Marco Santarelli

APRIL 7, 2025

Today's Mortgage Rates April 7, 2025: Rates Plunge Driven by Economic Turmoil Key Takeaways Mortgage Rates Decline : Average 30-year fixed rates are now at 6.39%. Refinance Rates also Drop : Average refinance rates for 30-year loans are at 6.43%.

Mortgages

Norada Real Estate

JUNE 8, 2025

As of today, June 8, 2025, mortgage rates for various home loan types show varying trends. The national average for a 30-year fixed mortgage rate slightly declined to 7.03%, marking a decrease from the previous week. The most popular option is the 30-year fixed-rate mortgage.

Debt-to-income ratio

Marco Santarelli

JULY 25, 2025

Credit Score Averages: States with higher average credit scores may see slightly lower rates overall, as lenders perceive less risk. Average Loan Size: The size of the average mortgage in a state can also affect rates. For example, states with higher property values tend to have larger loan sizes.

Mortgages

Marco Santarelli

MAY 24, 2025

Consumer Sentiment : Market perceptions can alter demand for loans, impacting overall rates. If consumers feel optimistic about the economy, they may be more inclined to take on loans, driving demand and potentially increasing rates. This option may be suitable for those planning to move within the initial fixed period.

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%. Looking at a $300,000 Mortgage Now, let's consider a $300,000 mortgage.

Mortgages

Marco Santarelli

DECEMBER 11, 2024

Below, we explore two of the most common mortgage types: 30-year fixed mortgages and 15-year fixed mortgages , along with adjustable-rate mortgages (ARMs). Factors such as credit scores, debt-to-income ratios, and market trends will significantly impact individual mortgage experiences.

Mortgages

Marco Santarelli

MAY 15, 2025

Credit Score Averages: States with higher average credit scores may see slightly lower rates overall. Average Loan Size: The average loan size can also influence rates. In areas with higher home prices and larger loans, lenders might adjust their rates accordingly. Shopping Around is Key!

Mortgages

Redfin

JULY 30, 2025

Key takeaways: First-time homebuyer: Anyone who hasn’t owned a primary residence in the past three years Common first-time homebuyer qualifications: Credit score, debt-to-income ratio, down payment, income limits, employment history, purchase limits, homebuyer education Buying your first home? Let’s get started.

Debt-to-income ratio

Marco Santarelli

APRIL 23, 2025

One thing that is clear is that mortgage rates are a HUGE deal. Even a tiny difference in the rate can add up to tens of thousands of dollars over the life of the loan. So, lets break down the current mortgage rate situation and see which states are offering the best deals and what impacts the rates.

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

Redfin

JULY 30, 2025

Most homebuyers will need to think ahead about the following costs when estimating how much money is needed to purchase a home: Down payment: The down payment is a percentage of the home’s purchase price, anywhere from 0% to 20% depending on your loan. Several loan options, such as FHA or VA loans, only require a down payment of 3.5%

Pre-approval

Marco Santarelli

APRIL 24, 2025

States With the Lowest Mortgage Rates Today – April 24, 2025 Why Mortgage Rates Matter – More Than Just a Number I know, I know, mortgage rates might seem like just another boring number. In simple terms, lower rates mean more money in your pocket! Loan Type: Different loan types (e.g.,

Mortgages

Marco Santarelli

MARCH 17, 2025

Here's a snapshot of the average mortgage rates you can expect today: 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% Source: Zillow It's worth noting that these are national averages.

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. 30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible. Refinance Rates: What's on Offer Today?

Mortgages

Marco Santarelli

APRIL 9, 2025

Mortgage Rates Drop: Demand Surges 20% Amid Tariff-Driven Turmoil A Perfect Storm: Tariffs, Rates, and Refinancing It all started with shifts in the tariff situation, which caused ripples in the financial markets. These ripples translated into a decrease in mortgage interest rates.

Mortgages

Marco Santarelli

MAY 18, 2025

As of May 18, 2025, mortgage rates have decreased , presenting a more favorable environment for home buyers and those considering refinancing their existing loans. The average 30-year fixed interest rate is now at 6.77% , down eight basis points , while the 15-year fixed rate has fallen to 6.03% , a decline of ten basis points.

Mortgages

Marco Santarelli

MAY 2, 2025

More competition usually means better rates for you! Credit Scores: The average credit score within a state can influence rates. States with higher average credit scores might see slightly lower rates overall. Average Loan Size: This one is pretty straightforward. Rates hit a two-year low of 5.89%.

Mortgages

Marco Santarelli

MARCH 30, 2025

Similarly, the 15-year fixed rate has seen a small decrease, settling at 5.91%, down by four basis points. While this offers a bit of relief, experts predict that significant drops in home loan rates are unlikely in the immediate future.

Mortgages

Marco Santarelli

JUNE 17, 2025

State-Level Credit Score Variations: The average credit score within a state can impact rates. States with higher average scores might see slightly better rates. Average Loan Size: The typical loan amount requested in a state can also play a role. Don't settle for the first rate you're offered.

Mortgages

Redfin

JULY 31, 2025

Look into first-time homebuyer benefits Many programs are designed to make homeownership more accessible for first-time buyers by reducing upfront costs, lowering monthly payments, and helping with mortgage qualification. State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help.

Purchase and sale agreement

Marco Santarelli

JANUARY 23, 2025

Mortgage rates on January 23, 2025, have seen a decline across various loan types, continuing a downward trend that has impacted borrowers positively. The current average rate for a 30-year fixed mortgage is 7.05% , down from 7.13% last week. Over a 30-year loan, that amounts to nearly $1,944.

Mortgages

Marco Santarelli

MAY 22, 2025

Creditworthiness: A potential borrowers financial profile has a direct effect on the interest rates offered. Lenders assess credit scores, debt-to-income ratios, and down payments when determining rates. Higher credit scores generally yield lower rates. for principal and interest.

Mortgages

Norada Real Estate

JUNE 6, 2025

States with higher average credit scores might see slightly lower rates. Average Loan Size: The average loan amount also matters. Larger loan amounts may carry slightly different rates compared to smaller loans due to market demand and risk considerations.

Mortgages

Marco Santarelli

MARCH 25, 2025

Today's Mortgage Rates: A Detailed Look Understanding the specific mortgage rates available today is crucial for informed decision-making. Delving Deeper into Today's Mortgage Refinance Rates For homeowners contemplating a refinance, examining current refinance rates is paramount.

Mortgages

Marco Santarelli

JUNE 3, 2025

Some lenders might specialize in certain types of loans or cater to specific credit profiles, allowing them to offer more competitive rates in those areas. Factors like average credit scores, loan sizes, and foreclosure rates can all affect the rates lenders offer in a particular state.

Mortgages

Norada Real Estate

MAY 22, 2025

Creditworthiness: A potential borrowers financial profile has a direct effect on the interest rates offered. Lenders assess credit scores, debt-to-income ratios, and down payments when determining rates. Higher credit scores generally yield lower rates. for principal and interest.

Mortgages

Marco Santarelli

MAY 6, 2025

States With the Lowest Mortgage Rates Today May, 06 2025 National Mortgage Rate Snapshot Before we zoom in on the states with the lowest rates, let's get a national overview. As of today, May 6, 2025, the national average for a 30-year fixed-rate mortgage is 7.00%.

Mortgages

Marco Santarelli

MARCH 6, 2025

Because they directly impact how much you'll pay each month and over the life of your loan! Refinance Rates: A Quick Glance Considering a refinance? Decoding Mortgage Jargon: What Does It All Mean? Let's be real, the mortgage world is full of confusing terms. Always compare APRs when shopping for a mortgage!

Mortgages

Marco Santarelli

APRIL 24, 2025

Think of it this way: the Fed funds rate has a more direct impact on short-term interest rates , like those on savings accounts, credit cards, and personal loans. Mortgages, especially fixed-rate mortgages, are long-term loans, and their rates are influenced by a broader range of factors.

Mortgages

Marco Santarelli

JUNE 27, 2025

Today's 5-Year Adjustable Rate Mortgage Drops Slightly to 7.54% – June 27, 2025 Understanding the 5-Year Adjustable Rate Mortgage (ARM) An Adjustable Rate Mortgage isn't as scary as it sounds. This translates to lower monthly payments during the initial fixed-rate period.

Fixed-rate mortgage

Marco Santarelli

MAY 22, 2025

States with higher average credit scores might see slightly better rates overall. Average Loan Size: The size of the average mortgage loan can also impact rates. Larger loan amounts sometimes come with different risk profiles for lenders. Don't just settle for the first rate you see.

Mortgages

Marco Santarelli

JULY 10, 2025

Risk Management Strategies: Different lenders have their own ways of assessing risk, and this can influence the rates they offer. Credit Score Averages: States with higher average credit scores tend to see slightly lower rates overall. Average Loan Size: Believe it or not, the average loan size in a state can also impact rates.

Mortgages

Marco Santarelli

MARCH 10, 2025

Heres a detailed overview of the current mortgage rates: Loan Type Current Rate (%) 30-year Fixed 6.31 20-year Fixed 6.06 15-year Fixed 5.63 FHA Loans 30-year 6.01 Here are the average refinance rates: Loan Type Current Rate (%) 30-year Fixed 6.33 20-year Fixed 6.09

Debt-to-income ratio

Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. And because their income didn’t keep up, lenders’ denials for a home loan jumped last year, according to a Consumer Financial Protection Bureau (CFPB) report released Wednesday.

Debt-to-income ratio

Housing Wire

APRIL 7, 2021

A monthly mortgage, on the other hand, doesn’t usually increase for homeowners with fixed-rate mortgages. Your Income Is Stable. A stable income means you’re more likely to be approved for a loan , than someone with an unstable income. How are your finances? You Have Savings.

Debt-to-income ratio

Housing Wire

DECEMBER 13, 2024

That’s according to Home Mortgage Disclosure Act (HMDA) data published by the Consumer Financial Protection Bureau (CFPB) in a report released Friday. The decline was sharper for refinances when compared with purchase loans, according to the report.

Debt-to-income ratio