Marco Santarelli

APRIL 30, 2025

Although this requires a stronger financial commitment upfront, the potential to save on total interest approximately $83,000 over the life of the loan compared to a 30-year fixed loan at the current rate makes this option very attractive. However, refinancing isnt only about securing lower rates.

VA loan

Marco Santarelli

DECEMBER 28, 2024

It's always best to check local lenders for the most accurate rates. It's always best to check local lenders for the most accurate rates. They influence your monthly payments and the overall cost of your loan. Fixed-Rate Mortgages A fixed-rate mortgage has a constant interest rate and monthly payments that never change.

VA loan

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

Norada Real Estate

JULY 3, 2025

These loans often have fixed or adjustable interest rates and are available for varying term lengths. Conforming loans typically have lower interest rates since they are less risky for lenders. Conversely, government loans , such as FHA and VA loans, are backed by the federal government.

Loans

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

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

MAY 14, 2025

Today's Mortgage Rates – May 14, 2025: Rates Jump by 8 Basis Points After Inflation Data Key Takeaways Current Average Rates : 30-Year Fixed Mortgage : 6.84% ( 8 basis points) 15-Year Fixed Mortgage : 6.06% ( 1 basis point) Texas VA Loan : 5.78% (15-Year Fixed) Refinance Rates : Generally higher than new mortgage rates.

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

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

JANUARY 25, 2025

VA Loan Advantages: If youre a veteran or on active duty, you should definitely pay attention to this. VA loans are government-backed and tend to have some seriously attractive rates. The 15-year VA refinance rate, at 5.89% , is particularly eye-catching, it is about 0.2% Its a gamble but can pay off.

Mortgages

Marco Santarelli

FEBRUARY 28, 2025

Here's what the refinance rates are looking like right now, also from Zillow : Refinance Type Current Rate 30-year Fixed 6.34% 20-year Fixed 6.04% 15-year Fixed 5.62% 5/1 ARM 6.70% 7/1 ARM 6.77% 30-year VA 5.75% 15-year VA 5.46% 5/1 VA 6.06% 30-year FHA 6.06% Just like with buying a home, your refinance rate will depend on your individual situation.

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

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

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. If you shop around first, you could end up with a lower interest rate and better terms.

VA loan

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

Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week. Will Mortgage Rates Finally Drop?

Mortgages

Norada Real Estate

JUNE 7, 2025

As shown in the mortgage rates table, the 30-year fixed-rate loan currently sits at 7.04% , which is slightly higher than rates seen in the previous weeks. This rate currently stands at 6.83%. FHA and VA loans are prominent in this category.

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. However, it's crucial to understand the risk of rate adjustments after the initial fixed-rate period.

Mortgages

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. FHA Loan: Designed for buyers with lower credit scores.

Purchase and sale agreement

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

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.

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

JULY 1, 2025

VA Loans: These loans are guaranteed by the Department of Veterans Affairs and are available to eligible veterans, active-duty military personnel, and surviving spouses. Other Experts: Major players like Fannie Mae are suggesting rates could fall to around 6.1% Wells Fargo anticipates rate dropping to 6.5%

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 15, 2025

This includes not just the interest rate, but also other fees associated with the loan, giving you a more accurate picture of the total cost. Loan Type Matters: As you can see, rates vary significantly based on the type of loan. Refinancing involves closing costs. Can you afford the closing costs?

Mortgages

Marco Santarelli

JANUARY 5, 2025

Understanding Different Types of Mortgages When considering a mortgage, its essential to understand the various types available, as each suits different financial situations and preferences. 30-Year Fixed Mortgage This is the most popular type of mortgage, with payments spread over 30 years at a fixed interest rate.

Mortgages

Marco Santarelli

JUNE 26, 2025

Plus, putting down at least 20% can help you avoid private mortgage insurance (PMI). Consider Different Loan Types: Explore different loan types like fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, and VA loans to see which one best suits your financial situation.

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 borrowers considering the stability of a fixed rate, the current environment might be encouraging.

Loans

Redfin

AUGUST 5, 2025

There are several advantages to buying a house with cash, including winning bidding wars and closing quickly on your dream home. Oftentimes, it’s more appealing to the seller because it promises a faster and simpler closing. Taking out a mortgage is, of course, an option as well. However, there are drawbacks as well.

Earnest money deposit

Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week. Will Mortgage Rates Finally Drop?

Mortgages

Marco Santarelli

JULY 3, 2025

Rate Volatility: Some rates went up, while others went down. This highlights the dynamic nature of the mortgage market and the importance of staying informed. Jumbo Loans: While this article primarily focuses on conforming loans, it's worth noting the Jumbo Loan rates.

Fixed-rate mortgage

Marco Santarelli

APRIL 10, 2025

Current Mortgage Rates as of April 10, 2025: Mortgage Type Average Rate Today 30-Year Fixed 6.85% 20-Year Fixed 6.61% 15-Year Fixed 6.21% 7/1 Arm 7.55% 5/1 Arm 7.31% 30-Year FHA 5.95% 30-Year VA 6.45% (Source:Zillow) These rates have climbed from around 6.45% in March, highlighting a considerable shift in the mortgage landscape.

Fixed-rate mortgage

Marco Santarelli

MAY 22, 2025

Dave Ramsey's 2025 Housing Market Predictions I've been keeping a close eye on the housing market myself, and honestly, Ramsey's outlook aligns with what I'm seeing on the ground. If you're holding out for mortgage rates to return to those sweet 3% days, Ramsey suggests it's time to adjust your expectations.

Marketing

Marco Santarelli

JUNE 28, 2025

Understanding Adjustable Rate Mortgages (ARMs) Before we get too far ahead, let's quickly review what an Adjustable Rate Mortgage (ARM) actually is. Unlike fixed-rate mortgages, where your interest rate stays the same for the life of the loan, ARMs have an interest rate that can change periodically.

Mortgages

Marco Santarelli

FEBRUARY 1, 2025

Today's Mortgage Rates February 1, 2025: Rates Drop Again Key Takeaways Current Average Rates : 30-year fixed: 6.59% 15-year fixed: 5.89% 30-year FHA: 6.29% 30-year VA: 6.06% Inflation Impact : Elevated inflation makes significant rate drops less likely in the near future.

Mortgages

Housing Wire

NOVEMBER 13, 2024

Purchase loan demand drove the slight increase in the MBA’s Market Composite Index, which measures loan application volumes. Refinances, however, were down 2% as mortgage rates continue to climb close to 7%, according to HousingWire ‘s Mortgage Rates Center. during the week.

FHA loan