Housing Wire

JULY 26, 2023

Raising interest rates is designed to tackle those still-high prices outside of the volatile food and energy sectors. Ahead of the Fed meeting, mortgage applications fell last week, recording the lowest index of purchase applications in over a month. However, at Mortgage News Daily , mortgage rates were higher, at 7.04%.

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Fixed-rate mortgage Investor Mortgages Banks 370

Marco Santarelli

DECEMBER 20, 2024

With a better financial profile, you might qualify for a loan with a shorter term, helping you build equity faster and own your home sooner. Adjustable-Rate Mortgage (ARM) concerns : If you have an ARM, the interest rate can change over time, potentially increasing your monthly payments.

Mortgages 92

Mortgages Fixed-rate mortgage Loans Principal 92

Marco Santarelli

DECEMBER 22, 2024

Mortgage refinance rates hold significant importance for homeowners who aim to lower their monthly payments or leverage their home equity for new financial opportunities. As of December 22, 2024, the average 30-year fixed refinance rate stands at 6.71% , down just 1 basis point from the previous day.

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Mortgages Fixed-rate mortgage Equity Loans 52

Marco Santarelli

JANUARY 25, 2025

For those of us already owning homes, this means you probably have some decent equity built up that you might be able to tap into or use to lower your monthly payments by refinancing. 30-year fixed (6.75%): If your main goal is to have consistent payments that wont change, this is a pretty safe bet. Its a gamble but can pay off.

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Mortgages VA loan Fixed-rate mortgage Equity 69

HomeLight

AUGUST 26, 2020

Lower mortgage rates and lower payments are excellent reasons to refinance, but there are other reasons someone might want to consider refinancing. Converting an adjustable-rate mortgage to a fixed-rate mortgage. Use the equity in your home. Pay off your mortgage faster.

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Fixed-rate mortgage Equity Loans VA loan 144

Norada Real Estate

JUNE 7, 2025

Understanding Where Mortgage Rates Stand in June 2025 As we look at the mortgage market in early June 2025, the numbers tell an interesting story. According to sources like Freddie Mac , the average interest rate for a 30-year fixed-rate mortgage is hovering around 6.85% to 6.97%.

Mortgages 52

Mortgages Closing costs Fixed-rate mortgage Loans 52

Marco Santarelli

DECEMBER 29, 2024

Generally, a down payment of 20% or more can help you avoid private mortgage insurance (PMI), further saving you money in the long term. Loan Amount: The size of the mortgage and how it compares to the property's value can also impact your rate. Contact us today to expand your real estate portfolio with confidence.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Closing costs 52

Marco Santarelli

MAY 14, 2025

The Types of Mortgages Available When it comes to mortgages, there are various options that can cater to different financial situations and goals. Two popular types of fixed-rate mortgages include: 30-Year Fixed : This is the most common mortgage type.

Mortgages 52

Mortgages VA loan FHA loan Fixed-rate mortgage 52

Norada Real Estate

JUNE 7, 2025

When bond prices rise, yields fall, leading to lower mortgage rates and vice versa. In recent weeks, as jobs reports have come in strong, investors shifted capital towards equities, pushing bond prices down and yields up. This upward trend in yields has contributed to the rise in mortgage rates.

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Mortgages VA loan FHA loan Loans 59

Marco Santarelli

DECEMBER 21, 2024

Analysis of Mortgage Types Understanding the different types of mortgages available is crucial as they have varied implications on your financial future. 30-Year Fixed Mortgages The 30-year fixed-rate mortgage remains the most popular choice among homebuyers.

Mortgages 52

Mortgages VA loan Loans FHA loan 52

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 52

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

Realtor.com

APRIL 26, 2021

Mortgage refinancing is where you apply for a new loan on a home you already have. People refinance for many reasons—namely to save money or tap in to their home equity—but whether this decision is in your interests depends on your own personal circumstances. Your current mortgage interest rate isn’t great.

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Mortgages Fixed-rate mortgage Loans Equity 109

HomeLight

APRIL 18, 2022

The rate of return on a housing investment significantly increases the longer it’s held as your equity grows and your home appreciates in value over time. Resist refinancing for the wrong reasons: Just because you can tap into your home’s equity, that doesn’t mean you should. But paying a mortgage does help you save.

Equity 128

Equity Mortgages Fixed-rate mortgage Design 128

Redfin

AUGUST 12, 2024

Because they meet federal guidelines, conforming loans typically offer lower interest rates due to reduced lender risk and are easier to qualify for compared to non-conforming loans. Jumbo loans / non-conforming loans Non-conforming mortgage loans, commonly known as jumbo loans, exceed the loan limits set for conforming mortgages.

Loans 74

Loans Mortgages Pre-approval Fixed-rate mortgage 74

Marco Santarelli

NOVEMBER 14, 2024

Mortgage Rates: A Look at Stability The direction of mortgage rates significantly impacts the housing market. Over the past year, the average 30-year fixed-rate mortgage has fluctuated between 6.08% and 7.44% according to Freddie Mac.

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Marketing Fixed-rate mortgage Mortgages Equity 105

Marco Santarelli

MAY 13, 2024

The introduction of mortgage products specifically designed for first-time buyers, such as down payment assistance programs or shared equity models, could help bridge the affordability gap. Financial Innovation for Affordability The financial sector could also play a role in making homeownership more attainable.

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Fixed-rate mortgage Development Technology Construction 105

Redfin

APRIL 11, 2025

In the past, many homeowners stayed in their starter homes for around three to seven years building equity. However, its now common to see homeowners stay put longer to avoid rising home prices and potentially higher interest rates. When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord.

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Marketing Land Equity Loans 35

HomeLight

JUNE 22, 2023

To qualify for a USDA loan, lenders typically require borrowers to have a 640 credit score , but the USDA itself doesn’t designate a minimum credit score. The VA doesn’t have a designated minimum credit score but the average lender will require, at minimum, 620 credit score. Q: What is a mortgage rate , and how does it affect my loan?

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

Marco Santarelli

DECEMBER 17, 2024

Refinancing your mortgage basically means taking out a new loan to replace your old one. This can be a game-changer if you're looking to lower your monthly payments, shorten your loan term, or even tap into some of the equity you've built up in your home. This can lead to more favorable refinance terms.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Equity 52

Marco Santarelli

APRIL 27, 2025

Plus, you avoid appraisal fees, loan origination fees, and other costs tied to getting a mortgage. Less Stress, More Control: Owning a home outright means you have no mortgage lender dictating terms or demanding escrow accounts. You control your equity 100% from day one. While this was down from 7.1%

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Finance Loans Inspection Closing 52

Toronto Realty Blog

SEPTEMBER 8, 2022

Many people who have only ever been on a fixed-rate mortgage don’t even know what a “trigger rate is.” The math simply won’t allow for the consumer to maintain the same fixed monthly payment, with the same amortization, if rates increase that much, that quickly.

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Marketing Fixed-rate mortgage Banks Principal 111

Marco Santarelli

DECEMBER 16, 2024

Today's Mortgage Rates Drop to 6.73% Ahead of Key Fed Meeting – December 16, 2024 Key Takeaways Mortgage rates are trending down for all major loan types ( Bankrate ). 30-year fixed-rate mortgage: 6.73% , down from last weeks 6.79% (-6 basis points).

Mortgages 52

Mortgages Fixed-rate mortgage Finance Loans 52

Marco Santarelli

DECEMBER 19, 2024

Essentially, this rate is a fee for borrowing money from a lender, expressed as a percentage of the loan amount. There are two primary types of mortgage rates that borrowers need to be aware of: Fixed-rate mortgages : These lock in the interest rate for the duration of the loan.

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Mortgages Fixed-rate mortgage Loans Finance 52

Realty Biz

SEPTEMBER 30, 2023

Mortgage insurance: If your credit score is low, lenders may require you to pay for private mortgage insurance (PMI) to protect their investment in case of default. Longer time to build equity: With a higher interest rate and potentially larger down payment, it may take longer for you to build equity in your home.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Redfin

JULY 11, 2023

Whether you’re a first-time homebuyer in Los Angeles or you’re considering refinancing your home in Tampa , this guide is tailored to equip you with the knowledge and understanding necessary to navigate the mortgage process effectively. What is a mortgage? What are the different types of mortgages?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Marco Santarelli

APRIL 26, 2023

Conversely, when inflation is low, interest rates may be low as well to encourage borrowing and stimulate the economy. Current Interest Rate Environment for Homebuyers and Sellers While the Federal Reserve’s (Fed) interest rate hikes that began in March 2022 are designed to slow the broader economy, few segments of the U.S.

Marketing 52

Marketing Debt-to-income ratio Fixed-rate mortgage Banks 52

HomeLight

NOVEMBER 29, 2021

Designed to help homebuyers buy a home in the rural areas of New Jersey, the USDA home loan program , like FHA loans, is issued by local lenders but backed by the USDA. Loans come with low interest rates and low or no down payment. YourFirst Mortgage. United States Department of Agriculture (USDA) home loans.

Land 110

Land Closing costs Purchase and sale agreement Loans 110

Redfin

JULY 10, 2023

Buying gives you the opportunity to create equity you can use later, to move up, to make updates, or just to create wealth. Stable monthly payments Buying a home with a fixed-rate mortgage means that your monthly mortgage payments stay the same over the duration of your mortgage.

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New Construction Equity Purchase and sale agreement Closing costs 59

Marco Santarelli

JUNE 5, 2025

Fixed-rate mortgages allow borrowers to lock in their interest rates for the loan's duration, ensuring predictability in monthly payments. The attractiveness of these loans becomes evident when compared to the inconsistencies of adjustable-rate mortgages (ARMs).

Mortgages 52

Mortgages VA loan Debt-to-income ratio FHA loan 52

Real Estate Finance HQ

AUGUST 25, 2017

FHA lending guidelines are different from those of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) simply because they’re designed specifically to help low-income prospective home buyers. Mortgage Insurance Premiums. Fixed Rate Mortgages.

FHA loan 40

FHA loan Debt-to-income ratio Inspection Loans 40

The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. Got Clients With Interest Rate Questions? Fixed-rate mortgage.

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Purchase and sale agreement Title Pre-approval Proof of funds 98

Marco Santarelli

APRIL 8, 2025

Today's mortgage rates, as of April 8, 2025 , show an average of approximately 6.50% for a 30-year fixed-rate mortgage. This figure reflects a slight decrease in rates following recent political news but remains susceptible to fluctuations due to inflationary pressures. What Influences Mortgage Rates?

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Mortgages Fixed-rate mortgage VA loan FHA loan 59