Marco Santarelli

DECEMBER 22, 2024

However, this reflects a notable 29 basis point increase compared to last week when rates were at 6.42% ( Zillow ). Understanding these rates and how they can impact your financial decisions is crucial as you navigate your home financing options. They might differ from initial mortgage rates for purchases.

Mortgages

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. Mortgage FAQ What influences current mortgage rates?

Mortgages

Marco Santarelli

JANUARY 1, 2025

Understanding Mortgage Rates Mortgage rates are the interest rates that lenders charge on home loans. These rates can be classified as fixed-rate or adjustable-rate (ARM). Understanding how today's rates translate into real costs is vital for anyone looking to secure financing.

Mortgages

Marco Santarelli

DECEMBER 26, 2024

If you're considering buying a new home or refinancing your current mortgage, understanding today's mortgage rates is crucial. The cost of borrowing can significantly impact your finances, and staying informed helps you make better decisions. – Higher interest rates lead to more paid interest over time.

Mortgages

Marco Santarelli

DECEMBER 27, 2024

A basis point is essentially one-hundredth of a percentage point, making this increase a substantial leap for borrowers looking for stable financing options. For 15-year fixed-rate mortgages , the average now stands at 6% , which is an increase from 5.92% just days prior.

Mortgages

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

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

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

Marco Santarelli

MARCH 11, 2025

Exploring the Mortgage Options While traditional fixed-rate mortgages are often the go-to choice for many buyers, there are various mortgage products available to meet different financial needs. Federal Housing Administration (FHA) Loans : FHA loans are designed to assist low to moderate-income borrowers.

Fixed-rate mortgage

Marco Santarelli

DECEMBER 28, 2024

As we move through December 2024, the national mortgage average shows a mix of options depending on the loan term and type. Fixed-Rate Mortgages A fixed-rate mortgage has a constant interest rate and monthly payments that never change. This makes budgeting easier for homeowners.

VA loan

Marco Santarelli

MARCH 4, 2025

15-Year Fixed: You'll pay it off faster and pay significantly less interest over the life of the loan. Adjustable-Rate Mortgages (ARMs): These typically offer a lower initial interest rate than fixed-rate mortgages, but the rate can adjust periodically based on market conditions.

Mortgages

Redfin

JULY 31, 2025

Look into first-time homebuyer benefits Many programs are designed to make homeownership more accessible for first-time buyers by reducing upfront costs, lowering monthly payments, and helping with mortgage qualification. Check with your state’s housing finance agency for options. These require just 3.5%

Purchase and sale agreement

Redfin

JULY 30, 2025

You haven’t held a mortgage in three years. You’re buying in a designated redevelopment area, where certain programs have less strict rules. What’s the difference between a fixed-rate mortgage and adjustable-rate mortgage? Remember, a pre-approval isn’t the same as officially getting a mortgage.

Pre-approval

Marco Santarelli

JANUARY 21, 2025

For new borrowers, this means if you secure a mortgage at the current average rate, your monthly principal and interest payments will amount to approximately $672.71 However, the potential for future rate increases presents a risk that must be assessed carefully. per $100,000 borrowed.

Mortgages

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

Redfin

APRIL 11, 2025

When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord. Owning a home can also bring more financial stability , especially with a fixed-rate mortgage, as it offers predictable monthly payments, compared to rent, which can rise. Can I afford a starter home?

Marketing

Marco Santarelli

APRIL 27, 2025

For many, especially given the current market conditions centered around high borrowing costs, yes , buying a home with cash in 2025 presents a remarkably strong position, offering distinct advantages that financed buyers just can't touch, though like any big financial move, it requires careful consideration of your own situation.

Finance

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

Redfin

JULY 31, 2025

Common loan types include: Conventional Loan: Offers flexible down payment options as low as 3% with private mortgage insurance (PMI). down and designed for buyers with lower credit scores. They do include mortgage insurance for the entire loan term. These can help you save early on, but carry the risk of rate increases.

VA loan

Marco Santarelli

JANUARY 25, 2025

Refinance Opportunities by Loan Type Okay, let's break it down even further, looking at the different kinds of mortgages and the refinance options that might be attractive to you: Fixed-Rate Mortgages: These are the classic, stable, what you see is what you get kind of loans. Its a gamble but can pay off.

Mortgages

Marco Santarelli

JULY 27, 2025

How Federal Reserve Policy Influences Mortgage Rates The Federal Reserve's monetary policy remains the cornerstone shaping mortgage rate trends. After a period of aggressive rate hikes designed to curb inflation, the Fed began cutting rates in late 2024.

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

Marco Santarelli

JUNE 25, 2025

An Adjustable Rate Mortgage (ARM) is a type of home loan where the interest rate is not fixed for the entire loan term. Instead, it starts with an initial fixed-rate period, after which the interest rate can adjust periodically based on a benchmark index, like the Secured Overnight Financing Rate (SOFR) plus a margin.

Fixed-rate mortgage

Norada Real Estate

JUNE 7, 2025

As shown in the mortgage rates table, the 30-year fixed-rate loan currently sits at 7.04% , which is slightly higher than rates seen in the previous weeks. This rate currently stands at 6.83%. FHA and VA loans are prominent in this category.

Mortgages

Marco Santarelli

JULY 3, 2025

Looking to buy a home or refinance your mortgage? The mortgage rates today are a crucial piece of the puzzle. As of July 3, 2025, the national average for a 30-year fixed-rate mortgage is hovering around 6.79%. But did you know rates can vary quite a bit from state to state? Be careful!

Mortgages

Marco Santarelli

MAY 2, 2025

As of today: The national average for a 30-year fixed-rate mortgage for new purchases is around 6.88%. Rates jumped up in early April, hitting a high of 7.14% the highest since May 2024. Don't Fall For the “Teaser” Rates! It's been a bit of a rollercoaster recently.

Mortgages

Marco Santarelli

FEBRUARY 16, 2025

Mortgage Interest Rates Forecast for Next 10 Years Interest Rate Forecast for Next 10 Years: 2025-2035 Fixed vs. Adjustable Rate Mortgages Choosing between fixed-rate and adjustable-rate mortgages (ARMs) is an important decision for buyers.

FHA loan

Marco Santarelli

JULY 31, 2025

This rate is still higher compared to historical lows seen years ago but reflects current economic conditions influenced by inflation, treasury yields, and Fed policy. The 15-year fixed mortgage rate remains unchanged at 5.90%.

Mortgages

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.

Mortgages

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders.

Industrial

Housing Wire

JULY 19, 2024

This move is designed to “create an additional economic incentive to protect Ginnie Mae and taxpayers against a decline in collateral value,” Ginnie Mae explained when announcing the proposed term sheet. will potentially increase investment and liquidity into the reverse mortgage market,” he said. I do think [HMBS 2.0]

Development

Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. “These trends are likely to continue given further increases in interest rates in 2023.” Unfortunately, there’s been no sign of relief in 2023.

Debt-to-income ratio

Housing Wire

JUNE 13, 2022

CIRT 2022-6 involves a covered loan pool composed of 63,000 single-family mortgages with a total unpaid principal balance of about $19.3 Through the CIRT transaction, a portion of the credit risk on mortgages backed by Fannie Mae is shifted to insurers in the private sector. billion — based on a tally of the announced CIRT deals.

Fixed-rate mortgage

Housing Wire

OCTOBER 16, 2023

.” With that, Broeksmit rattled off a number of grievances against foes the Beltway. Mortgage rates On the day Broeksmit addressed the crowd in Philadelphia, mortgage rates were north of 7.7% on a standard 30-year fixed-rate mortgage.

Banks

Housing Wire

AUGUST 7, 2023

Without a strong secondary mortgage market supported by the federal government, lenders would be able to fund far fewer loans, and would likely flock to the most affluent areas in the country, leaving less-affluent markets with fewer options to finance a home. Fixed-rate mortgages provide stability and predictability.

Closing

Housing Wire

SEPTEMBER 20, 2023

range on Wednesday morning, according to interest rate traders. of these investors bet officials will freeze the rate hike at the November 1st meeting. On Monday, mortgage rates for 30-year fixed-rate mortgages were at 7.21%, according to HousingWire‘s Mortgage Rates Center.

Fixed-rate mortgage

Housing Wire

JANUARY 25, 2022

The Community Home Lenders Association (CHLA), which represents small and mid-sized IMBs, just sent a letter to the Federal Housing Finance Authority (FHFA) , asking for tweaks to FHFA’s recently announced fee hikes on second home and high balance Fannie Mae and Freddie Mac loans. CHLA strongly opposed the PSPA caps.

Marketing