Marco Santarelli

APRIL 7, 2025

This downward trend in mortgage rates presents an opportunity for prospective homebuyers and current homeowners looking to refinance, especially as the spring home-buying season approaches and more homes become available on the market. Refinance Rates also Drop : Average refinance rates for 30-year loans are at 6.43%.

Mortgages

Norada Real Estate

JUNE 8, 2025

Average Refinance Rate for 30-Year Fixed : Currently 7.25% , down from 7.28%. Current Mortgage Rates Overview Changing mortgage rates can have significant implications for homebuyers and the housing market as a whole. The most popular option is the 30-year fixed-rate mortgage.

Debt-to-income ratio

Marco Santarelli

MAY 24, 2025

Refinance rates : 30-year fixed refinance at 7.06% , 15-year fixed refinance at 6.15%. A brief uptick in rates was observed earlier this week before this surprising dip. Understanding market fluctuations is vital for both homebuyers and homeowners interested in refinancing. 20-year fixed 6.68 5/1 ARM 7.35

Mortgages

Marco Santarelli

DECEMBER 11, 2024

Mortgage rates have climbed today as the market anticipates the report from the Consumer Price Index (CPI) set to be released later today. As of December 11, 2024, the national average for the 30-year fixed mortgage rate is 6.26% , while the 15-year fixed rate has risen to 5.62%.

Mortgages

Marco Santarelli

JULY 25, 2025

Those that do might prioritize specific regions due to existing infrastructure or market strategies. 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.

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 Ahead: Whats Next for Mortgage Rates?

Mortgages

Marco Santarelli

MAY 15, 2025

Loan Type New Purchase 30-Year Fixed 7.07% FHA 30-Year Fixed 7.37% 15-Year Fixed 6.14% Jumbo 30-Year Fixed 7.04% 5/6 ARM 7.24% Source: Zillow As you can see, the type of loan you choose can also impact your rate. Income: Lenders want to see that you have a stable income and can afford your monthly payments.

Mortgages

Marco Santarelli

MAY 5, 2025

The average 30-year fixed mortgage rate has climbed to 6.70% , while the 15-year fixed rate has reached 5.95%. In the context of potentially volatile economic indicators, these rates reflect ongoing adjustments in the housing market. Adjustable-rate mortgages are also up, notably the 5/1 ARM at 6.88%.

Debt-to-income ratio

Norada Real Estate

MAY 5, 2025

The average 30-year fixed mortgage rate has climbed to 6.70% , while the 15-year fixed rate has reached 5.95%. In the context of potentially volatile economic indicators, these rates reflect ongoing adjustments in the housing market. Adjustable-rate mortgages are also up, notably the 5/1 ARM at 6.88%.

Debt-to-income ratio

Marco Santarelli

APRIL 9, 2025

This spike was triggered by a brief dip in mortgage rates, a consequence of volatility in the financial markets spurred by tariff-related news. These ripples translated into a decrease in mortgage interest rates. These ripples translated into a decrease in mortgage interest rates.

Mortgages

Marco Santarelli

APRIL 23, 2025

Some might be more willing to offer lower rates in certain areas based on their assessment of the local market. Recent Fluctuations: Rates had dropped 20 basis points last week, but then increased 11 basis points over the last four days. fixed-rate, adjustable-rate, FHA, VA) come with different interest rates.

Mortgages

Marco Santarelli

APRIL 24, 2025

National Mortgage Rate Trends: A Broader View While it's important to focus on your state, understanding national trends can provide valuable context. Here's a snapshot of what's happening on a national level: 30-Year Fixed: The average rate for a 30-year fixed-rate mortgage fell slightly to 7.03% on Wednesday.

Mortgages

Redfin

JULY 30, 2025

On top of that, it’s also smart to check your local housing market trends and mortgage interest rates. What’s the difference between a fixed-rate mortgage and adjustable-rate mortgage? Your mortgage rate will not change, regardless of market rates rising or falling.

Pre-approval

Marco Santarelli

MAY 18, 2025

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. This trend is encouraging and may motivate potential buyers to engage more actively in the housing market.

Mortgages

Marco Santarelli

MARCH 20, 2025

Are you keeping an eye on mortgage rates? As of March 20, 2025, the mortgage market is showing a slight upward tick , with rates inching up for the second consecutive week. Despite this recent bump, it's important to remember that rates are still more favorable compared to where they stood this time last year.

Mortgages

Marco Santarelli

MARCH 17, 2025

Are you keeping an eye on mortgage rates today, March 17, 2025? If you're in the market to buy a home or thinking about refinancing, you're probably wondering what's happening with interest rates. 15-year fixed mortgage rates are hovering near 5.93%.

Mortgages

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%.

Mortgages

Redfin

JULY 31, 2025

No down payment is required, but income limits apply based on location and household size. Adjustable-Rate Mortgage (ARM): Starts with a lower fixed rate, then adjusts based on market trends. ARMs can help you save early on, but carry the risk of rate increases.

Purchase and sale agreement

Marco Santarelli

JUNE 17, 2025

These rates often come with catches like: Paying points upfront Requiring an exceptionally high credit score Being limited to very small loan amounts Remember, the rate you actually qualify for will depend on your individual circumstances, including your credit score, income, debt-to-income ratio, and the size of your down payment.

Mortgages

Marco Santarelli

MARCH 30, 2025

Long-Term Goals Matter: When choosing between a 15-year and 30-year mortgage , consider your short-term cash flow needs versus long-term interest savings. Focus on Financial Health: Improving your credit score and lowering your debt-to-income ratio are key factors in securing a lower mortgage rate.

Mortgages

Marco Santarelli

JANUARY 23, 2025

While lower initial payments are appealing, its essential to consider future adjustments that can increase costs after the initial fixed period of five years. Jumbo Mortgage Rates For homebuyers in higher-cost markets needing larger loans exceeding the conforming loan limits, jumbo mortgages are critical.

Mortgages

Marco Santarelli

MAY 22, 2025

On May 22, 2025, mortgage rates are sharply higher as concerns over national debt impact the bond market. The average 30-year fixed mortgage rate is now 6.93% , while 15-year fixed mortgages remain at 6.08%. Higher credit scores generally yield lower rates.

Mortgages

Norada Real Estate

JUNE 6, 2025

States with higher average credit scores might see slightly lower rates. Larger loan amounts may carry slightly different rates compared to smaller loans due to market demand and risk considerations. How Mortgage Rates are Determined Mortgage rates don't just appear out of thin air.

Mortgages

Norada Real Estate

MAY 22, 2025

On May 22, 2025, mortgage rates are sharply higher as concerns over national debt impact the bond market. The average 30-year fixed mortgage rate is now 6.93% , while 15-year fixed mortgages remain at 6.08%. Higher credit scores generally yield lower rates.

Mortgages

Marco Santarelli

MARCH 25, 2025

This benchmark rate is a popular choice for its stability and predictability, making it a crucial indicator for the housing market. 15-Year Fixed Mortgage Rate: Increased to 5.97%. The interest rate remains constant throughout the loan term, offering peace of mind and simplifying long-term financial planning.

Mortgages

Marco Santarelli

JUNE 3, 2025

State-Level Factors: States have different economic conditions, regulations, and housing market dynamics. Factors like average credit scores, loan sizes, and foreclosure rates can all affect the rates lenders offer in a particular state. According to Zillow, the average rate for a 30-year fixed-rate mortgage is 7.00%.

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

Let's be real, the mortgage world is full of confusing terms. Let me break down some of the most important ones: Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term. This can mean lower initial payments, but also the risk of your rate going up later. A lower DTI is better.

Mortgages

Marco Santarelli

APRIL 24, 2025

If you're wondering where mortgage rates are headed and what the Fed's upcoming meeting on May 7, 2025, means for you, here's the deal: While most experts believe the Fed will hold steady on rates at the next meeting, the future is still uncertain. point rate cuts by the end of 2025.

Mortgages

Marco Santarelli

JUNE 27, 2025

Essentially, it's a home loan with an interest rate that's fixed for a specific period (in this case, five years) and then adjusts periodically based on market conditions. This is different from a fixed-rate mortgage , where the interest rate remains the same throughout the life of the loan.

Fixed-rate mortgage

Marco Santarelli

MAY 22, 2025

These rules can affect lender costs and, subsequently, the rates they offer. Some might be more aggressive in certain markets than others. Today's Rate Landscape: A Closer Look Zillow's data gives us a snapshot of where things stand on May 22, 2025. North Dakota, and Vermont have the highest rates, ranging from 7.17% to 7.23%.

Mortgages

Marco Santarelli

JULY 10, 2025

If you're in the market to buy a home, you're probably wondering, “Which states have the lowest mortgage rates today ?” These states offer rates hovering between 6.56% and 6.79%. So, the market is constantly changing. Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term.

Mortgages

Marco Santarelli

MARCH 10, 2025

Rates are expected to remain high compared to the historic lows experienced during the pandemic. Homebuyers and current homeowners should consider securing rates now rather than waiting for further decreases. Its essential to have an updated view of the market before making any home buying or refinancing decisions. 5/1 ARM 6.03

Debt-to-income ratio

Housing Wire

SEPTEMBER 27, 2023

. “The higher interest rate environment had profound effects on the mortgage market in 2022, with borrowers paying much more in monthly payments,” CFPB Director Rohit Chopra said in a statement. “These trends are likely to continue given further increases in interest rates in 2023.”

Debt-to-income ratio

Housing Wire

APRIL 7, 2021

A homebuyer’s guide to a competitive housing market. 3 underrated mortgage products to consider. And unfortunately, prices are only going to continue to rise as the housing market remains strong. A monthly mortgage, on the other hand, doesn’t usually increase for homeowners with fixed-rate mortgages.

Debt-to-income ratio

Housing Wire

DECEMBER 13, 2024

Most of the refinance originations left in the market were a small number of cash-out refinance loans. Rising interest rates largely drove consumers into higher monthly mortgage payments, with a conventional conforming 30-year fixed-rate mortgage increasing from $2,045 in December 2022 to $2,295 a year later.

Debt-to-income ratio

Housing Wire

MAY 3, 2023

The Fed’s move on Wednesday was well anticipated and should not cause a major shift in mortgage and other interest rates, experts noted. Mortgage rates should fall, as the bond market hasn’t really cared much about the last few rate hikes by the Fed.

Mortgages