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

MARCH 7, 2025

While rates are low now, individual situations may vary, and it's important for homeowners to analyze their options closely. How Mortgage Interest Rates Work Simply put, a mortgage interest rate is the fee lenders charge for borrowing money, expressed as a percentage. Can you afford the monthly payments?

Mortgages

Marco Santarelli

DECEMBER 31, 2024

Current Mortgage Rates Heres a closer look at todays mortgage rates for various types of mortgages, which may help guide your decision-making process: Purchase Mortgage Rates Mortgage Type Interest Rate Change 30-Year Fixed 6.64% -0.08 20-Year Fixed 6.48% -0.10

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

DECEMBER 20, 2024

Adjustable-Rate Mortgage (ARM) concerns : If you have an ARM, the interest rate can change over time, potentially increasing your monthly payments. Refinancing to a fixed-rate mortgage provides stability and predictability. Interest rates can have a significant impact on your monthly mortgage payment.

Mortgages

Marco Santarelli

DECEMBER 29, 2024

Mortgage Bankers Association (MBA): The MBA has revised its predictions by factoring in recent inflation risks, now expecting rates to average between 6.4% News project that while rates are decreasing, the market may close the year at approximately 6.2% Real Estate Economists: Organizations such as Realtor.com and U.S.

Mortgages

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

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

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

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

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). Should you lock in your mortgage rate? What are closing costs on a mortgage?

Mortgages

Marco Santarelli

DECEMBER 22, 2024

Comparing Different Mortgage Products The mortgage market is diverse, ranging from fixed-rate loans to adjustable-rate mortgages (ARMs). Heres a closer look at these options: Fixed-Rate Mortgages : These loans offer stable monthly payments and are often the go-to option for many homeowners.

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

DECEMBER 26, 2024

To grasp the concept of mortgage rates, it's important to note that these rates represent a fee for borrowing money, expressed as a percentage. There are mainly two types of mortgage rates: Type Description Fixed-Rate Mortgages A fixed-rate mortgage maintains the same interest rate for the entire loan duration.

Mortgages

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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 27, 2025

For instance, while a 15-year loan will result in a higher monthly payment, overall interest payments are dramatically lower than they would be with a 30-year mortgage. Fixed-Rate vs. Adjustable-Rate Mortgages In the mortgage world, borrowers often face a choice between fixed-rate and adjustable-rate mortgages (ARMs).

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

Adjustable-Rate Mortgages Understanding the distinction between fixed-rate and adjustable-rate mortgages is essential for prospective buyers. Fixed-Rate Mortgages : These mortgages offer the security of locked-in interest rates from the outset.

Mortgages