mortgage now stands at 6.87% , while the 15-year fixed mortgage rate has climbed to 6.12%. Homebuyers and those looking to refinance should pay close attention to these trends as they can significantly influence financial decisions related to home ownership.

Mortgages

Redfin

JULY 30, 2025

Homebuyer education Many first-time buyer programs require completion of an education course covering topics like budgeting, credit, house hunting , and closing. down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S. This will show lenders you’re a reliable borrower.

Debt-to-income ratio

Marco Santarelli

JULY 1, 2025

Switching Loan Types: You can also refinance to switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage, providing more stability and predictability in your monthly payments. Other Experts: Major players like Fannie Mae are suggesting rates could fall to around 6.1% by the end of 2025.

Mortgages

Marco Santarelli

JULY 4, 2025

While no one has a crystal ball, let's dive deep into a year-by-year breakdown based on current forecasts and the economic factors that could influence these rates, while trying to discuss all aspects that might interest you. 5.96% (Close: 5.61%) – A promising start with a drop. 5.87% (Close: 5.70%) – A slight uptick.

Mortgages

Marco Santarelli

AUGUST 6, 2025

This is a great option if you can afford it and want to build equity faster. Adjustable-rate mortgages (ARMs) , like the 5-year and 7-year ARMs, offer lower initial rates but carry the risk of future rate increases. Why Choose a 30-Year Fixed-Rate Mortgage? At 6.67% , this provides certainty.

Mortgages

Norada Real Estate

JUNE 7, 2025

When bond prices rise, yields fall, leading to lower mortgage rates and vice versa. In recent weeks, as jobs reports have come in strong, investors shifted capital towards equities, pushing bond prices down and yields up. This upward trend in yields has contributed to the rise in mortgage rates.

Mortgages

Marco Santarelli

JUNE 17, 2025

Exploring Other Mortgage Options In addition to fixed-rate loans, various mortgage options cater to different financial situations and risk profiles. Specific rates were not highlighted this week, but they often parallel FHA loan offerings. Will Mortgage Rates Finally Drop?

Mortgages