Marco Santarelli

JULY 10, 2025

Average Loan Size: Believe it or not, the average loan size in a state can also impact rates. State Regulations: Each state has its own set of regulations governing the mortgage industry, which can indirectly affect rates. Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term.

Mortgages

Marco Santarelli

MARCH 10, 2025

Lenders reward those with better credit by offering more favorable mortgage terms. Down Payment : A larger down payment often leads to lower interest rates since the lender sees you as less of a risk. Debt-to-Income Ratio : Lenders look at your total debt-to-income ratio when determining your eligibility for a mortgage.

Debt-to-income ratio

Housing Wire

DECEMBER 13, 2024

Mortgage application and origination activity dropped by roughly one-third from 2022 to 2023 as high interest rates depressed broader industry activity. That’s according to Home Mortgage Disclosure Act (HMDA) data published by the Consumer Financial Protection Bureau (CFPB) in a report released Friday.

Debt-to-income ratio

Housing Wire

MAY 3, 2023

The Federal Reserve affirmed on Wednesday that its next key federal funds rate hikes will depend on incoming data. In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates.

Mortgages

Housing Wire

AUGUST 7, 2023

is one of the few places in the world where you can get a fixed-rate mortgage amortized over 30 years. Fixed-rate mortgages provide stability and predictability. The criteria to qualify for a fixed-rate mortgage has not changed much in the last 60 years.

Closing

Housing Wire

MARCH 10, 2023

Toohig adds that lenders are telling him that their customers “don’t want to do a new 30-year fixed-rate mortgage at 6.25%, and we’d rather do a smaller-balance HELOC [home equity line of credit] instead to improve their property.” And we have more of an asset-based underwriting not focused on debt-to-income ratios.”

Equity

HomeLight

JUNE 22, 2023

Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts. That’s because lenders will also look at your debt-to-income ratio, or DTI. That number will be your debt-to-income ratio.

Debt-to-income ratio

Marco Santarelli

JANUARY 6, 2025

Generally, higher credit scores qualify for lower rates, while lower scores lead to higher rates. Lenders also consider debt-to-income ratios and down payment amounts when setting rates. Generally, fixed-rate mortgages tend to have higher initial rates compared to variable rates.

Mortgages

Marco Santarelli

OCTOBER 6, 2024

Market Influences : Various economic factors—including decisions by the Federal Reserve, inflation trends, unemployment rates, and the impact of the upcoming election cycle—will significantly influence these mortgage rate predictions. On the flip side, when the Fed lowers rates, it generally makes home loans more affordable.

Mortgages

HomeLight

JUNE 16, 2023

If you’re a homeowner with consumer or student debt, it’s tempting to tap into your home’s equity with a cash-out refinance to pay down these balances. In some instances, prioritizing paying off your high-interest debt over your fixed-rate mortgage can expedite your journey to financial freedom.

Fixed-rate mortgage

Realty Biz

SEPTEMBER 30, 2023

There is no specific credit score that is universally considered 'low' for a mortgage. However, generally, a credit score below 620 is often seen as a lower credit score in the mortgage industry. What types of mortgages are available for individuals with low credit scores? Reduce your existing debt.

Finance

Redfin

SEPTEMBER 27, 2021

Shopping for a mortgage, you might encounter lenders who pre-qualify you for a higher loan amount than you expected. Many lenders work with standard debt-to-income ratio calculations which don’t take into account other costs of home ownership. The first step is understanding how much you can afford to spend on a mortgage.

Debt-to-income ratio

HomeLight

AUGUST 28, 2020

These government-backed agencies buy huge numbers of mortgages from lenders, bundle them together, and then sell them to investors. GSEs basically act like a middleman between mortgage lenders and investors. They play a vital role in keeping the money flowing in the mortgage industry. Your debt-to-income ratio.

Mortgages

Redfin

JULY 11, 2023

The interest rate and term length determine the amount of your monthly payments. What are the different types of mortgages? When considering mortgage options, it’s important to understand the different types available. To improve your chances of getting approved for a mortgage, there are a few key considerations.

Pre-approval

Marco Santarelli

APRIL 26, 2023

The rising interest rates doubled mortgage interest rates in 2022, peaking at 7% in November. There was speculation that the Fed might not hike interest rates in the wake of turmoil in the banking industry. However, it continued its policy of raising short-term interest rates to combat inflation.

Marketing

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Fixed-rate mortgages are more predictable, and they work better for buyers who plan to be in the home for a longer period of time. Adjustable-rate interest. If you’re making a risky career move, your lender may likewise see your mortgage as a risk.

Closing costs

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Debt-to-income ratio (DTI). Fixed-rate mortgage.

Purchase and sale agreement

Marco Santarelli

FEBRUARY 14, 2025

As of February 14, 2025, mortgage rates have slightly increased. The average rate for a 30-year fixed-rate mortgage is now 6.92%, a small uptick of 0.01% from the previous week. This slight increase in rates is just one aspect of a complex and evolving housing market.

Fixed-rate mortgage