Marco Santarelli

APRIL 30, 2025

Although this requires a stronger financial commitment upfront, the potential to save on total interest approximately $83,000 over the life of the loan compared to a 30-year fixed loan at the current rate makes this option very attractive. FHA loans require only a 3.5%

VA loan

Marco Santarelli

MAY 21, 2025

National Mortgage Rate Trends: A Broader Perspective Zooming out, let's look at the national mortgage rate averages. As of today, May 21, 2025: The average rate for a 30-year fixed-rate mortgage is 7.05%. FHA 30-Year Fixed averages 7.37%. 5/6 ARM loans are averaging 7.23%.

Mortgages

Marco Santarelli

JUNE 17, 2025

As of June 17, 2025, mortgage rates have remained stable, with the current average 30-year fixed mortgage rate at 6.93%. This rate shows no change from the previous week, indicating a period of stability in the housing finance market.

Mortgages

Marco Santarelli

APRIL 2, 2025

Let's look at the specifics for today's mortgage rates: Loan Type Rate 30-Year Fixed 6.50% 20-Year Fixed 6.18% 15-Year Fixed 5.86% 5/1 ARM 6.60% 7/1 ARM 6.38% 30-Year VA 6.06% 15-Year VA 5.62% 5/1 VA 6.07% 30-Year FHA 5.95% 5/1 FHA 5.69% As you can see, the benchmark 30-year fixed-rate mortgage is averaging 6.50% nationally.

Mortgages

Marco Santarelli

JUNE 30, 2025

PROGRAM RATE 1W CHANGE APR 1W CHANGE 30-Year Fixed Rate FHA 7.75% up 0.51% 8.79% up 0.51% 30-Year Fixed Rate VA 6.35% up 0.08% 6.57% up 0.09% 15-Year Fixed Rate FHA 5.56% down 0.71% 6.53% down 0.71% 15-Year Fixed Rate VA 5.70% down 0.08% 6.06% down 0.06% Looking at government loans, we see the 30-year fixed rate FHA increased.

Fixed-rate mortgage

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%. FHA Loans : These loans are originated by approved lenders and insured by the FHA.

FHA loan

Redfin

JULY 30, 2025

It’s important to note, however, that your credit score influences your interest rate and loan options. Here are the minimum credit scores needed to qualify for certain loans: Conventional loans: 620-660 Jumbo loans: 700 FHA loans: 500-580 VA loans: no requirement USDA loans: typically 620, but can be lower 8.

Pre-approval

Marco Santarelli

JUNE 6, 2025

Economic Impact on Rates : Market conditions and economic indicators continue to directly affect mortgage rates. Fixed-Rate Mortgages Understanding current rates is crucial for making informed financial decisions, whether you are purchasing a new home or refinancing an existing mortgage.

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

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. Can I afford a starter home?

Marketing

Norada Real Estate

JUNE 24, 2025

Given the lower current rates, buyers might want to consider locking in a rate while they can.

Mortgages

Marco Santarelli

MARCH 27, 2025

Refinance Rates: Generally similar to purchase rates, with the 30-year fixed refinance at 6.61% and the 15-year fixed refinance at 6.00%. VA Loans: Continue to offer potentially lower rates for eligible military-affiliated borrowers. The 30-year VA loan rate is at 6.14%.

Mortgages

Norada Real Estate

JULY 5, 2025

For example, lower down payment requirements and competitive interest rates make FHA loans appealing to many individuals entering the housing market. housing market is anticipated to experience several changes, primarily because of the stability in rates and the growing demand for housing.

VA loan

Redfin

JULY 30, 2025

These are key criteria lenders and programs use to determine if you’re eligible for financing and special perks like down payment assistance. In this Redfin article, we’ll be going over what counts as a first-time buyer, what qualifications you’ll typically need to meet, and how to get your finances in shape for your home purchase.

Debt-to-income ratio

Marco Santarelli

JULY 1, 2025

VA Loans: These loans are guaranteed by the Department of Veterans Affairs and are available to eligible veterans, active-duty military personnel, and surviving spouses. This is a tough decision as monthly commitments drastically change.

Mortgages

Marco Santarelli

MARCH 31, 2025

This rate environment makes careful shopping and understanding your loan options even more critical. Let's quickly touch on the different types of loans listed. Fixed-rate mortgages (like the 15-year, 20-year, and 30-year options) keep the same interest rate for the entire loan term.

Mortgages

Marco Santarelli

JUNE 20, 2025

Are you looking to lower your monthly payment, shorten your loan term, switch from an adjustable-rate to a fixed-rate mortgage, or tap into your home equity for other financial needs? Change Loan Type: Transition from an adjustable-rate mortgage (ARM) to a stable, fixed-rate mortgage for predictable payments.

Mortgages

Marco Santarelli

JUNE 3, 2025

National Mortgage Rate Trends: A Bird's Eye View To put these state-specific rates into perspective, let's zoom out and look at the national averages. According to Zillow, the average rate for a 30-year fixed-rate mortgage is 7.00%. Get quotes from banks, credit unions, and mortgage brokers.

Mortgages

Marco Santarelli

MARCH 2, 2025

Generally, the 30-year fixed-rate mortgage is the most popular choice among homebuyers. This type allows homeowners to spread out their payments over three decades, resulting in lower monthly payments compared to shorter term loans. down payment.

Mortgages

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. If you've received a lower rate from another lender, see if they're willing to match it.

Mortgages

Marco Santarelli

JUNE 26, 2025

Plus, putting down at least 20% can help you avoid private mortgage insurance (PMI). Consider Different Loan Types: Explore different loan types like fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, and VA loans to see which one best suits your financial situation.

Mortgages

Marco Santarelli

JUNE 17, 2025

As of June 17, 2025, mortgage rates have remained stable, with the current average 30-year fixed mortgage rate at 6.93%. This rate shows no change from the previous week, indicating a period of stability in the housing finance market.

Mortgages

Norada Real Estate

JUNE 7, 2025

Notably, FHA loans have seen a more significant jump in their 30-year fixed rate. This could disproportionately affect first-time homebuyers or those with lower credit scores who often rely on these types of loans. For most people seeking stability, a fixed-rate mortgage is still the preferred choice.

Mortgages

Marco Santarelli

JULY 18, 2025

Shop Around and Compare Rates: Don't just go with the first lender you find. Get quotes from multiple lenders and compare their rates, fees, and terms. Consider Different Loan Types: Explore options like fixed-rate mortgages, adjustable-rate mortgages (ARMs), and FHA loans to see which one best suits your needs.

Mortgages

Marco Santarelli

MAY 6, 2025

States With the Lowest Mortgage Rates Today May, 06 2025 National Mortgage Rate Snapshot Before we zoom in on the states with the lowest rates, let's get a national overview. As of today, May 6, 2025, the national average for a 30-year fixed-rate mortgage is 7.00%.

Mortgages

Marco Santarelli

JUNE 4, 2025

On June 4, 2025, mortgage rates showed some slight upward movement for the national average 30-year fixed rate, climbing to 6.98%. This marks a minor increase of 1 basis point from the previous day but is still lower than the average rate from the week prior.

Loans

Marco Santarelli

JUNE 28, 2025

Understanding Adjustable Rate Mortgages (ARMs) Before we get too far ahead, let's quickly review what an Adjustable Rate Mortgage (ARM) actually is. Unlike fixed-rate mortgages, where your interest rate stays the same for the life of the loan, ARMs have an interest rate that can change periodically.

Mortgages

Marco Santarelli

APRIL 10, 2025

Current Mortgage Rates as of April 10, 2025: Mortgage Type Average Rate Today 30-Year Fixed 6.85% 20-Year Fixed 6.61% 15-Year Fixed 6.21% 7/1 Arm 7.55% 5/1 Arm 7.31% 30-Year FHA 5.95% 30-Year VA 6.45% (Source:Zillow) These rates have climbed from around 6.45% in March, highlighting a considerable shift in the mortgage landscape.

Fixed-rate mortgage

Marco Santarelli

MAY 22, 2025

National Average: The national average for a 30-year fixed-rate mortgage is currently at 7.11%, showing a slight increase due to bond market activity influenced by President Trump's proposed tax bill. Shop Around: Don't just settle for the first rate you're offered.

Mortgages

Marco Santarelli

MARCH 17, 2025

Loan Type: 30-Year Fixed, 15-Year Fixed, and Beyond. The most common type of mortgage is the 30-year fixed-rate mortgage. Then there's the 15-year fixed-rate mortgage. Adjustable-Rate Mortgages (ARMs): The Initial Rate Gamble. Boost that credit score!

Mortgages

Marco Santarelli

FEBRUARY 1, 2025

Today's Mortgage Rates February 1, 2025: Rates Drop Again Key Takeaways Current Average Rates : 30-year fixed: 6.59% 15-year fixed: 5.89% 30-year FHA: 6.29% 30-year VA: 6.06% Inflation Impact : Elevated inflation makes significant rate drops less likely in the near future.

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

Marco Santarelli

MARCH 10, 2025

Heres a detailed overview of the current mortgage rates: Loan Type Current Rate (%) 30-year Fixed 6.31 20-year Fixed 6.06 15-year Fixed 5.63 FHA Loans 30-year 6.01 Here are the average refinance rates: Loan Type Current Rate (%) 30-year Fixed 6.33

Debt-to-income ratio

Housing Wire

MARCH 24, 2023

The Federal Housing Finance Agency (FHFA) released on Thursday its Fourth Quarter 2022 Foreclosure Prevention and Refinance Report, stating that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 52,469 foreclosure prevention actions in Q4 2022.

Fixed-rate mortgage

Housing Wire

DECEMBER 6, 2023

Total home loan applications increased 2.8% 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. The adjustable-rate mortgage (ARM) share of activity decreased to 7.4% for the week ending Dec.

VA loan

Housing Wire

SEPTEMBER 20, 2023

15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association. Last week, purchase applications increased for both conventional and FHA loans but remained 26% lower than the same week a year ago. For the week that ended Sept.

Fixed-rate mortgage

Housing Wire

DECEMBER 15, 2021

“Fewer homeowners have a strong incentive to refinance at current rates,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%.

VA loan