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

Marco Santarelli

DECEMBER 22, 2024

Adjustable Rates When considering the right mortgage type , borrowers frequently weigh fixed-rate mortgages against adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages: These loans offer stability by locking in the interest rate for the entire duration of the mortgage (typically 15-30 years).

Mortgages 52

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

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. The Purchase Rate vs. Refinance Rate Dynamic: It's not uncommon for refinance rates to be slightly higher than purchase rates.

Mortgages 52

Mortgages Debt-to-income ratio Principal VA loan 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

SEPTEMBER 30, 2023

According to Bankrate, the average FHA loan rate for credit scores of 680-699 is 5.531% as of September 30, 2023. However, it is important to note that interest rates can vary depending on a number of factors, including the loan amount, loan term, and the borrower's debt-to-income ratio.

FHA loan 105

FHA loan Mortgages Debt-to-income ratio Loans 105

Realty Biz

SEPTEMBER 30, 2023

Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Redfin

AUGUST 12, 2024

Income stability : Lenders prefer borrowers with a stable income and employment history. Documenting at least two years of consistent income can be crucial. Debt-to-income ratio (DTI) : This ratio compares your monthly debt payments to your monthly gross income.

Loans 74

Loans Mortgages Pre-approval Fixed-rate mortgage 74