Housing Wire

OCTOBER 11, 2023

As the 30-year, fixed-rate mortgage hit 7.67% for the week ending Oct. 6, mortgage applications remained near historic lows. However, an uptick in adjustable-rate mortgage (ARM) applications edged total applications up slightly. Mortgage applications picked up 0.6% for the week ending Oct. from 14.5%

Loans 394

Loans VA loan FHA loan Mortgages 394

Housing Wire

JUNE 5, 2024

The Federal Housing Administration (FHA) share of total applications increased to 13.2%, up from 12.7% The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased from 7.05% to 7.07%, with points increasing from 0.63 the week prior.

VA loan 450

VA loan Mortgages Fixed-rate mortgage Loans 450

Housing Wire

DECEMBER 12, 2023

Assuming a 30-year fixed rate mortgage of 7% with 20% down payment, the monthly payment would be roughly $2,100. One would have expected lower DTIs for borrowers with lower rates as monthly mortgage payments and DTIs increase with higher mortgage rates all else equal.

Debt-to-income ratio 421

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 421

Eye on Housing

JULY 27, 2022

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% Conventional loans financed 74.8% in Q2 2022–its smallest share since early 2008.

FHA loan 124

FHA loan Loans Sales Finance 124

Marco Santarelli

MARCH 4, 2025

15-Year Fixed: You'll pay it off faster and pay significantly less interest over the life of the loan. Adjustable-Rate Mortgages (ARMs): These typically offer a lower initial interest rate than fixed-rate mortgages, but the rate can adjust periodically based on market conditions.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

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Finance FHA loan Investor Loans 96

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 105

Mortgages Fixed-rate mortgage Loans Principal 105

Point2Homes

AUGUST 26, 2021

Here are the most common types to look out for: Fixed-Rate Mortgages. These mortgages span several years and feature an interest rate that stays the same for the duration. A 15-year fixed-rate mortgage allows you to pay off your loan in half the time, but your monthly payments will be significantly higher.

Loans 103

Loans Mortgages Fixed-rate mortgage FHA loan 103

Marco Santarelli

MARCH 11, 2025

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. Federal Housing Administration (FHA) Loans : FHA loans are designed to assist low to moderate-income borrowers.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages VA loan FHA loan 52

Marco Santarelli

DECEMBER 22, 2024

However, this reflects a notable 29 basis point increase compared to last week when rates were at 6.42% ( Zillow ). Understanding these rates and how they can impact your financial decisions is crucial as you navigate your home financing options.

Mortgages 52

Mortgages Fixed-rate mortgage Equity Loans 52

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 52

FHA loan Mortgages Principal VA loan 52

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

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 52

Mortgages FHA loan Debt-to-income ratio Fixed-rate mortgage 52

HomeLight

NOVEMBER 20, 2023

“There are typically fewer fees involved when you do an assumable mortgage rather than a new origination. In this post, we’ll explain how this often elusive financing option can work for you, and share expert tips on how to find an assumable mortgage attached to a home you want to buy. Plus, the approval process can be faster.”

FHA loan 115

FHA loan Mortgages VA loan Loans 115

Marco Santarelli

SEPTEMBER 30, 2023

FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. The minimum credit score for an FHA loan is 580 with a 3.5% However, many FHA lenders require credit scores of at least 620.

FHA loan 105

FHA loan Mortgages Debt-to-income ratio Loans 105

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 59

Mortgages VA loan FHA loan Loans 59

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 52

Mortgages Fixed-rate mortgage VA loan Loans 52

Marco Santarelli

MAY 14, 2025

The Types of Mortgages Available When it comes to mortgages, there are various options that can cater to different financial situations and goals. Two popular types of fixed-rate mortgages include: 30-Year Fixed : This is the most common mortgage type.

Mortgages 52

Mortgages VA loan FHA loan Fixed-rate mortgage 52

Marco Santarelli

AUGUST 6, 2024

According to Zillow, here are the national averages we're seeing: Mortgage Type Rate (%) 30-year fixed 5.92 20-year fixed 5.62 15-year fixed 5.21 5/1 Adjustable Rate Mortgage (ARM) 5.86 30-year FHA loan 5.41 15-year FHA loan 4.82 5/1 FHA loan 5.06

VA loan 97

VA loan FHA loan Mortgages Fixed-rate mortgage 97

HomeLight

OCTOBER 15, 2020

The different types of conventional loans. There are two main types of conventional loans: conforming and non-conforming. Conforming loans. Conforming loans are mortgages that conform to financing standards set by the federal government, and can therefore be purchased by Fannie Mae and Freddie Mac.

Loans 98

Loans FHA loan Debt-to-income ratio VA loan 98

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 52

Mortgages Fixed-rate mortgage Lending Loans 52

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 52

Mortgages Fixed-rate mortgage Loans Principal 52

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 52

Mortgages Principal Fixed-rate mortgage VA loan 52

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 59

VA loan Mortgages FHA loan Loans 59

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. Assess Your Finances As you might assume, a good place to begin is by assessing your finances. Let's take a closer look.

Mortgages 101

Mortgages Pre-approval Pre-qualification Due diligence 101

Marco Santarelli

DECEMBER 21, 2024

Analysis of Mortgage Types Understanding the different types of mortgages available is crucial as they have varied implications on your financial future. 30-Year Fixed Mortgages The 30-year fixed-rate mortgage remains the most popular choice among homebuyers. Cons : Future payments unpredictability.

Mortgages 52

Mortgages VA loan Loans FHA loan 52

HomeLight

JUNE 22, 2023

Everyone’s finances and circumstances are different. Credit scores typically fall into one of these ratings: 580 and below: poor 580-669: fair 679-739: good 740-799: very good 800-850: excellent The minimum credit score you need to be approved for a mortgage will depend on what kind of loan you are applying for.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

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 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

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 52

Mortgages Fixed-rate mortgage VA loan Loans 52

Realty Biz

DECEMBER 30, 2022

It'll enable you to sift through the home loans available to you so that you can decide which one will work best for you. It'll also help you get access to the best mortgage rates around. The big benefit of going with a conventional mortgage is that it's often going to allow you to get the lowest interest rates possible.

Loans 69

Loans FHA loan Mortgages Debt-to-income ratio 69

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 64

Mortgages Debt-to-income ratio Loans FHA loan 64

Realty Biz

JANUARY 3, 2023

In this piece, you’ll find some information on how interest rates are influencing home-buying decisions. Smart Homebuyers Are Shoring up Their Finances. The best way to get a lower interest rate is to make sure your finances are in good order. These loans are usually paid back as part of your mortgage.

Mortgages 96

Mortgages VA loan Loans FHA loan 96

Realty Biz

DECEMBER 31, 2020

EPM recommends speaking to a professional, such as a financial planner or personal finance expert. Should the financial planner see any issue with your current finances, they can help you. The more you learn about managing your finances and working toward homeownership, the easier you will find this huge life transition.

Loans 93

Loans Finance FHA loan Fixed-rate mortgage 93

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 52

Loans Mortgages VA loan Pre-approval 52

Realty Biz

FEBRUARY 7, 2023

We will take you through the steps for choosing the best lender for your finances. Figure Out What Mortgage Program Works Best When you start looking for a mortgage , one of the first steps should be deciding what loan terms you want. For example, do you want a 30-year fixed or adjustable-rate mortgage?

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Pre-approval Mortgages Pre-qualification VA loan 77

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 52

Mortgages Loans Pre-approval FHA loan 52

Windemere Buying

FEBRUARY 14, 2022

Financing terms are the nuts and bolts of a successful home purchase. So, which home loan is the right one for you? Knowing the different types of mortgage loans available to you will allow you to pinpoint the one that best fits your needs and is financially viable.

Loans 52

Loans Fixed-rate mortgage VA loan FHA loan 52