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

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

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

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

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

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

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

JUNE 2, 2025

For homeowners considering a change, the national average for the 30-year fixed refinance rate has also seen a notable drop to 7.18%. Keeping a close eye on these mortgage rate trends and refinance rate trends is crucial for anyone looking to buy a home or adjust their current mortgage.

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

APRIL 17, 2025

Economic forecasts suggest mortgage rates might stabilize around 6% by 2026, but volatility remains. Current Mortgage Rates: Snapshot of April 17, 2025 Loan Type Interest Rate Details 30-year fixed 6.74% The most popular fixed-rate mortgage. Might miss out on falling interest rates.

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. Closing costs: Typically 2-5% of the home’s purchase price. What are the closing costs?

Pre-approval

Marco Santarelli

AUGUST 4, 2025

The market expects possible Fed rate cuts in late 2025, which would likely push mortgage rates closer to 6% by year-end. Bond Yields: Mortgage rates are closely tied to the 10-year Treasury yield, which fluctuates based on investor expectations about inflation and Fed policy.

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%. Well, breathe a sigh of relief, because there's a bit of good news!

Mortgages

Marco Santarelli

APRIL 27, 2025

Fixed-Rate vs. Adjustable-Rate Mortgages When considering mortgage options, understanding the difference between fixed-rate and adjustable-rate mortgages (ARMs) is crucial. For example, a 30-year fixed loan at 6.71% ensures that your rate is locked in and will not fluctuate.

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. The Purchase Rate vs. Refinance Rate Dynamic: It's not uncommon for refinance rates to be slightly higher than purchase rates. Important Note: These are illustrative examples.

Mortgages

Marco Santarelli

JANUARY 21, 2025

Market Influences : Economic factors such as the Federal Reserve's decisions, inflation, and geopolitical events are affecting mortgage rates. Overview of Today's Mortgage Rates As of January 21, 2025, mortgage rates have shown a steady increase, indicating a trend that many are closely watching.

Mortgages

Marco Santarelli

MARCH 18, 2025

For example, on a $400,000 mortgage at today's rates: A 30-year mortgage at 6.57% would result in a monthly payment of around $2,547 (principal and interest). A 15-year mortgage at 6.01% would have a monthly payment of roughly $3,378 (principal and interest).

Mortgages

Marco Santarelli

MARCH 8, 2025

If you've got your sights set on a $500,000 home, you're likely asking the big question: How much would a $500,000 mortgage cost per month in March 2025? Well, based on the latest data from early March 2025, you could be looking at a principal and interest payment of around $3,200 to $3,300 for a 30-year fixed-rate mortgage.

Mortgages

Marco Santarelli

APRIL 15, 2025

How Lower Rates Impact Your Wallet: An Example Let's say you're looking at a $400,000 mortgage. A rate drop from 7.2% Rate Monthly Payment (Principal & Interest) Total Interest Paid (over 30 years) 7.2% $2,717 $578,084 6.86% $2,624 $544,535 Over the life of the loan, you'd save over $33,000 !

Mortgages

Marco Santarelli

JULY 8, 2025

As of today, July 8, 2025 , the national average for a 30-year fixed-rate mortgage is around 6.83%. While this is a slight increase from two weeks ago – rates dropped 16 basis points – it’s still better than the one-year high of 7.15% we saw in mid-May. You secure a 30-year mortgage at 6.67%.

Mortgages

Marco Santarelli

JULY 27, 2025

Example Calculation: What a 30-Year Fixed Mortgage Rate Means for Borrowers Suppose a borrower takes a $300,000 mortgage at the current 30-year fixed rate of 6.88%. Mortgage Market Trends and Forecasts Home Sales: Projected to reach about 4 million in 2025, slightly below 2024 figures.

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. impervious to interest rate hikes, fast closing time.

Finance

Norada Real Estate

JULY 28, 2025

Today’s rates are slightly higher compared to last week, reflecting ongoing uncertainty in inflation and Federal Reserve actions. The 30-year fixed-rate mortgage is the most popular loan product among homebuyers because it offers predictability with stable monthly payments over three decades. Realtor.com 6.5%-6.7%

Mortgages

Marco Santarelli

MAY 22, 2025

This difference often arises from closing costs associated with refinancing, which can vary significantly among lenders. Homeowners must weigh these considerations when deciding whether to refinance their mortgage, keeping in mind how current interest rates impact the overall financial landscape. for principal and interest.

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

JUNE 17, 2025

Specific rates were not highlighted this week, but they often parallel FHA loan offerings. Adjustable-Rate Mortgages (ARMs) Adjustable-rate mortgages (ARMs) can be appealing due to their initial lower rates when compared to fixed-rate mortgages. Will Mortgage Rates Finally Drop?

Mortgages

Marco Santarelli

MAY 5, 2025

Today's Mortgage Rates – May 5, 2025: Rates Increase by Nine Basis Points Key Takeaways Mortgage rates increased today, May 5, 2025, with key rates rising. 30-year fixed-rate mortgage is now 6.70% ; 15-year fixed-rate has reached 5.95%.

Debt-to-income ratio

Norada Real Estate

MAY 5, 2025

Today's Mortgage Rates – May 5, 2025: Rates Are Higher Than Last Week Key Takeaways Mortgage rates increased today, May 5, 2025, with key rates rising. 30-year fixed-rate mortgage is now 6.70% ; 15-year fixed-rate has reached 5.95%.

Debt-to-income ratio

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%. Property Taxes $256.67

Mortgages

Norada Real Estate

MAY 11, 2025

Rates remain slightly elevated as uncertainty looms in the financial markets due to ongoing economic factors such as tariffs and inflation trends. The primary types of mortgage loans include fixed-rate and adjustable-rate mortgages (ARMs). However, with a lower rate of 4% , the payment drops to about $1,432.

Mortgages

Marco Santarelli

MAY 11, 2025

Rates remain slightly elevated as uncertainty looms in the financial markets due to ongoing economic factors such as tariffs and inflation trends. The primary types of mortgage loans include fixed-rate and adjustable-rate mortgages (ARMs). However, with a lower rate of 4% , the payment drops to about $1,432.

Mortgages

Marco Santarelli

APRIL 5, 2025

Mortgage rates, particularly for 30-year fixed-rate mortgages, often follow the trend of these Treasury yields. So, as tariffs and trade concerns create economic uncertainty, pushing investors towards bonds, we often see a corresponding decrease in mortgage rates. Are prices still rising rapidly?

Mortgages

Marco Santarelli

MAY 11, 2025

The primary types of mortgage loans include fixed-rate and adjustable-rate mortgages (ARMs). A fixed-rate mortgage maintains the same interest rate throughout the life of the loan, while an ARM can vary based on market conditions.

Mortgages

Norada Real Estate

MAY 22, 2025

This difference often arises from closing costs associated with refinancing, which can vary significantly among lenders. Homeowners must weigh these considerations when deciding whether to refinance their mortgage, keeping in mind how current interest rates impact the overall financial landscape. for principal and interest.

Mortgages

Marco Santarelli

MARCH 19, 2025

Here are today's average refinance rates, also from Zillow: Loan Type Interest Rate 30-Year Fixed 6.68% 20-Year Fixed 6.33% 15-Year Fixed 6.08% 5/1 ARM 6.80% 7/1 ARM 6.85% 30-Year VA 6.22% 15-Year VA 5.90% 5/1 VA 6.21% 30-Year FHA 6.21% 15-Year FHA 5.73% Note: These are national averages and can vary.

Mortgages

Marco Santarelli

JANUARY 23, 2025

Monthly Payment Calculation: With the current average rate, for every $100,000 borrowed, the monthly principal and interest payment stands at approximately $668.66. Mortgage Refinance Rates Refinancing can be a smart avenue for current homeowners looking to reduce their monthly payments or switch to shorter loan terms.

Mortgages

Marco Santarelli

AUGUST 2, 2025

The Federal Reserve's upcoming meetings in September and December 2025 are key for potential further rate cuts. Current Mortgage Rates Overview – August 2, 2025 Understanding mortgage rates means looking closely at variations in fixed versus adjustable-rate loans and how they compare to refinancing options.

Mortgages