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

JANUARY 26, 2025

Implications for Buyers The stabilization of mortgage rates offers buyers an important opportunity: Budget Planning : Buyers can confidently organize budgets and assess how much they can afford without sudden increases in monthly payments. This can expedite the home-buying experience, making it more appealing in a fast-paced market.

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

Rochester Real Estate

NOVEMBER 5, 2015

This involves making a careful budget that includes potential costs like the down payment, closing costs, taxes, and possible renovation expenses. The first step to buying a house in New York is to assess your financial readiness and get pre-approved for a mortgage. I also recommend you not forget little details.

Purchase and sale agreement

HomeLight

MARCH 26, 2025

With insights from a top expert, this guide will show you how seller-paid buydowns work, how much it may cost you, and when it makes sense to consider offering this concession to close a deal. However, when a seller offers a buydown as a buyer incentive, it’s typically in the form of a credit at closing.

Pre-approval

Marco Santarelli

APRIL 18, 2025

According to Jessica Lautz, deputy chief economist at the National Association of REALTORS (NAR), economists are keeping a close eye on the bond market, especially since countries like China hold a significant amount of U.S. When bond prices fall, mortgage rates tend to rise. A year ago, rates averaged 7.1%.

Fixed-rate mortgage

Norada Real Estate

JUNE 20, 2025

The 30-year fixed-rate mortgages remain popular due to their stability over longer terms, whereas 7-year and 5-year ARMs tend to fluctuate more with market conditions. With the average 30-year fixed-rate mortgage at 7.00% , monthly payments for a new home purchase can see substantial increases compared to previous years.

Mortgages

Redfin

JULY 31, 2025

Skipping the home inspection or even small oversights can delay the closing date or have long-term consequences. Don’t max out your credit card debt Maxing out your credit cards is one of the biggest mistakes you can make before closing. >>Discover: How to Get Pre-Approved for a Mortgage: 7 Steps for Success 7.

VA loan

Redfin

JULY 31, 2025

They cover topics like budgeting, building credit, mortgage options, house hunting, and closing. If you’re unsure where to start, check with HUD-approved counseling agencies, non-profit organizations, and local housing authorities to find available courses. Check with your state’s housing finance agency for options.

Purchase and sale agreement

Marco Santarelli

JUNE 17, 2025

These typically have lower initial interest rates than fixed-rate mortgages, but the rate can change over time. Get Pre-Approved: Getting pre-approved for a mortgage shows sellers that you're a serious buyer and know how much you can borrow.

Mortgages

Marco Santarelli

MARCH 23, 2025

The Mortgage Process Explained If you're thinking of obtaining a mortgage, it's essential to understand how the process works. Pre-approval: Before looking at homes, you should get pre-approved for a mortgage. It's wise to shop around and compare multiple lenders.

Mortgages

Redfin

APRIL 11, 2025

When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord. Owning a home can also bring more financial stability , especially with a fixed-rate mortgage, as it offers predictable monthly payments, compared to rent, which can rise. Is it still possible to buy a starter home?

Marketing

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. Next, get pre-approved to understand what you can afford before the home search.

Debt-to-income ratio

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. The Purchase Rate vs. Refinance Rate Dynamic: It's not uncommon for refinance rates to be slightly higher than purchase rates.

Mortgages

Marco Santarelli

MAY 4, 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. This can be a permanent or temporary solution.

Mortgages

Norada Real Estate

JUNE 7, 2025

If you're currently in the market to buy a home or refinance, here's my advice: Don't Panic, but Be Prepared: Understand that rates are volatile. Work closely with a mortgage professional to explore your options and get pre-approved so you know what you can realistically afford.

Mortgages

Marco Santarelli

JUNE 11, 2025

As of early June 2025, the 30-year fixed-rate mortgage (FRM) is hovering around 6.85%. Here are some of the main drivers I keep a close eye on: Inflation: This is arguably the biggest elephant in the room. Being pre-approved for a mortgage can give you an edge.

Mortgages

Marco Santarelli

JUNE 4, 2025

Rates vary significantly depending on the loan type (conforming, government, jumbo) and loan term. Experts predict mortgage rates in 2025 to potentially moderate slightly towards the end of the year. For prospective homeowners, this could be a signal to keep monitoring the market closely for potential opportunities.

Loans

Marco Santarelli

JULY 31, 2025

Here's a bit of historical context to give you a better perspective: The Long-Term Average: Since 1971, the average interest rate for a traditional 30-year fixed mortgage has hovered around 7.74%. There are instances where some people pay points to get a better interest rate. In these cases, it gets very, very close.

Mortgages

The Mortgage Report

JUNE 12, 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? Most recently, The average 30-year fixed rate mortgage reached 6.85% on June 5.

FHA 203k rehab loan

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? Most recently, The average 30-year fixed rate mortgage reached 6.75% on July 17.

FHA 203k rehab loan

Marco Santarelli

FEBRUARY 8, 2025

Recommended Read: Mortgage Rates Trends on February 8, 2025 Will Trump Lower Mortgage Interest Rates in 2025? 30-Year Mortgage Rate Falls Below 7% to Close January 2025 Mortgage Rates Drop This Week After Reversal of Tariffs What Should Homebuyers Do?

Mortgages

Housing Wire

DECEMBER 22, 2020

Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. There are two types of mortgages: fixed-rate and adjustable-rate. Fixed-rate mortgages have a set interest rate for the entirety of the loan. Pre-approval.

Fixed-rate mortgage

Housing Wire

FEBRUARY 14, 2024

“Soft credit pulls are a critical tool that our member mortgage loan originators use to work with underserved borrowers — particularly borrowers with credit blemishes — to improve their credit score and ultimately obtain a pre-qualification or an actual mortgage loan,” the CHLA wrote in a letter to the three credit bureaus on Wednesday.

Pre-qualification

Housing Wire

JUNE 16, 2022

The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. It’s painful that on the same $300,000 mortgage, the monthly payment rose to $1,800 today from $1,265 in December. mortgage industry to fund $4.1 Labor Department.

Marketing

Housing Wire

SEPTEMBER 22, 2022

Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment. Will Savage, a loan originator at PMC Mortgage , sees many pre-approved clients having to get reapproved for a mortgage based on the rate increases.

Mortgages

Housing Wire

JUNE 6, 2024

The government-sponsored enterprise (GSE) also thinks the Federal Housing Finance Agency ( FHFA ) will encourage it to offer single-family, closed-end second mortgages if a Freddie Mac product under analysis is approved. We’re telling people that this is a new regime; it’s going to be a higher interest rate regime.

Mortgages

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. Broker Hussam Saada of Precision Mortgage closed about 60% of mortgages with UWM after the firm rolled out its new pricing initiative.

Loan Officer

Realtor.com

AUGUST 13, 2020

1: Everyone qualifies for low interest rates. There’s a lot of buzz about record-low mortgage interest rates lately. Most recently, a 30-year fixed-rate mortgage dropped to 2.88% for the week of Aug. Mortgage pre-approval is all the more essential in the era of the coronavirus pandemic.

Pre-approval

HomeLight

DECEMBER 27, 2023

You can close with your proceeds in as few as 10 days, compared to the months it often takes to sell the traditional way. Get your loan payoff amount to find out how much you still owe on your mortgage Most of the time, homeowners sell their house before paying their full mortgage. Learn More 1.

Pre-approval

Marco Santarelli

MARCH 3, 2025

It is also important to know about geopolitical events, which might indirectly influence mortgage rates. Understanding Different Types of Mortgage Rates Let's break down the different types of mortgage rates you'll encounter: Fixed-Rate Mortgage: This is the most common type.

Mortgages

Realty Biz

MARCH 30, 2023

There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. To get the best rate for your situation, be sure to look closely at each type of mortgage.

Mortgages

First Team Real Estate

JULY 24, 2020

The average 30-year fixed-rate mortgage fell to a record low of 2.98% last week, the lowest ever recorded by Freddie Mac in the nearly 50 years of the mortgage giant’s survey. The opportunity created by lower mortgage rates is driving up home buying, and helping the housing market make an impressive rebound.

Pre-approval

Marco Santarelli

AUGUST 2, 2024

Understanding these rates is crucial, as they significantly impact monthly payments and overall purchasing power. Here’s a detailed breakdown: Current Rates Overview 30-Year Fixed Rate Mortgage (FRM): 6.73% This rate reflects a slight decrease of 0.05% from the previous week and a 0.17% decline compared to this time last year.

Pre-approval

Realty Biz

AUGUST 12, 2023

Fixed-Rate Mortgage : A mortgage in which the interest rate remains the same for the entire term of the loan. Adjustable-Rate Mortgage (ARM) : A mortgage in which the interest rate can change periodically based on changes in a corresponding financial index.

Purchase and sale agreement

Toronto Realty Blog

APRIL 18, 2022

As has been widely discussed, the Bank of Canada raised the overnight lending rate by 50 basis points last week, on the heels of a 25 basis point increase last month. The 5-year, fixed-rate mortgage isn’t affected by the overnight lending rate, but rather the variable is. Fixed-Rate (5-year): 4.19%.

Fixed-rate mortgage

Redfin

AUGUST 12, 2024

These loans offer significant advantages, including no down payment, no PMI, and competitive interest rates. Additionally, VA loans have limited closing costs and no prepayment penalties. A lower DTI indicates better financial health and increases your chances of loan approval. Generally, a DTI below 36% is considered favorable.

Loans