Marco Santarelli

DECEMBER 29, 2024

Lender Competition: A competitive lending environment can lead to better rates for consumers. Understanding these variables is vital for borrowers, as it helps them anticipate potential mortgage costs and make informed decisions regarding their loans.

Mortgages

Marco Santarelli

MARCH 7, 2025

How Mortgage Interest Rates Work Simply put, a mortgage interest rate is the fee lenders charge for borrowing money, expressed as a percentage. There are two primary types of rates: Fixed-Rate Mortgages : The interest rate remains the same throughout the life of the loan.

Mortgages

Marco Santarelli

JULY 8, 2025

The big question is: what have mortgage rates trends over the past year looked like? According to the Primary Mortgage Market Survey® by Freddie Mac , as of July 3rd, 2025, the average 30-year fixed-rate mortgage sits at 6.67% , while the 15-year fixed rate is at 5.80%. Let's dive in.

Fixed-rate mortgage

Marco Santarelli

JANUARY 1, 2025

Mortgage rates are a hot topic for anyone looking to buy a home or refinance an existing mortgage. As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. Refinance Rate : 7.01% for a 30-year refinance, indicating stable rates compared to purchase mortgages.

Mortgages

Marco Santarelli

APRIL 16, 2025

If you're planning to secure a mortgage or refinance your existing loan, today's mortgage rates – April 16, 2025 have dropped significantly across multiple loan types. 30-Year fixed-rate mortgage now averages 6.78% , an eight basis-point drop.

Fixed-rate mortgage

Marco Santarelli

DECEMBER 31, 2024

Current Mortgage Rates Heres a closer look at todays mortgage rates for various types of mortgages, which may help guide your decision-making process: Purchase Mortgage Rates Mortgage Type Interest Rate Change 30-Year Fixed 6.64% -0.08 20-Year Fixed 6.48% -0.10

Mortgages

Marco Santarelli

DECEMBER 27, 2024

Generally, a mortgage interest rate represents the cost to borrow money expressed as a percentage. Borrowers can select between fixed-rate mortgages and adjustable-rate mortgages (ARMs). Adjustable-Rate Mortgages (ARMs): Typically, ARMs start with lower rates than fixed rates.

Fixed-rate mortgage

Norada Real Estate

JUNE 29, 2025

What's Happening with Mortgage Rates on June 29, 2025? Let's take a look at the mortgage rates from Zillow as of today. After that, the rate can change, typically annually, based on the market's performance, usually tied to indexes like the Secured Overnight Financing Rate, SOFR.

Fixed-rate mortgage

Marco Santarelli

MAY 8, 2025

According to the latest data from Zillow, today's mortgage rates show a decrease across various loan types, with the widely popular 30-year fixed-rate mortgage averaging 6.69% , a notable 10 basis points lower than the previous day. The 30-year fixed refinance rate is at 6.77%.

Fixed-rate mortgage

Marco Santarelli

JULY 14, 2025

Global Events: Major world events, like a crisis somewhere across the globe, can create uncertainty that impacts financial markets and mortgage rates. While a small dip in rates is generally positive, it's important to remember that ARMs come with their own set of considerations. What is an Adjustable Rate Mortgage (ARM)?

Fixed-rate mortgage

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. 15-Year Fixed Refinance 5.94 -0.10 15-Year Fixed Refinance 5.94 -0.10

Mortgages

Marco Santarelli

DECEMBER 29, 2024

The Federal Reserve's decision to lower interest rates earlier in the season has not translated into immediate reductions in mortgage rates, illustrating the complex relationship between federal rates and the mortgage market. For more information about these rates, visit Bankrate for detailed comparisons.

Mortgages

Marco Santarelli

OCTOBER 26, 2024

As of October 24, 2024, mortgage rates have climbed north of 6.5% The average 30-year fixed-rate mortgage now sits at 6.54% , a slight rise from 6.44% the previous week, reflecting a prevailing trend of increasing rates that have now persisted for four consecutive weeks.

Fixed-rate mortgage

Marco Santarelli

JANUARY 25, 2025

The average 30-year fixed mortgage rate has demonstrated a reassuring decline compared to exaggerated peaks earlier in the year, reflecting broader economic trends and lender competition. Creditworthiness Lenders consider your credit score as a reflection of your reliability in repaying loans. Whats Next?

Mortgages

Marco Santarelli

JANUARY 12, 2025

Adjustable Rate Mortgages When exploring mortgage rates , one crucial decision homebuyers face is whether to go with a fixed-rate or an adjustable-rate mortgage (ARM). Fixed-Rate Mortgages : These loans offer a consistent interest rate over the entire loan term.

Mortgages

Marco Santarelli

DECEMBER 26, 2024

If you're considering buying a new home or refinancing your current mortgage, understanding today's mortgage rates is crucial. The cost of borrowing can significantly impact your finances, and staying informed helps you make better decisions. – Higher interest rates lead to more paid interest over time.

Mortgages

Marco Santarelli

MARCH 14, 2025

Today's Mortgage Rates March 14, 2025: Rates Dip Below 52-Week Average What Are the Current Mortgage Rates? If you're already a homeowner, you might be wondering about refinance rates. This can be attributed to various lender assessments and risk factors associated with refinancing existing loans.

Fixed-rate mortgage

Marco Santarelli

DECEMBER 21, 2024

This increased competition often drives prices up and can indirectly influence mortgage rates as lenders adjust to the heightened risk associated with higher-priced loans. Analysis of Mortgage Types Understanding the different types of mortgages available is crucial as they have varied implications on your financial future.

Mortgages

Marco Santarelli

JULY 2, 2025

Okay, here's the lowdown on where to find the most appealing mortgage rates in the U.S. as of July 2, 2025 : If you're shopping for a 30-year fixed rate mortgage for a new home purchase, you might want to focus your search in New York, Massachusetts, Colorado, Connecticut, Florida, New Jersey, California, Texas, and Washington.

Mortgages

Marco Santarelli

JULY 12, 2025

Understanding Adjustable Rate Mortgages (ARMs) Before diving deeper into the implications of the 5-year ARM rate , it's good to know what exactly an ARM loan is. Unlike fixed-rate mortgages where your interest rate stays the same for the life of the loan, ARMs have an interest rate that adjusts periodically.

Fixed-rate mortgage

Marco Santarelli

MAY 31, 2025

As of May 31, 2025, mortgage rates have decreased, offering homeowners and potential buyers advantageous conditions for both purchasing new homes and refinancing existing loans. The 30-year fixed mortgage rate has declined to 6.84% , while the 15-year fixed mortgage rate has notably dipped to 5.99%.

Mortgages

Marco Santarelli

MARCH 16, 2025

Breaking Down Today's Mortgage Rates Loan Type Interest Rate 30-Year Fixed 6.59% 20-Year Fixed 6.45% 15-Year Fixed 5.93% 5/1 ARM 6.85% 7/1 ARM 7.13% 30-Year VA 6.15% 15-Year VA 5.59% 5/1 VA 6.15% As you can see, the 30-year fixed-rate mortgage the most common choice for homebuyers is currently averaging 6.59%.

Mortgages

Marco Santarelli

APRIL 7, 2025

Today's Mortgage Rates April 7, 2025: Rates Plunge Driven by Economic Turmoil Key Takeaways Mortgage Rates Decline : Average 30-year fixed rates are now at 6.39%. Refinance Rates also Drop : Average refinance rates for 30-year loans are at 6.43%.

Mortgages

Marco Santarelli

APRIL 1, 2025

For the benchmark 30-year fixed-rate mortgage , we're looking at an average of 6.55%. Now, four basis points might sound small, but in the world of mortgages, every little bit counts. For someone borrowing a significant amount of money, even a slight decrease can translate into real savings over the life of the loan.

Fixed-rate mortgage

Marco Santarelli

MARCH 4, 2025

Today's Mortgage Rates March 4, 2025: Rates Have Dropped Sharply Navigating the world of mortgages can feel like deciphering a complex code. There are so many different types of loans, lenders, and economic factors that play a role. Let's break down exactly what the mortgage rates look like right now.

Mortgages

Marco Santarelli

MARCH 15, 2025

Current Mortgage Rates on March 15, 2025 The latest figures indicate a general increase in mortgage rates. Your individual rate could be different, depending on factors like your credit score, down payment, and the location of the property. Refinance Rates: What's the Picture Today?

Mortgages

Marco Santarelli

JUNE 10, 2025

Meanwhile, refinance rates for a 30-year fixed mortgage have dropped to 7.16% , a decline from 7.25% last week. This slight dip in rates is a reassuring sign for many potential homebuyers and those considering refinancing their existing loans. These loans typically have higher interest rates.

Mortgages

Marco Santarelli

MAY 24, 2025

The average interest rate on a 30-year fixed-rate mortgage has climbed to 7.15% , marking the highest point we've seen in over a year, specifically since May 2, 2024. The 7.15% average for a 30-year fixed-rate mortgage for new purchases represents a 4 basis point increase just from yesterday.

Mortgages

Marco Santarelli

DECEMBER 22, 2024

Adjustable Rates When considering the right mortgage type , borrowers frequently weigh fixed-rate mortgages against adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages: These loans offer stability by locking in the interest rate for the entire duration of the mortgage (typically 15-30 years).

Mortgages

Marco Santarelli

MAY 27, 2025

This tax information plays a crucial role as it is expected to add trillions to the national deficit, leading to potential fluctuations in interest rates. Historically, when government spending increases, it can create upward pressure on mortgage rates, which may leave homebuyers and homeowners feeling anxious about their financing options.

Mortgages

Marco Santarelli

MAY 6, 2025

Your personal rate will depend on factors like your credit score, down payment, and the specific lender you choose. Why Are ARM Rates Important? The interest rate on your mortgage is a big deal. When rates are low, you can often afford more house for the same monthly payment. What Do Lenders Look For?

Mortgages

Marco Santarelli

MARCH 13, 2025

Monthly Payment on a $150,000 Mortgage For a $150,000 mortgage at a 30-year fixed rate of 6.34% , your monthly payment would be approximately $932.59. Over the life of the loan, you would pay about $115,530 in interest. Calculate approximately $385,105 in interest over the life of the loan.

Mortgages

Marco Santarelli

FEBRUARY 28, 2025

The mortgage market can seem like a totally different language, especially when rates are going up and down like a rollercoaster. That's why it's super important to understand the basics of these rates and what kind of loans are out there. It could be a smart move, especially with rates dropping! It's a trade-off!

Mortgages

Marco Santarelli

JUNE 30, 2025

Even small changes can add up when you're talking about hundreds of thousands of dollars over the life of a loan. Fixed vs. Adjustable: Understanding Your Options The most common types of mortgages are fixed-rate and adjustable-rate. This provides stability and predictability in your monthly payments.

Mortgages

Norada Real Estate

JULY 5, 2025

A drop like this, while seemingly small, can translate to potentially thousands of dollars saved over the life of a loan, depending on the loan amount. Here's a breakdown of current rates against week-over-week changes. Down payment: Putting more money down typically unlocks better rates. This is critical to your budget.

Fixed-rate mortgage

Marco Santarelli

APRIL 20, 2025

Market Volatility : Mortgage rates are expected to stay unstable due to economic factors, including inflation and tariffs. Current Mortgage Rates To provide a clearer view of today's mortgage rates across several terms, heres a detailed breakdown: Loan Type Current Rate (%) 30-Year Fixed 6.79

Mortgages

Marco Santarelli

MARCH 29, 2025

As of today, March 29, 2025, mortgage rates have generally decreased compared to the beginning of the year. This dip offers a potential window for securing a more favorable interest rate on your home loan or refinance. The 30-year fixed mortgage rate is currently at 6.59% , down three basis points.

Mortgages