Marco Santarelli

APRIL 22, 2025

Refinance Rates Today Refinancing can provide several benefits, including lower monthly payments or the opportunity to access equity in your home. Adjustable-Rate Mortgages Understanding the distinction between fixed-rate and adjustable-rate mortgages is essential for prospective buyers.

Mortgages

Marco Santarelli

MARCH 31, 2025

This rate environment makes careful shopping and understanding your loan options even more critical. Fixed-rate mortgages (like the 15-year, 20-year, and 30-year options) keep the same interest rate for the entire loan term. Seeing the rates is one thing, but understanding what they mean for your wallet is crucial.

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).

Mortgages

Marco Santarelli

MARCH 17, 2025

The rate you personally qualify for can vary based on factors like your credit score, down payment amount, the type of property you're buying, and even where you live. The Popular 30-Year Fixed-Rate Mortgage The 30-year fixed-rate mortgage is still the most common choice for homebuyers, and for good reason.

Mortgages

Marco Santarelli

MARCH 27, 2025

Understanding How Mortgage Rates Function At its core, a mortgage interest rate is the cost you pay for the privilege of borrowing money from a lender. This cost is expressed as a percentage of the loan amount and can be structured in two primary ways: fixed-rate and adjustable-rate.

Mortgages

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. Important Note: These are illustrative examples.

Mortgages

Redfin

JULY 30, 2025

This way, you’ll have a chance to build equity. The longer you own your home, the more equity you’ll build, leading to greater financial return when you decide to sell your home. >> A shorter mortgage term will result in a higher monthly payment since you’ll be paying off the principal balance faster.

Pre-approval

Norada Real Estate

JULY 31, 2025

Here's how it works in your favor: Debt Devaluation:  As inflation rises, the real value of your fixed-rate mortgage decreases over time. Illustrative Example: Let's say you borrow $160,000 at today's rates. Over 30 years, you'll pay back around $400,000 in principal and interest. Points: Right Option?

Marco Santarelli

MARCH 30, 2025

This highlights the importance of checking current rates carefully when considering a refinance. Understanding Fixed-Rate Versus Adjustable-Rate Mortgages When navigating the world of mortgages, two primary types stand out: fixed-rate mortgages and adjustable-rate mortgages (ARMs).

Mortgages

Marco Santarelli

MARCH 8, 2025

If you've got your sights set on a $500,000 home, you're likely asking the big question: How much would a $500,000 mortgage cost per month in March 2025? Well, based on the latest data from early March 2025, you could be looking at a principal and interest payment of around $3,200 to $3,300 for a 30-year fixed-rate mortgage.

Mortgages

Marco Santarelli

MAY 22, 2025

Current Mortgage Rates Type Rate 30-year fixed 6.93% 20-year fixed 6.59% 15-year fixed 6.08% 5/1 ARM 7.58% 7/1 ARM 7.54% 30-year VA 6.42% 15-year VA 5.87% 5/1 VA 6.48% As the table illustrates, the 30-year fixed mortgage has gained 13 basis points today, reflecting the broader economic sentiments tied to the national deficit.

Mortgages

Marco Santarelli

JUNE 17, 2025

Exploring Other Mortgage Options In addition to fixed-rate loans, various mortgage options cater to different financial situations and risk profiles. Specific rates were not highlighted this week, but they often parallel FHA loan offerings.

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

MARCH 25, 2025

Fixed Mortgages vs. Variable Rents: This is a big one that often gets overlooked. When you buy a home with a fixed-rate mortgage , your principal and interest payment stays pretty much the same for the life of the loan. That equity can be a powerful tool for your future financial security.

Equity

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. You control your equity 100% from day one.

Finance

Norada Real Estate

MAY 22, 2025

Current Mortgage Rates Type Rate 30-year fixed 6.93% 20-year fixed 6.59% 15-year fixed 6.08% 5/1 ARM 7.58% 7/1 ARM 7.54% 30-year VA 6.42% 15-year VA 5.87% 5/1 VA 6.48% As the table illustrates, the 30-year fixed mortgage has gained 13 basis points today, reflecting the broader economic sentiments tied to the national deficit.

Mortgages

Marco Santarelli

JANUARY 23, 2025

Monthly Payment Calculation: With the current average rate, for every $100,000 borrowed, the monthly principal and interest payment stands at approximately $668.66. Current Rate: 6.36% Advantages: Borrowers generally pay less interest over the life of the loan, as the term is shorter. Future Trends: Will Rates Continue to Drop?

Mortgages

Norada Real Estate

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%.

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

APRIL 28, 2025

The primary advantage of a 30-year mortgage is that it allows borrowers to take on a larger loan amount without stretching their monthly budget too thinly. In addition, because the term is long, it provides borrowers time to adjust their finances, plan for expenses, and build equity at a steady pace.

Mortgages

Marco Santarelli

JUNE 17, 2025

Exploring Other Mortgage Options In addition to fixed-rate loans, various mortgage options cater to different financial situations and risk profiles. Specific rates were not highlighted this week, but they often parallel FHA loan offerings.

Mortgages

Marco Santarelli

MAY 22, 2025

If you're holding out for mortgage rates to return to those sweet 3% days, Ramsey suggests it's time to adjust your expectations. The Mortgage Bankers Association indicated that the average 30-year fixed-rate mortgage peaked at around 7.79% in late 2023 and has since settled somewhat, sitting around 6.89% at the start of 2025.

Marketing

Marco Santarelli

JULY 29, 2025

Detailed Overview of Mortgage Rates Today: July 29, 2025 Mortgage rates are closely tied to economic conditions, inflation expectations, and Federal Reserve monetary policy. Currently, the 30-year fixed-rate mortgage, the most common loan type for homebuyers, has edged slightly upward to 6.87%.

Mortgages

Marco Santarelli

JULY 29, 2025

Detailed Overview of Mortgage Rates Today: July 29, 2025 Mortgage rates are closely tied to economic conditions, inflation expectations, and Federal Reserve monetary policy. Currently, the 30-year fixed-rate mortgage, the most common loan type for homebuyers, has edged slightly upward to 6.87%.

Mortgages

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. homeowners.

Equity

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. We locked in rates probably 25% more during that same period,” said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “We We are definitely seeing an uptick in demand.

Mortgages

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Equity

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. homeowners.

Equity

Housing Wire

SEPTEMBER 16, 2022

UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage. Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest.

Mortgages

Keeping Current Matters

MAY 20, 2021

The level of equity homeowners have is at an all-time high. Census , over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Home Equity Report from ATTOM Data Solutions : “17.8 According to the U.S.

Equity

Housing Wire

APRIL 8, 2021

When you make a mortgage payment, part of that money goes toward the principal balance. The longer you live there and pay down the mortgage, the greater your stake in the property’s value. Should the property increase in value over time, then you, in turn, will have built up more equity.

Fixed-rate mortgage

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. In the most recent Freddie Mac PMMS Mortgage Survey, which tracks purchase mortgage rates, the 30-year fixed-rate mortgage last week averaged 5.23% while the 5-year ARM averaged 4.12%. “It’s

Fixed-rate mortgage

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.”

Development

Keeping Current Matters

MAY 27, 2021

A mortgage payment is forced savings ; it goes toward building equity you will likely get back when you sell your home. Your mortgage payment remains relatively the same over time. For the homeowner with a fixed-rate mortgage, monthly payments increase only if property taxes and property insurance costs increase.

Fixed-rate mortgage

Housing Wire

DECEMBER 29, 2023

“It finally seems like we are turning a corner and that’s good news after two years of the Fed’s negative perspective that we’ve heard,” Max Slyusarchuk, CEO of A&D Mortgage , said in an interview. Jon Overfelt, director of sales and principal at American Security Mortgage Corp.

Mortgages

Housing Wire

MARCH 20, 2023

Rate hikes have rocked the housing and mortgage markets What the data does clearly show is that rate hikes over the last 12 months have already rocked the housing and mortgage markets. In 2021, mortgage originations hit a record high of $4.4 trillion, and will fall to $1.87 trillion in 2023.

Banks

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