The Mortgage Report

JULY 11, 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? How Much Home Can I Afford? The sky is not falling.

FHA 203k rehab loan

The Mortgage Report

JULY 1, 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? How Much Home Can I Afford?

Loans

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%. Additionally, the average 15-year fixed mortgage rate remains steady at 6.01%. In contrast, the 5-year adjustable-rate mortgage (ARM) has decreased, moving from 7.39% to 7.01 %.

Mortgages

Redfin

JULY 23, 2025

Better interest rates: A larger down payment on a house can lead to lower mortgage interest rates, saving you money over time. Lower monthly payments: Borrowing less translates directly to reduced monthly mortgage bills. No PMI: A 20% down payment helps you avoid Private Mortgage Insurance, an added monthly cost.

FHA loan

Marco Santarelli

APRIL 2, 2025

There's some welcome news on the mortgage front today, April 2, 2025. The average rate for a 30-year fixed mortgage has finally dipped, offering a bit of relief to those watching rates closely. Today's Mortgage Rates April 2, 2025: 30-Year Fixed Rate Drops to 6.5% Reason for the Drop: Likely influenced by the recent U.S.

Mortgages

Marco Santarelli

MAY 14, 2025

If you're on the hunt for the best mortgage rates, you're probably wondering which states are offering the most attractive deals. States With Lowest Mortgage Rates Today May 14, 2025 Why Do Mortgage Rates Vary by State? It's easy to assume that mortgage rates would be fairly uniform across the country, but that's not the case.

Mortgages

Marco Santarelli

MARCH 27, 2025

As of today, March 27, 2025, the landscape of mortgage rates shows minor fluctuations, with some rates nudging slightly upward while others saw a marginal decrease. These shifts, though small, are important for anyone looking to buy a home or refinance their existing mortgage. 15-Year Fixed Mortgage: Increased slightly to 5.98%.

Mortgages

Norada Real Estate

JUNE 24, 2025

As of today, June 24, 2025, the national average for 30-year fixed mortgage rates has dropped to 6.85% , which is a slight decrease from the previous week, making mortgages a bit more affordable. Notably, the 15-year fixed mortgage rate has also decreased to 5.88%. to 6.6% through 2025. to 6.6% through 2025.

Mortgages

The Mortgage Report

JULY 8, 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? How Much Home Can I Afford?

Equity

Redfin

JUNE 13, 2025

Try to avoid overlapping mortgage payments or being stuck without a home. Consider financial tools like bridge loans or home equity loans for your new home’s down payment before your current one sells. As of early June 2025, the average 30-year fixed mortgage rate is around 6.8–6.9% Example cost impact: At a 6.8%

Debt-to-income ratio

Redfin

MARCH 3, 2025

Unless youve got a few hundred thousand dollars lying around and plan on buying a house in cash , youll probably need to take out a mortgage to make this purchase. In this Redfin article, well break down how much a mortgage on a $300,000 house costs, both on a monthly basis and in the long run.

Mortgages

Marco Santarelli

MAY 2, 2025

If you're in the market for a home, you're probably glued to mortgage rates! As of today, May 2, 2025, the states with the lowest mortgage rates for a 30-year new purchase are New York and Washington. These nine states showed average mortgage rates hovering between 6.68% and 6.85%. It's a fair question!

Mortgages

Redfin

JULY 15, 2025

The income needed for a $250k mortgage depends on several financial factors, including your debt-to-income ratio, credit health, and property taxes in your area. If you put down less than 20%, you’ll likely have to pay private mortgage insurance (PMI), which would increase your monthly expenses and the income needed to qualify.

Debt-to-income ratio

Marco Santarelli

JUNE 30, 2025

Are you looking to buy a home or refinance your existing mortgage? Knowing today's mortgage rates is the first step. As of June 30, 2025, the national average for a 30-year fixed mortgage rate is 6.79%. Let's dive into a more detailed look at current mortgage rates , how they've changed, and what options are available.

Fixed-rate mortgage

Marco Santarelli

MARCH 2, 2025

Mortgage rates are a crucial aspect of home buying. As of today, March 2, 2025, mortgage rates are around 6.30% , marking a significant drop from earlier months due to shifts in the economic landscape. Monthly Payment Projections: Understand how the current rates will impact your monthly payments based on various mortgage amounts.

Mortgages

Redfin

JULY 23, 2025

Before you start browsing listings, you’ll want to know if your income can support a mortgage that size. The income needed for a $600k mortgage depends on several key factors like your down payment, credit score, debt, and interest rate. A 20% down payment also avoids private mortgage insurance (PMI).

Debt-to-income ratio

HomeLight

MAY 14, 2025

Be aware of minimum property standards for certain loans When you place your home on the market, its hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. If your house complies with FHA, then it complies with most other lenders requirements.

As-is

Redfin

JULY 30, 2025

In this article: Understanding if you’re ready to buy a home Budgeting for your first home Finding the right mortgage Navigating the homebuying process What comes next? You haven’t held a mortgage in three years. Job security: Stable employment and income are key indicators for lenders when qualifying for a mortgage.

Pre-approval

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%. Additionally, the average 15-year fixed mortgage rate remains steady at 6.01%. In contrast, the 5-year adjustable-rate mortgage (ARM) has decreased, moving from 7.39% to 7.01 %.

Mortgages

Marco Santarelli

MAY 6, 2025

If you're looking for the states with the lowest mortgage rates today, May 6, 2025, the answer is: New York, California, Florida, Missouri, Texas, Washington, and North Carolina. These states currently boast the cheapest 30-year new purchase mortgage rates, with averages ranging from 6.77% to 6.98%, according to data by Zillow.

Mortgages

Redfin

JULY 30, 2025

>> Read: What Percentage of Your Income Should Go Toward Your Mortgage? down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S. down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S.

Debt-to-income ratio

Redfin

JULY 16, 2025

If a $300,000 home feels like your target price, you’re likely asking: what’s the income needed for a $300k mortgage? This estimate is based on a typical 30-year fixed mortgage, average interest rates, and a moderate down payment. Most lenders cap DTI at 43% , but many prefer applicants below 36% for stronger loan offers.

Debt-to-income ratio

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

FHA loan

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

FHA loan

Housing Wire

JUNE 3, 2022

Lakeview Loan Servicing unveiled a rare private-label securities offering this past March involving a pool of mostly delinquent mortgages serviced by the company. The loans in the offering were all originated through the Federal Housing Administration (FHA) and later securitized through Ginnie Mae. In total, 99.3%

Loans

Housing Wire

MAY 25, 2021

Mortgages would be subject to FHA loan limits. Homebuyers would pay an up-front mortgage insurance premium of 3.6 percent of the principal, which could be financed, and would not pay a monthly insurance premium. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.), John Katko (R-N.Y.),

FHA loan

Housing Wire

MARCH 24, 2022

The one-two punch of higher mortgage rates and escalating home prices reduced homebuyers ’ ability to buy homes in February. The national median monthly mortgage payment settled in loan applications increased 8.3%, from $1,526 in January to $1,653 in February, according to a survey published Thursday by the Mortgage Bankers Association.

FHA loan

Housing Wire

MARCH 10, 2022

Lakeview Loan Servicing , one of the nation’s largest issuers of Ginnie Mae securities, is making a play in the private-label securities market by sponsoring an offering backed by a pool of 2,192 Federal Housing Administration -guaranteed mortgages valued at $423.6 A fourth such transaction, a $370.7 Department of Agriculture.

Mortgages

Housing Wire

JUNE 23, 2022

Homebuyer affordability decreased slightly in May, as new mortgages took up a larger share of a the average person’s income while rates trended higher. High inflation and rising mortgage rates won’t lessen the burden on new home buyers in the coming months. in May from 162.8 99.7), with Alaska (102.6), Connecticut (111.2)

Mortgages

Housing Wire

NOVEMBER 29, 2023

“Under the new definition, effective for pools or loan packages submitted on or after Jan. 1, 2024, a ‘high balance loan’ is defined as a single-family forward mortgage loan with an original principal balance (minus the amount of any up-front mortgage insurance premium) that exceeds the [new] limits,” the company said in a statement.

Loans

Housing Wire

JANUARY 5, 2022

Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.

Mortgages

Housing Wire

MAY 10, 2023

That’s the entire mortgage industry shouting, “hip, hip hooray!” ” The Federal Housing Finance Agency (FHFA) on Wednesday announced that it would rescind a controversial loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%. Did you hear that sound?

FHA loan

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan

Housing Wire

FEBRUARY 25, 2022

The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system.

FHA loan

Housing Wire

JUNE 26, 2023

Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report said. 35% of loan modifications completed in Q1 “reduced borrowers’ monthly payments by more than 20%,” the report’s findings said. The serious delinquency rate also decreased to 0.6%

VA loan

Housing Wire

APRIL 15, 2024

Louis that compares the median home price in Nevada at the time Biden took office ($342,995) to the figure as of January 2024 ($460,000), and illustrated increases in monthly payment obligations for Federal Housing Administration (FHA) borrowers. Utilizing a 3.5% at the market interest rate of 2.82%,” Gov. Lombardo said in his letter.

FHA loan

Housing Wire

MAY 31, 2023

Department of Housing and Urban Development ( HUD ) that borrowers can use to make their mortgage current. The remainder of the late payments are then added to the principal balance and extended for 30 years at a fixed rate. Homeowners then pay the FHA back when they sell their homes or refinance their loans.

FHA loan