Marco Santarelli

DECEMBER 21, 2024

I've been keeping a close watch on the housing market, and honestly, the past few years have been a wild ride. We went from record-low rates that made everyone jump into the market to a sudden rate hike that put a damper on things. 15-year fixed-rate mortgages: Averaged 5.92% , up from 5.84% the previous week.

Sales

Marco Santarelli

DECEMBER 29, 2024

Mortgage News This Week In the week ending December 22, 2024, there has been a notable increase in mortgage rates, pushing 30-year fixed-rate loans to an average of 6.91%. Economic analyst Greg McBride notes, Mortgage rates have gone up not down since the Fed began cutting interest rates in September.

Mortgages

Marco Santarelli

OCTOBER 26, 2024

As of October 24, 2024, mortgage rates have climbed north of 6.5% The average 30-year fixed-rate mortgage now sits at 6.54% , a slight rise from 6.44% the previous week, reflecting a prevailing trend of increasing rates that have now persisted for four consecutive weeks.

Fixed-rate mortgage

Marco Santarelli

APRIL 16, 2025

Today's Mortgage Rates April 16, 2025: Big Drop in Rates as Treasury Yields Fall Key Takeaways Mortgage rates for April 16, 2025, have fallen substantially from last week. 30-Year fixed-rate mortgage now averages 6.78% , an eight basis-point drop. Treasury bonds.

Fixed-rate mortgage

Marco Santarelli

JANUARY 1, 2025

Understanding Mortgage Rates Mortgage rates are the interest rates that lenders charge on home loans. These rates can be classified as fixed-rate or adjustable-rate (ARM). Understanding how today's rates translate into real costs is vital for anyone looking to secure financing.

Mortgages

Marco Santarelli

JULY 8, 2025

The big question is: what have mortgage rates trends over the past year looked like? According to the Primary Mortgage Market Survey® by Freddie Mac , as of July 3rd, 2025, the average 30-year fixed-rate mortgage sits at 6.67% , while the 15-year fixed rate is at 5.80%. Let's dive in.

Fixed-rate mortgage

Marco Santarelli

JULY 14, 2025

The Bond Market: Mortgage rates are closely tied to the bond market, particularly the yield on 10-year Treasury bonds. When bond yields go up, mortgage rates usually follow suit. While a small dip in rates is generally positive, it's important to remember that ARMs come with their own set of considerations.

Fixed-rate mortgage

Marco Santarelli

DECEMBER 22, 2024

However, this reflects a notable 29 basis point increase compared to last week when rates were at 6.42% ( Zillow ). Understanding these rates and how they can impact your financial decisions is crucial as you navigate your home financing options. Look for Hidden Fees : Refinancing isnt just about the interest rate.

Mortgages

Marco Santarelli

DECEMBER 27, 2024

As we close out 2024 , mortgage rates have jumped once more, reaching an average of 6.85% for a 30-year fixed mortgage, closely reflecting where they began the year. For 15-year fixed-rate mortgages , the average now stands at 6% , which is an increase from 5.92% just days prior.

Mortgages

Marco Santarelli

DECEMBER 26, 2024

If you're considering buying a new home or refinancing your current mortgage, understanding today's mortgage rates is crucial. The cost of borrowing can significantly impact your finances, and staying informed helps you make better decisions. – Higher interest rates lead to more paid interest over time.

Mortgages

Marco Santarelli

DECEMBER 21, 2024

Analysis of Mortgage Types Understanding the different types of mortgages available is crucial as they have varied implications on your financial future. 30-Year Fixed Mortgages The 30-year fixed-rate mortgage remains the most popular choice among homebuyers.

Mortgages

Marco Santarelli

MARCH 14, 2025

Understanding How Mortgage Interest Rates Work Mortgage interest rates are essentially the cost of borrowing money to buy a home, expressed as a percentage. You'll encounter two primary types of rates: fixed and adjustable. Fixed-Rate Mortgages: These offer stability. 5 or 7 years).

Fixed-rate mortgage

Marco Santarelli

JULY 12, 2025

If you're considering buying a home, you're probably keeping a close eye on mortgage rates. According to Zillow, as of today, July 12, 2025, the national average for a 5-year Adjustable Rate Mortgage (ARM) has climbed to 7.89%. A 5-year ARM means the initial interest rate is fixed for the first five years.

Fixed-rate mortgage

Marco Santarelli

JANUARY 11, 2025

Despite the Federal Reserve's efforts to cut interest rates on loans and credit cards, mortgage rates havent budged significantly. Instead, mortgage rates closely follow the 10-year Treasury bond yields a benchmark that lenders use to determine long-term borrowing costsrather than directly responding to the Fed's adjustments.

Mortgages

Marco Santarelli

MAY 27, 2025

This tax information plays a crucial role as it is expected to add trillions to the national deficit, leading to potential fluctuations in interest rates. Historically, when government spending increases, it can create upward pressure on mortgage rates, which may leave homebuyers and homeowners feeling anxious about their financing options.

Mortgages

Marco Santarelli

APRIL 22, 2025

Current Rates Breakdown Mortgage Type Current Rate 30-Year Fixed 6.81% 20-Year Fixed 6.63% 15-Year Fixed 6.10% 5/1 ARM 7.08% 7/1 ARM 7.46% 30-Year VA 6.39% 15-Year VA 5.80% 5/1 VA 6.28% Source: Zillow These numbers reflect the national average and are rounded to the nearest hundredth.

Mortgages

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

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 1, 2025

Today's mortgage rates, on April 1, 2025, are showing a decrease , offering a bit of relief for those watching the market closely. Today's Mortgage Rates April 1, 2025: Rates Drop to Begin the New Month Key Takeaways: Mortgage rates are down today, April 1, 2025. Let's dive into the specifics.

Fixed-rate mortgage

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. The 7.15% average for a 30-year fixed-rate mortgage for new purchases represents a 4 basis point increase just from yesterday.

Mortgages

Marco Santarelli

AUGUST 5, 2025

Do you go for the reliable chocolate cake (a fixed-rate mortgage ) or the more adventurous crème brûlée (an ARM )? Mortgage rates are similar – it's all about finding the right “flavor” for your financial situation. The margin is the lender's profit, and it stays fixed for the life of the loan.

Fixed-rate mortgage

Marco Santarelli

NOVEMBER 29, 2024

After extremely low rates during the pandemic, we've seen a significant increase, primarily driven by rising inflation and the Federal Reserve's efforts to manage it. As of late 2024, the average rate for a 30-year fixed-rate mortgage is around 6.78%.

Mortgages

Marco Santarelli

MAY 31, 2025

Understanding Mortgage Rate Types When considering a mortgage, it's essential to understand the different types of mortgage rates availablefixed and adjustable rate mortgages (ARMs). 15-Year Fixed : Many buyers prefer this option for its lower interest rates.

Mortgages

Marco Santarelli

DECEMBER 22, 2024

Adjustable Rates When considering the right mortgage type , borrowers frequently weigh fixed-rate mortgages against adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages: These loans offer stability by locking in the interest rate for the entire duration of the mortgage (typically 15-30 years).

Mortgages

Marco Santarelli

AUGUST 4, 2025

Adjustable Rate Mortgage in 2025: Which is Best for You Fixed-Rate vs. Adjustable-Rate: Which is Right for You? Choosing between a fixed-rate mortgage and an ARM is a crucial decision. Cons: Risk of rising monthly payments if interest rates increase, uncertainty about future housing costs.

Fixed-rate mortgage

Marco Santarelli

MAY 6, 2025

Why Are ARM Rates Important? The interest rate on your mortgage is a big deal. Step 4: Compare rates and terms from multiple lenders. Shop around with at least three different banks or mortgage companies. Pay close attention to the fine print , including the interest rate, fees, and rate cap structure.

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 20, 2025

Fixed-rate mortgages provide stable payments over time, while ARMs usually start with lower rates but can increase. What are closing costs, and how do they affect my mortgage? Closing costs are fees incurred during the finalization of a mortgage, typically amounting to 2% to 5% of the loan amount.

Mortgages

Marco Santarelli

JUNE 30, 2025

Are you keeping a close eye on mortgage rates? As of June 30, 2025 , today's mortgage rates show some interesting movement, particularly with the 5-year ARM (Adjustable-Rate Mortgage) , which has seen an increase. Initial rate is fixed for a period, then adjusts based on a benchmark index.

Mortgages

Marco Santarelli

MARCH 22, 2025

Freddie Mac , who keeps a close eye on these things, tells us that as of March 20, 2025, the average rate for a 30-year fixed-rate mortgage is 6.67%. For those looking at a 15-year fixed-rate mortgage , the average is 5.83% , again with a small bump up from the previous week (0.03%).

Mortgages

Marco Santarelli

MARCH 11, 2025

These shifts are primarily influenced by upcoming inflation data, which is projected to impact future interest rates. Homebuyers and those looking to refinance should keep a close watch on these trends. Fixed-Rate Mortgages : As mentioned, fixed-rate mortgages provide stability by locking in your interest rate for the loan's duration.

Fixed-rate mortgage

Norada Real Estate

JULY 3, 2025

For instance, the current average rate for a 30-Year Fixed FHA Loan is 6.92% , which allows borrowers with lower credit scores or smaller down payments to access financing. A 30-Year Fixed VA Loan is as low as 6.31% , offering unique advantages to veterans and active military members, such as no down payment and no PMI.

Loans

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. What are the closing costs?

Pre-approval

Marco Santarelli

MARCH 29, 2025

Understanding 30-Year Fixed Mortgage Rates The 30-year fixed-rate mortgage remains a popular choice for many homebuyers, and for good reason. Over 30 years at an interest rate of 6.59%, the total interest paid will be significantly more than if the same loan had a 15-year term with a lower interest rate.

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

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