Marco Santarelli

JANUARY 2, 2025

As per the latest data from Zillow , the average 30-year fixed mortgage rate has climbed to 6.70% , while the 15-year fixed rate has increased to 6.10%. The rising rates may present challenges, but understanding the trend can provide some clarity for those looking to navigate this complex market.

Mortgages 98

Mortgages Fixed-rate mortgage Debt-to-income ratio VA loan 98

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Marco Santarelli

MARCH 4, 2025

However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. It signifies a potentially more favorable environment for entering the housing market or adjusting your current mortgage terms. mortgage rates.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

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 52

Debt-to-income ratio Fixed-rate mortgage Mortgages Loans 52

Marco Santarelli

MAY 24, 2025

The average interest rate on a 30-year fixed-rate mortgage has climbed to 7.15% , marking the highest point we've seen in over a year, specifically since May 2, 2024. This increase has ripple effects across the housing market and impacts affordability for many. The 15-year fixed-rate mortgage tells a similar story.

Mortgages 64

Mortgages Fixed-rate mortgage Debt-to-income ratio Loans 64

Marco Santarelli

MAY 3, 2025

Are you thinking about buying a home, or perhaps refinancing your current mortgage? The news you've been waiting for is here: mortgage rates are continuing their downward trend. As of May 1, 2025, the 30-year fixed-rate mortgage has dipped to 6.76% , a welcome change compared to the earlier part of the year.

Debt-to-income ratio 59

Debt-to-income ratio Mortgages Fixed-rate mortgage Pre-approval 59

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 93

Mortgages VA loan Debt-to-income ratio Fixed-rate mortgage 93

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 52

Mortgages Fixed-rate mortgage Debt-to-income ratio Loans 52

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 72

Mortgages Fixed-rate mortgage Principal Loans 72

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 59

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 59

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 52

Debt-to-income ratio Mortgages Fixed-rate mortgage Loans 52

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 52

Debt-to-income ratio Mortgages Fixed-rate mortgage Loans 52

Marco Santarelli

MARCH 13, 2025

Here's a detailed look at current averages from Zillow's data: Type of Mortgage Interest Rate (%) 30-year fixed 6.34 20-year fixed 6.11 15-year fixed 5.65 As reflected in the table, the rates have progressed over the last few months. 5/1 ARM 6.38 7/1 ARM 6.79 30-year VA 5.86 15-year VA 5.28 5/1 VA 5.76

Mortgages 52

Mortgages Fixed-rate mortgage Debt-to-income ratio Principal 52

Marco Santarelli

DECEMBER 22, 2024

As of December 22, 2024, the average 30-year fixed mortgage rate has increased to 6.67% , marking its highest point since June 2024. Understanding these rates is important for making informed decisions in the housing market, whether you're buying a home or refinancing your current mortgage.

Mortgages 52

Mortgages VA loan Fixed-rate mortgage Debt-to-income ratio 52

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 64

Mortgages Principal Fixed-rate mortgage Debt-to-income ratio 64

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 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

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 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

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 52

Mortgages FHA loan Debt-to-income ratio Fixed-rate mortgage 52

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 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

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 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

Realtor.com

FEBRUARY 2, 2022

And older boomers (aged 66 to 74) scooped up an additional 14% of the market during the same period, according to a recent report from the National Association of Realtors®. Watch your debt-to-income ratio. When you retire, your lack of income may scare some lenders. Get creative with your mortgage.

Debt-to-income ratio 100

Debt-to-income ratio Mortgages Fixed-rate mortgage Lending 100

HomeLight

JUNE 22, 2023

To help you understand exactly what you’re getting into, we’ve created a comprehensive guide that answers the most common mortgage questions buyers have for lenders about the mortgage process. Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

Marco Santarelli

JANUARY 6, 2025

Several factors influence current mortgage rates: Economic Indicators: Mortgage rates often respond to broader economic trends, such as inflation, employment data, and housing market statistics. Credit Score and Financial Profile: Your credit score plays a vital role in determining the rate you receive.

Mortgages 97

Mortgages Debt-to-income ratio Fixed-rate mortgage VA loan 97

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 52

Mortgages Fixed-rate mortgage Debt-to-income ratio Principal 52

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 52

Mortgages Debt-to-income ratio Principal VA loan 52

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 64

Mortgages Debt-to-income ratio Loans FHA loan 64

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 52

Mortgages Debt-to-income ratio Loans Banks 52

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 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

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 52

Mortgages Debt-to-income ratio Principal Loans 52

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 52

Mortgages Debt-to-income ratio Pre-approval Loans 52

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 52

Mortgages Debt-to-income ratio Principal Loans 52

Marco Santarelli

MARCH 3, 2025

It is also important to know about geopolitical events, which might indirectly influence mortgage rates. Understanding Different Types of Mortgage Rates Let's break down the different types of mortgage rates you'll encounter: Fixed-Rate Mortgage: This is the most common type.

Mortgages 102

Mortgages Fixed-rate mortgage Debt-to-income ratio Pre-approval 102

Marco Santarelli

OCTOBER 14, 2023

According to Freddie Mac's Primary Mortgage Market Survey (PMMS) , which tracks the average rates for 30-year fixed-rate mortgages since 1971 , mortgage rates have ranged from a record low of 2.65% in January 2021 to a record high of 18.63% in October 1981. to 8.6% , averaging around 6.2%

Debt-to-income ratio 88

Debt-to-income ratio Mortgages Fixed-rate mortgage Construction 88

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 52

Mortgages Debt-to-income ratio Loans Fixed-rate mortgage 52

HomeLight

OCTOBER 15, 2020

Maximum debt-to-income ratio of 43% (this is known as DTI, and it looks at how much debt you pay each month versus how much income you bring in). Minimum down payment amount of 5% (or even as low as 3% for certain programs for low- to middle-income borrowers). Fixed-rate mortgage.

Loans 98

Loans FHA loan Debt-to-income ratio VA loan 98

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 52

Mortgages Debt-to-income ratio Loans Fixed-rate mortgage 52

Realty Biz

MARCH 15, 2023

With changes in the housing market, you might question whether it is a good time to buy a house. What happens in the housing market is important, but your financial situation and whether you are ready to buy a home should be more influential in your decision. Don't assume the national headlines apply to your local market.

Debt-to-income ratio 111

Debt-to-income ratio Fixed-rate mortgage Mortgages Loans 111