Marco Santarelli

DECEMBER 22, 2024

In this detailed exploration, we will delve into what these rates mean, trends and factors influencing them, and how you can decide whether refinancing is the right choice for your financial situation. A robust economy can lead to higher interest rates, as lenders anticipate increased demand for loans. Is Refinancing Worth It?

Mortgages

Marco Santarelli

DECEMBER 21, 2024

This increased competition often drives prices up and can indirectly influence mortgage rates as lenders adjust to the heightened risk associated with higher-priced loans. Analysis of Mortgage Types Understanding the different types of mortgages available is crucial as they have varied implications on your financial future.

Mortgages

Marco Santarelli

MARCH 4, 2025

Today's Mortgage Rates March 4, 2025: Rates Have Dropped Sharply Navigating the world of mortgages can feel like deciphering a complex code. There are so many different types of loans, lenders, and economic factors that play a role. Let's break down exactly what the mortgage rates look like right now.

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

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

Mortgage rates on May 14, 2025, are currently experiencing instability with variations in rates across different loan types. The average rate for a 30-year fixed mortgage stands at 6.84% , showing a slight increase, while the 15-year fixed mortgage has decreased marginally to 6.06%.

Mortgages

Marco Santarelli

MARCH 11, 2025

Understanding these rates can help you make informed decisions in your home buying journey. 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.

Fixed-rate mortgage

Marco Santarelli

DECEMBER 28, 2024

They influence your monthly payments and the overall cost of your loan. As we move through December 2024, the national mortgage average shows a mix of options depending on the loan term and type. As we move through December 2024, the national mortgage average shows a mix of options depending on the loan term and type.

VA loan

Marco Santarelli

JANUARY 21, 2025

Today's mortgage rates on January 21, 2025, have witnessed a modest increase across various loan types, providing crucial insights for potential buyers and current homeowners. Specifically, the average rates for 30-year fixed, 15-year fixed, and adjustable-rate mortgages have risen.

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. While it’s beneficial to have a great credit score, there are loans that cater to buyers with lower ones. Several loan options, such as FHA or VA loans, only require a down payment of 3.5%

Pre-approval

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

JANUARY 25, 2025

Today's Refinance Rates at a Glance Alright, lets get straight to the good stuff the actual rates. VA Loan Advantages: If youre a veteran or on active duty, you should definitely pay attention to this. VA loans are government-backed and tend to have some seriously attractive rates. Its a gamble but can pay off.

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. Build an emergency fund An emergency fund is a cash reserve designated for emergencies and other uncommon expenses.

Purchase and sale agreement

Marco Santarelli

JULY 27, 2025

The 30-year fixed mortgage rate, which is the most common type of mortgage loan for home purchases, remains unchanged at 6.88%. This stability provides a predictable borrowing environment for buyers locking in long-term loans. 20-Year Fixed 6.41 -0.31 15-Year Fixed 5.93 +0.01 7.36 +0.02

Mortgages

Redfin

JULY 31, 2025

Lean on trusted experts: A great real estate agent, lender, and the right loan choice are key. Don’t ignore your credit history Your credit history impacts mortgage eligibility and the interest rate you’ll receive. What to do instead: Before applying for a mortgage, review your credit report.

VA loan

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. Is it still possible to buy a starter home?

Marketing

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

Norada Real Estate

JUNE 7, 2025

They can have a significant impact on monthly payments, overall loan costs, and the housing market's vibrancy. Understanding the context behind these rates can help you make more informed decisions. This rate currently stands at 6.83%. FHA and VA loans are prominent in this category.

Mortgages

Marco Santarelli

APRIL 24, 2025

States With the Lowest Mortgage Rates Today – April 24, 2025 Why Mortgage Rates Matter – More Than Just a Number I know, I know, mortgage rates might seem like just another boring number. In simple terms, lower rates mean more money in your pocket! Loan Type: Different loan types (e.g.,

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

More competition usually means better rates for you! Credit Scores: The average credit score within a state can influence rates. States with higher average credit scores might see slightly lower rates overall. Average Loan Size: This one is pretty straightforward. Rates hit a two-year low of 5.89%.

Mortgages

Marco Santarelli

APRIL 27, 2025

Now, imagine you have the resources to just walk in, pick your spot, and pay for it right there and then, without needing a loan. The financed offer comes with contingencies (like getting the loan approved, the house appraising high enough). Cash Buyer: No loan needed, appraisal often optional (though still wise!),

Finance

Marco Santarelli

FEBRUARY 16, 2025

Todays Mortgage Rates February 16, 2025: Rates Hold Steady Key Takeaways Current Average Rates : 30-Year Fixed : 6.53% 15-Year Fixed : 5.87% Adjustable Rates : Competitive 5/1 and 7/1 ARMs at 6.45% and 6.40%. per month (Principal & Interest) 15-Year Fixed (5.87%) : Approximately $1,296.19

FHA loan

Marco Santarelli

JUNE 25, 2025

Understanding the nuances of ARMs can save you money and help you make a smarter financial decision when choosing a mortgage. Understanding Adjustable Rate Mortgages (ARMs) What is an ARM? An Adjustable Rate Mortgage (ARM) is a type of home loan where the interest rate is not fixed for the entire loan term.

Fixed-rate mortgage

Marco Santarelli

JULY 31, 2025

Adjustable-rate mortgages (ARMs) may respond more quickly to Federal Reserve rate changes. Overview of Today's Mortgage Rates Mortgage rates have been relatively stable this week with minor decreases noted in key loan types. 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

NOVEMBER 1, 2023

Rates for a 30-year, fixed-rate mortgage are the highest in over 20 years and may stay elevated for some time. In many cases, that product may still be a fixed-rate mortgage. But for some borrowers, a less traditional loan type could make the most financial sense.

Loans

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.” At Mortgage News Daily , it was at 7.50%. million in 2022.

Debt-to-income ratio

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. This insurance protects lenders against losses.

Industrial

Housing Wire

JULY 22, 2022

The two transactions convey a combined $1 billion in mortgage credit risk to private insurers and re-insurers as part of the agency’s ongoing effort to share risk with the private sector. The agency pays monthly premiums in exchange for insurance coverage on a portion of the designated reference loan pools. billion loan pool.

Fixed-rate mortgage

Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

VA loan

Housing Wire

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. billion loan pool. If that $106.3 “Since inception to date, Fannie Mae has acquired approximately $19.9

Fixed-rate mortgage

Housing Wire

JULY 19, 2024

The new term sheet details several differences from the current HMBS program, including a reduction in the HMBS pool size to 95% of the loan’s total unpaid principal balance (UPB). Wong has also looked with interest at the addition of forward mortgage players expanding their product suites to include reverse mortgages, he said. “As

Development

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. They do this to reduce their risk and to free up their capital to process more loans. Fixed-rate mortgages provide stability and predictability.

Closing

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. This seems ludicrous.

Marketing

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

Point2Homes

AUGUST 26, 2021

In this guide, we’ll take a quick look at the different types of mortgage loans available. Conventional Loans. A conventional loan is any mortgage loan that is not guaranteed or insured by a government entity. Conventional loans are provided through private lenders, banks or credit unions.

Loans