Redfin

JULY 31, 2025

They cover topics like budgeting, building credit, mortgage options, house hunting, and closing. If you’re unsure where to start, check with HUD-approved counseling agencies, non-profit organizations, and local housing authorities to find available courses. ARMs can help you save early on, but carry the risk of rate increases.

Purchase and sale agreement

Marco Santarelli

MARCH 20, 2025

30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible. 30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible.

Mortgages

Redfin

JULY 30, 2025

Potential tax benefits: You might qualify for mortgage interest deductions or first-time homebuyer tax credits, which can lower your taxable income. Opportunity to build equity and long-term wealth: Owning a home allows you to build equity over time, turning monthly payments into a long-term investment.

Debt-to-income ratio

Marco Santarelli

MAY 4, 2025

What the Experts Are Saying About 2025 According to recent data (as of May 1, 2025) from Freddie Mac , 30-year fixed-rate mortgages are hovering around 6.83% while the 15-year fixed-rate mortgages are around 5.92%. This is more than double the sub-3% rates seen during the pandemic.

Mortgages

Marco Santarelli

APRIL 3, 2025

With this in mind, lets explore current rates, what they mean for you, and the broader economic context shaping these changes. Today's Mortgage Rates April 3, 2025: Rates Go Down After Tariff News Key Takeaways Current Mortgage Rate: Approximately 6.40% for a 30-year fixed-rate mortgage.

Mortgages

Marco Santarelli

JULY 31, 2025

Here's a bit of historical context to give you a better perspective: The Long-Term Average: Since 1971, the average interest rate for a traditional 30-year fixed mortgage has hovered around 7.74%. Cash Flow: Strong rental income ensures positive cash flow, regardless of mortgage rate fluctuations.

Mortgages

The Mortgage Report

JUNE 12, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Most recently, The average 30-year fixed rate mortgage reached 6.85% on June 5.

FHA 203k rehab loan

The Mortgage Report

JULY 22, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Most recently, The average 30-year fixed rate mortgage reached 6.75% on July 17.

FHA 203k rehab loan

The Mortgage Report

JUNE 18, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? However, mortgage rate movements varied in the immediate aftermath of the most recent Fed decisions.

FHA 203k rehab loan

The Mortgage Report

JULY 30, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? However, mortgage rate movements varied in the immediate aftermath of the most recent Fed decisions.

FHA 203k rehab loan

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. His tangible net worth ratio (a proxy of how much equity you have relative to your total assets) is just under 30%.

Loan Officer

Housing Wire

JUNE 6, 2024

The government-sponsored enterprise (GSE) also thinks the Federal Housing Finance Agency ( FHFA ) will encourage it to offer single-family, closed-end second mortgages if a Freddie Mac product under analysis is approved. We’re telling people that this is a new regime; it’s going to be a higher interest rate regime.

Mortgages

HomeLight

DECEMBER 27, 2023

Here, we explore five areas you can cover with a mortgage lender before putting your home on the market that will protect your best interests as a seller and give you a clear view of your current financial picture so you don’t regret the day you sold your house. Even with a fixed-rate mortgage, your total monthly payment can change.

Pre-approval

Lighter Side of Real Estate

OCTOBER 18, 2023

Agents believe so strongly in owning a home because it provides many benefits, such as: Building equity: When you own a home, you are gradually building equity as you pay down your mortgage. Your agent can connect you to lenders who can pre-approve you for a mortgage so you can determine how much you can afford to spend.

Pre-approval

Realty Biz

AUGUST 12, 2023

Fixed-Rate Mortgage : A mortgage in which the interest rate remains the same for the entire term of the loan. Adjustable-Rate Mortgage (ARM) : A mortgage in which the interest rate can change periodically based on changes in a corresponding financial index.

Purchase and sale agreement

Marco Santarelli

MARCH 3, 2025

It is also important to know about geopolitical events, which might indirectly influence mortgage rates. Understanding Different Types of Mortgage Rates Let's break down the different types of mortgage rates you'll encounter: Fixed-Rate Mortgage: This is the most common type.

Mortgages

Marco Santarelli

SEPTEMBER 22, 2023

When home prices rise rapidly, it can lead to a number of negative consequences, including: A decline in consumer spending : Homeowners who are seeing the value of their homes increase may be more likely to borrow money against their home equity. Choose a fixed-rate mortgage : A fixed-rate mortgage will protect you from rising interest rates.

Pre-approval

Realty Biz

MARCH 30, 2023

There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. To get the best rate for your situation, be sure to look closely at each type of mortgage.

Mortgages

Redfin

DECEMBER 15, 2023

In 2020, interest rates took a sharp dive as the Federal Reserve sought to stave off economic collapse amid the pandemic. The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%.

Fixed-rate mortgage

Redfin

JULY 16, 2024

Navigating the mortgage loan process can be daunting, but breaking it down into manageable steps can help. This guide will walk you through each phase of the mortgage loan process, from pre-approval to post-closing, with examples to illustrate key points. Compare it with your pre-approval letter for consistency.

Loans

Toronto Realty Blog

JUNE 20, 2022

He got his ducks in a row early in the year and had a mortgage pre-approval with a 5-year, fixed rate of 2.79%. In the meantime, his mortgage pre-approval expired! With the massive increase in interest rates, he is now looking at a five-year, fixed-rate mortgage of 5.19%.

Principal

Redfin

AUGUST 12, 2024

A lower DTI indicates better financial health and increases your chances of loan approval. Down payment The size of your down payment affects your mortgage terms in several ways. 15-year term : A 15-year mortgage term typically comes with higher monthly payments but significantly lower interest costs over the life of the loan.

Loans

Realty Biz

SEPTEMBER 30, 2023

Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval.

Finance

Redfin

JULY 11, 2023

The interest rate and term length determine the amount of your monthly payments. What are the different types of mortgages? When considering mortgage options, it’s important to understand the different types available. Once the borrower’s equity reaches 20%, PMI can be canceled.

Pre-approval

Marco Santarelli

AUGUST 9, 2024

One of the most promising indicators is the rapid decline in mortgage rates. According to Freddie Mac, rates on 30-year fixed-rate mortgages plummeted below 6.5% Interest Rate Fluctuations: While mortgage rates have been trending downwards, it's crucial to remember that they can fluctuate.

Mortgages

Redfin

FEBRUARY 10, 2023

Building equity Home equity is how much of your home that you actually own. For example, if a homeowner has a mortgage balance of $200,000 on a property worth $300,000, their home equity would be $100,000. So, as you pay off your mortgage , you’ll also build equity.

Equity

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.

New Construction

Redfin

JUNE 1, 2022

Mortgage rates are central to the economy; they react to and influence inflation rates. Mortgage interest rates are also critical in determining mortgage and housing affordability. Be pre-approved and have all required documentation ready to go.

Mortgages

Marco Santarelli

JULY 23, 2022

Mortgage approval rates today are lower than they were in the pre-crisis era, which suggests that borrowers are less likely to default on their loans. Reduced mortgage rates and consequently lower house costs can bring properties that were previously out of reach within reach. The shaded areas represent U.S.

Mortgages

Toronto Realty Blog

MAY 26, 2022

Now, consider that the overnight lending rate only has a direct impact on the variable rate mortgage, whereas the fixed-rates are affected by the bond market. But an increasing interest-rate environment is going to lead to higher fixed-rate mortgages over time. Sure, in theory.

Fixed-rate mortgage

Marco Santarelli

AUGUST 16, 2024

Understanding the Current Market: The Federal Reserve has been steadily raising interest rates to combat inflation, which has impacted mortgage rates. A year ago, in August 2023, the average 30-year fixed-rate mortgage was around 7.58%. Strategies to Afford a Home in a High Interest Rate Environment: 1.

Pre-approval

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. If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Fixed-rate mortgage.

Purchase and sale agreement

Marco Santarelli

JANUARY 31, 2025

The Numbers Don't Lie, But They Can Be Tricky According to Freddie Mac's most recent Primary Mortgage Market Survey, released on January 30th, 2025, the average rate for a 30-year fixed-rate mortgage is now at 6.95%. Get pre-approved, explore your options, and be flexible on what you're looking for.

Closing

Marco Santarelli

FEBRUARY 22, 2025

Here's What Today's Rates Mean for You Refinancing can be a smart move for homeowners looking to lower their monthly payments, shorten their loan term, or even tap into their home equity. So, what do today's rates mean if you're thinking about refinancing? Plus, you build equity much faster.

Mortgages