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

Marco Santarelli

DECEMBER 22, 2024

Comparing Different Mortgage Products The mortgage market is diverse, ranging from fixed-rate loans to adjustable-rate mortgages (ARMs). Heres a closer look at these options: Fixed-Rate Mortgages : These loans offer stable monthly payments and are often the go-to option for many homeowners.

Mortgages

Marco Santarelli

DECEMBER 27, 2024

For 15-year fixed-rate mortgages , the average now stands at 6% , which is an increase from 5.92% just days prior. It's noteworthy that a year ago, the 30-year fixed-rate mortgage averaged 6.61% , indicating a slight uptick compared to last year.

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 26, 2024

To grasp the concept of mortgage rates, it's important to note that these rates represent a fee for borrowing money, expressed as a percentage. There are mainly two types of mortgage rates: Type Description Fixed-Rate Mortgages A fixed-rate mortgage maintains the same interest rate for the entire loan duration.

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). Being fully informed about the options available can help you choose the best fit for your financial situation.

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 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

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 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? You’ve been renting or living with family. Am I ready to purchase a home?

Pre-approval

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

Redfin

JULY 31, 2025

Along with the expertise you’ll receive, some programs or lenders may offer incentives for completing courses such as lower interest rates and down payment assistance. Build an emergency fund An emergency fund is a cash reserve designated for emergencies and other uncommon expenses. These require just 3.5%

Purchase and sale agreement

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.

Marketing

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

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

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

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

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

APRIL 27, 2025

High Mortgage Rates Are the Big Story: As of mid-April 2025, the average 30-year fixed-rate mortgage was hovering around 6.83% , according to Freddie Mac data mentioned in the report. a year prior, it's still historically high compared to the ultra-low rates we saw a few years ago.

Finance

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

JUNE 25, 2025

There are typically two types of caps: Periodic Cap: Limits how much the rate can increase in a single adjustment period. Lifetime Cap: Limits how much the rate can increase over the entire loan term. These caps are designed to protect borrowers from excessively high-rate increases. Why the Increase in 5-Year ARM Rates?

Fixed-rate mortgage

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

AUGUST 5, 2025

Mortgage Rates: The average 30-year fixed-rate mortgage is hovering around 6.75% (as of July 17), slightly up from the previous week but down from a year ago. Invest in Turnkey Rental Properties Discover high-quality, ready-to-rent properties designed to deliver consistent returns.

Marketing

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

Marco Santarelli

JULY 23, 2025

Mortgage Rates Remain Elevated : Those seemingly ever-present high mortgage rates are definitely playing a huge role. Freddie Mac reported that the average 30-year fixed-rate mortgage was 6.75% as of July 17th. Discover high-quality, ready-to-rent properties designed to deliver consistent returns.

Sales

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

JULY 15, 2021

Freddie Mac now forecasts total mortgage originations in 2021 to check in at $3.9 The average 30-year fixed-rate mortgage is expected to be 3.1% We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion. trillion in 2021, up from its forecast in April of $3.5

Fixed-rate mortgage

Housing Wire

DECEMBER 9, 2020

House X negotiates the home purchase contract and enables its customers to make more informed decisions through its proprietary House X Report and offers incentives including a 1% discounted mortgage for the first 12 months of “a special 30-year fixed-rate mortgage.”

Fixed-rate mortgage

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 22, 2022

The agency pays monthly premiums in exchange for insurance coverage on a portion of the designated reference loan pools. CIRT 2022-7 involves a covered loan pool composed of 64,000 single-family mortgages with a total unpaid principal balance of about $19.8

Fixed-rate mortgage

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.

Development