Marco Santarelli

APRIL 5, 2025

Mortgage rates today stand around 6.40% for a 30-year fixed mortgage, indicating a slight decline compared to previous months. This drop in mortgage rates comes as market analysts increase their predictions of a potential recession driven by tariffs imposed earlier this week. Understanding Mortgage Types and Their Rates 1.

Mortgages 72

Mortgages Principal Debt-to-income ratio Purchase and sale agreement 72

Marco Santarelli

MARCH 6, 2025

Are you dreaming of owning a home, but those mortgage rates are making you sweat? Everyone's wondering the same thing: Will mortgage rates go down in 2025? This sent 30-year mortgage rates tumbling to a historic low of around 2.65% in early 2021. Fast forward to October 2023, and we saw mortgage rates skyrocket to nearly 7.80%.

Mortgages 97

Mortgages Debt-to-income ratio Banks Principal 97

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%. Mortgage rates can wiggle around based on where you are and who you're borrowing from.

Mortgages 93

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

Marco Santarelli

JANUARY 2, 2025

Ever felt like you're staring into the abyss when thinking about a 30-year mortgage? Its a huge commitment, and while that monthly payment might seem manageable, the total cost of a mortgage over 30 years can be eye-watering. When you take out a mortgage, you're borrowing money to buy a house. Youre not alone.

Mortgages 52

Mortgages Principal Debt-to-income ratio Loans 52

Marco Santarelli

MARCH 4, 2025

But let's be honest, lately, the path to homeownership has felt more like climbing a mountain than strolling through a park, especially with those mortgage rates seeming sky-high. So, if you're wondering, “ Mortgage rates are falling. But in this case, it's actually contributing to lower mortgage rates. And guess what?

Mortgages 83

Mortgages Debt-to-income ratio Principal As-is 83

Marco Santarelli

MARCH 30, 2025

Today, March 30, 2025, potential homebuyers and those looking to refinance are seeing a slight dip in mortgage rates. According to recent data from Zillow, the average 30-year fixed mortgage rate has edged down to 6.59%, a decrease of three basis points.

Mortgages 64

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

Marco Santarelli

APRIL 7, 2025

As of April 7, 2025, today's mortgage rates have decreased significantly. According to Zillow, the average 30-year fixed mortgage rate now stands at 6.39% , down by 20 basis points since last week. The 15-year fixed mortgage rate has also fallen, dropping 19 basis points to 5.72%. 20-Year Fixed 6.01 15-Year Fixed 5.72

Mortgages 59

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

Marco Santarelli

MARCH 17, 2025

Are you keeping an eye on mortgage rates today, March 17, 2025? Well, according to the latest data, mortgage rates are still on the higher side and have even seen a bit of an increase recently. Today's Mortgage Rates March 17, 2025: Rates Are Rising Again Slowly Key Takeaways: 30-year fixed mortgage rates are averaging around 6.59%.

Mortgages 72

Mortgages Fixed-rate mortgage Principal Loans 72

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. 30-year fixed mortgage rate: Currently averaging 6.61%. 15-year fixed mortgage rate: Averaging 5.98%. 15-year fixed mortgage rate: Averaging 5.98%.

Mortgages 52

Mortgages Debt-to-income ratio Principal VA loan 52

Marco Santarelli

MARCH 13, 2025

As of today, March 13, 2025, mortgage rates have increased slightly in response to the latest inflation data, with the 30-year fixed mortgage rate now at 6.34% and the 15-year fixed rate at 5.65%. Here's a detailed look at current averages from Zillow's data: Type of Mortgage Interest Rate (%) 30-year fixed 6.34 5/1 ARM 6.38

Mortgages 52

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

Point2Homes

DECEMBER 15, 2021

There are many types of mortgages for homebuyers to consider in the U.S. Assumable mortgages aren’t as common as others, but they can offer a wealth of benefits in the right circumstances. What Is an Assumable Mortgage? How Does an Assumable Mortgage Work? Are All Mortgage Types Assumable? Let’s find out more.

Debt-to-income ratio 109

Debt-to-income ratio VA loan Mortgages FHA loan 109

RIS Media

JUNE 3, 2021

If you are looking to lower the interest rates on your monthly mortgage payments, refinancing may be the answer. But, according to a recent study by Lending Tree, even though most mortgage refinances were approved at the start of 2021, many were denied. High Debt-to-Income Ratio . Insufficient Collateral .

Debt-to-income ratio 105

Debt-to-income ratio Principal Lending Equity 105

Marco Santarelli

MARCH 6, 2025

Thinking about buying a home or refinancing your current mortgage? Well, today's mortgage rates, as of March 6, 2025, show an increase. Specifically, the average 30-year fixed mortgage rate is currently at 6.28% , and the 15-year fixed rate is 5.57%. Decoding Mortgage Jargon: What Does It All Mean? So, let's dive in.

Mortgages 64

Mortgages Debt-to-income ratio Loans Principal 64

Marco Santarelli

DECEMBER 22, 2024

Mortgage rates are a critical consideration for anyone looking to borrow money for a home. As of December 22, 2024, the average 30-year fixed mortgage rate has increased to 6.67% , marking its highest point since June 2024. Recommended Read: Mortgage Rates Trends December 21, 2024 Update What's Influencing Today's Mortgage Rates?

Mortgages 52

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

HomeLight

JUNE 22, 2023

All of these things are stressful and confusing, but you’d be surprised by how many people struggle with the mortgage process. And they need answers to their mortgage questions. As a first-time homebuyer, you’re likely among the 85% of buyers who will apply for a home mortgage instead of paying cash.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

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. For many buyers, this slight drop can mean significant savings over the life of the loan.

Mortgages 52

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

Marco Santarelli

MARCH 25, 2025

Today's mortgage rates have experienced a slight uptick, a trend observed at the commencement of the spring home-buying season. According to the latest data, the average 30-year fixed mortgage rate stands at 6.58%, while the 15-year fixed mortgage rate is currently at 5.97%. 15-Year Fixed Mortgage Rate: Increased to 5.97%.

Mortgages 52

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

Calculated Risk Real Estate

APRIL 1, 2024

seasonally adjusted annualized rate There are many headwinds facing the would-be seller in today’s market, making their existing mortgage payment particularly attractive in comparison. The results were bracing, to say the least.

VA loan 117

VA loan Mortgages Debt-to-income ratio Loans 117

Realty Biz

MAY 2, 2023

Before venturing into home buying, the first step is determining how much your mortgage loan will cost in the long run and your ability to afford it. Besides the cost and affordability, you may want to compare lenders to ensure you get the best deal before settling for one, and this is where a mortgage calculator comes in.

Debt-to-income ratio 87

Debt-to-income ratio Mortgages Principal Loans 87

Realty Biz

FEBRUARY 7, 2022

By paying off a mortgage in 15 years instead of 30, it means you’ll have more money to spend on other things much sooner. In fact, it seems to me that it makes great sense to take out a 15-year mortgage and make extra payments on top of that every month. Why don’t most people just choose a 15-year mortgage? Answer: Hello Dan.

Debt-to-income ratio 85

Debt-to-income ratio Mortgages Principal Finance 85

HomeLight

JULY 7, 2022

We’ll break this affordability equation down into more detail later, but if you’re grossing $70,000, a monthly mortgage payment between $1,400 and $1,700 is probably where you’ll fit most comfortably. The simple rule of thumb I tell buyers is that, typically, 40% of your monthly payment is taxes, insurance, mortgage insurance, and so on.

Debt-to-income ratio 122

Debt-to-income ratio Closing costs FHA loan Loans 122

Redfin

MARCH 3, 2025

Unless youve got a few hundred thousand dollars lying around and plan on buying a house in cash , youll probably need to take out a mortgage to make this purchase. In this Redfin article, well break down how much a mortgage on a $300,000 house costs, both on a monthly basis and in the long run.

Mortgages 31

Mortgages Debt-to-income ratio Principal Loans 31

RIS Media

NOVEMBER 2, 2020

You should have money left over in mortgage reserves so you’ll be able to pay your loan principal, interest, taxes and insurance if you experience a loss of income. Mortgage reserves are expressed in terms of the number of months you can cover all those costs. . Why Might Mortgage Reserves Be Required?

Debt-to-income ratio 64

Debt-to-income ratio Closing Mortgages Loans 64

Redfin

SEPTEMBER 6, 2024

When it comes to finding the right balance between saving, spending, and investing, one of the biggest questions many people face is how much of their income should be allocated to their mortgage. In this article, we’ll explore recommendations and practical tips to help you determine a mortgage budget that works for you.

Debt-to-income ratio 69

Debt-to-income ratio Mortgages VA loan Principal 69

Redfin

JULY 11, 2024

In this Redfin article, we’ll delve into the intricacies of mortgage interest, helping you understand how it works, what factors influence it, and how different types of mortgages can affect your payments. What is mortgage interest and how does it work? What is mortgage interest and how does it work?

Mortgages 71

Mortgages Fixed-rate mortgage Debt-to-income ratio Principal 71

RIS Media

APRIL 9, 2021

You have the right to refinance your mortgage as many times as you want, but your lender may place some limitations on how frequently you may do so. You will also have to meet your lender’s requirements related to debt-to-income ratio, credit score and percentage of equity. Pros and Cons of Multiple Refinances.

Debt-to-income ratio 71

Debt-to-income ratio Mortgages Closing costs Equity 71

HomeLight

MARCH 30, 2021

When you imagine paying a mortgage, does it make you feel a little queasy? And second of all, there’s actually a term for this scenario: It’s called being “ house poor ,” when your housing costs eat up the bulk of your income. You can have a mortgage and still afford the things you want in life. First of all, you’re not alone.

Debt-to-income ratio 111

Debt-to-income ratio Principal Loans Mortgages 111

HomeLight

AUGUST 28, 2020

If you’re buying a home, you probably already know you want to get the lowest mortgage rate possible. And you’ve also likely heard that mortgage rates are super low (and have been for years!) What, exactly, is a mortgage rate? Mortgage rates are relatively complex. Who sets mortgage interest rates?

Mortgages 104

Mortgages Loans Fixed-rate mortgage Principal 104

Redfin

SEPTEMBER 4, 2024

Refinancing your mortgage can be a strategic move to either lower your monthly payments, shorten your loan term, or tap into your home’s equity. However, did you know refinancing a mortgage can cost you? Now that you’re wondering, “How much does it cost to refinance a mortgage?” What does it mean to refinance a mortgage?

Mortgages 69

Mortgages Debt-to-income ratio Closing costs Principal 69

Redfin

MARCH 5, 2025

Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms. The 28/36 rule is a common mortgage budgeting guideline.

Debt-to-income ratio 43

Debt-to-income ratio Backup offer Finance Pre-approval 43

Realty Biz

JUNE 15, 2022

A fixed-rate mortgage is stable for 15 to 30 years, but rents may increase on average as much as 5% per year. . Money spent on a mortgage each month is building equity in something you’ll eventually own, and is a foundational means to growing wealth. You Need a 20% Down Payment to Get a Mortgage.

Debt-to-income ratio 98

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

HomeLight

JULY 31, 2020

People who have a limited income often feel like trying to buy a house the “traditional way” is impossible. Either they can’t get approved for a mortgage , they don’t have enough money for a down payment , or their credit score is too low. These payments are usually 22% to 26% of an applicant’s total income. Credit requirements.

Debt-to-income ratio 111

Debt-to-income ratio Loans Principal Equity 111

Redfin

AUGUST 12, 2024

With various mortgage types available, navigating the options can be overwhelming. Whether you’re looking to buy your first home in Austin or refinance your house in Miami , understanding the different mortgage types and key factors is essential. What is a mortgage? Here’s an overview of the main mortgage types: 1.

Loans 74

Loans Mortgages Pre-approval Fixed-rate mortgage 74

HomeLight

OCTOBER 11, 2021

This allows buyers who live in more expensive housing markets to still get a mortgage on a house. The loan servicer will collect money to pay your insurance and taxes each month when you pay your mortgage, and then the servicer will pay the insurance and taxes on your behalf when they are due.

FHA loan 104

FHA loan Loans Debt-to-income ratio Closing costs 104

HomeLight

MAY 31, 2021

Before you even start looking, you’ll also need to find a mortgage lender who will determine how much house you can afford , make sure your credit is in good standing, and see what kind of loan programs will work best for you. How much mortgage do I qualify for? Adjustable-rate mortgages, or ARM loans, can be a bit trickier.

Mortgages 85

Mortgages Debt-to-income ratio Loans Closing costs 85

Redfin

SEPTEMBER 6, 2024

For those looking to move from an apartment in Glendale, California to a home in Sherman Oaks or outside the state, mortgage interest rates are a crucial factor to consider. In this Redfin article, we’ll explore the basics of mortgage interest rates, how they influence your monthly payments and strategies for managing them.

Debt-to-income ratio 69

Debt-to-income ratio Fixed-rate mortgage Principal Loans 69