Housing Wire

JANUARY 15, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances and 30-year fixed-rate mortgages backed by the FHA both saw increases for jumbo loans it was an increase to 7.05% from 6.99%, and for FHA loans the interest rate reached 6.76% from 6.65%.

Fixed-rate mortgage

Housing Wire

MARCH 19, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances increased to 6.78% from last week’s 6.68%. Interest rates for 5/1 ARMs increased to 5.84% from 5.81%.

Fixed-rate mortgage

Housing Wire

MAY 28, 2025

ARMs typically gain market share when rates are elevated, as borrowers can access lower initial rates compared to traditional fixed-rate mortgages. As of Wednesday morning, the average 30-year conforming mortgage rate stood at 6.97%, according to HousingWire s Mortgage Rates Center.

VA loan

Housing Wire

FEBRUARY 12, 2025

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) saw marginal movement to 6.95% from 6.97%.

Fixed-rate mortgage

Housing Wire

MARCH 26, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 6.77% from 6.78%. Both the average contract interest rates for 30-year fixed-rate mortgages backed by the FHA and 15-year fixed-rate mortgages remained unchanged at 6.40% and 6.08%, respectively.

Fixed-rate mortgage

Housing Wire

APRIL 16, 2025

The average contract interest rate for 30-year fixed-rate mortgages increased to 6.81%, up from 6.61% a week earlier, while rates for 30-year fixed mortgages with jumbo loan balances rose by 19 basis points (bps) to 6.84%. to 13.7%, while the U.S.

Fixed-rate mortgage

Housing Wire

APRIL 23, 2025

Joel Kan , MBAs vice president and deputy chief economist, attributed the decline to the second straight week of climbing rates , as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.90% from last week’s 6.81%.

Fixed-rate mortgage

Housing Wire

FEBRUARY 19, 2025

While 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) saw interest rates decrease to 6.93% from 6.95%, interest rates for 30-year fixed-rate mortgages with jumbo loan balances increased to 7.03% from 6.96%. the week prior.

Fixed-rate mortgage

Housing Wire

FEBRUARY 26, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 7.00% from 7.03%. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57% from 6.70%.

Fixed-rate mortgage

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

Marco Santarelli

DECEMBER 22, 2024

Comparing Different Mortgage Products The mortgage market is diverse, ranging from fixed-rate loans to adjustable-rate mortgages (ARMs). Heres a closer look at these options: Fixed-Rate Mortgages : These loans offer stable monthly payments and are often the go-to option for many homeowners.

Mortgages

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

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

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

Norada Real Estate

JULY 3, 2025

For instance, the current average rate for a 30-Year Fixed FHA Loan is 6.92% , which allows borrowers with lower credit scores or smaller down payments to access financing. They typically offer more flexible qualification criteria and lower down payments, making them attractive for first-time homebuyers.

Loans

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

JULY 31, 2025

Beyond the 30-Year Fixed: Other Mortgage Options While the 30-year fixed-rate mortgage is the most popular, it's not the only game in town. Understand Your Credit: Your credit score is a major factor in determining your mortgage rate. Work to improve your credit score if you need to.

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

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week.

Mortgages

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

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

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

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 31, 2025

There are many alternative mortgage options, and you might overlook a program better suited to your financial situation. Common loan types include: Conventional Loan: Offers flexible down payment options as low as 3% with private mortgage insurance (PMI). FHA Loan: Require only 3.5%

VA loan

Norada Real Estate

JUNE 24, 2025

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

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.

Marketing

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

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

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

Redfin

JULY 31, 2025

Loan types for first-time homebuyers include: Conventional Loan: Offers flexible down payment options as low as 3% with private mortgage insurance (PMI). These require a higher credit score and must fall within conforming loan limits. FHA Loan: Designed for buyers with lower credit scores.

Purchase and sale agreement

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

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

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

Loans and programs for first-time buyers Loan Who qualifies Minimum down payment Minimum credit score Key qualifications Conventional loans Borrowers with good credit and stable income 3% 620 Strong credit, steady income, low DTI ratio FHA loans Borrowers with lower credit scores and limited savings 3.5%

Debt-to-income ratio

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