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. A shorter mortgage term will result in a higher monthly payment since you’ll be paying off the principal balance faster. You’ve been renting or living with family.

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

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

FEBRUARY 16, 2025

Monthly Payment on $150K Mortgage For a $150,000 mortgage: 30-Year Fixed (6.53%) : Approximately $950.99 per month (Principal & Interest) 15-Year Fixed (5.87%) : Approximately $1,296.19 per month (Principal & Interest) 15-Year Fixed (5.87%) : Approximately $1,728.25

FHA loan

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. Property Taxes $256.67

Mortgages

Marco Santarelli

APRIL 27, 2025

Skip the Mortgage Hassle (and Cost): No loan applications, no mountains of paperwork, no qualifying, and no monthly principal and interest payments stretching out for decades. Plus, you avoid appraisal fees, loan origination fees, and other costs tied to getting a mortgage. This is your chance to potentially snag a better deal.

Finance

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%. 15-Year Fixed Mortgage: The 15-year fixed mortgage shows stability at 5.90%.

Mortgages

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

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

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. The agency pays monthly premiums in exchange for insurance coverage on a portion of the designated reference loan pools.

Fixed-rate mortgage

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. When you refinance at a lower mortgage rate, your monthly payments could go down.

Fixed-rate mortgage

Realtor.com

APRIL 26, 2021

The relief program is designed to help people who are underwater by offering more affordable mortgages with lower monthly payments. The main drawback is that refinancing won’t reduce your principal balance, and you must typically have equity in your home to be approved.

Mortgages

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.” Consider that with every mortgage, there’s a portion of the payment that is applied to principal repayment and a portion that is applied to interest.

Marketing

Redfin

AUGUST 12, 2024

Your monthly mortgage payment generally consists of four components: Principal : The amount of money you borrow to buy the home. Interest : The cost of borrowing the money, calculated as a percentage of the principal. Insurance : Homeowner’s insurance and, if applicable, private mortgage insurance (PMI).

Loans

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’s included in my monthly mortgage payment?

Debt-to-income ratio

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

Marco Santarelli

MAY 29, 2025

A Word of Caution About “Teaser Rates” You've probably seen those unbelievably low mortgage rates advertised online. These are often “teaser rates” designed to grab your attention. The rate you actually qualify for will depend on your unique financial situation. Be careful!

Mortgages

Marco Santarelli

SEPTEMBER 13, 2024

Understanding Mortgage Interest Rates A mortgage interest rate is essentially the charge you pay to borrow money to buy a home. Types of Mortgages Fixed-Rate Mortgage : This type keeps a constant interest rate throughout the life of the loan.

Mortgages

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? How does a mortgage work?

Pre-approval

Marco Santarelli

DECEMBER 20, 2024

Heres a quick breakdown of how that calculation looks: Table 3: Mortgage Calculation Example Calculation Component Amount Loan Amount $350,000 Interest Rate (APR) 6.7% Over the life of the loan, you'd pay around $466,880 in interest alone, showing how significantly interest rates affect long-term financial outcomes.

Mortgages

HomeLight

NOVEMBER 29, 2021

First-time homebuyers can apply for a forgivable loan of up to $15,000 to assist with closing costs and down payment or principal reduction. 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.

Land

Realtor.com

DECEMBER 27, 2022

Sometimes described as “horizontal apartments,” build-to-rent communities are designed and developed with the sole intent of renting out the homes. Over the past few decades, 3% of single-family starts were developed as rentals. “It’s more expensive than ever to own a home, ” says Bachman.

Fixed-rate mortgage

The Close

DECEMBER 29, 2022

How else would you and your clients understand how much is being paid in principal and interest over the years? Annual percentage rate (APR). Clients may be confused about the difference between an interest rate on their mortgage loan and an APR. Got Clients With Interest Rate Questions? Fixed-rate mortgage.

Purchase and sale agreement

Marco Santarelli

DECEMBER 15, 2024

The Inventory Shortage While lower mortgage rates could make housing more affordable, inventory remains a significant roadblock. Many homeowners locked in fixed-rate mortgages before 2022 with historically low rates of 34%. Contact us today to expand your real estate portfolio with confidence.

Mortgages