Marco Santarelli

DECEMBER 29, 2024

Impact on the Housing Market The projections for mortgage rates are intrinsically linked to the overall health of the housing market. Current Home Sales Trends As mortgage rates are anticipated to decrease, demand for homes may gradually increase, particularly among first-time buyers and those relocating from urban to suburban areas.

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

DECEMBER 27, 2024

Sam Khater, Freddie Macs Chief Economist, suggests that while there are slight improvements in new and existing home sales, a significant undersupply of homes continues to challenge the market. This situation may lead potential buyers to act sooner rather than later, as waiting could result in even higher rates.

Fixed-rate mortgage

Marco Santarelli

DECEMBER 27, 2024

Sam Khater, Chief Economist at Freddie Mac, notes that while new and existing home sales show some improvement, the overall economic landscape, compounded by tighter monetary policies, is steering rates upward. 15-Year Mortgages: Rates for 15-year fixed mortgages have also climbed to 6% , an increase from 5.92%.

Mortgages

Marco Santarelli

JULY 12, 2025

The Current State of Mortgage Rates As of July 10, 2025 , here’s where we stand: 30-Year Fixed Rate Mortgage (FRM): Averaging 6.72% 15-Year FRM: Averaging 5.86% These numbers, per Freddie Mac, paint a clear picture. Still, even rates in the mid-6% range are still a challenge. If rates drop closer to 6.3%-6.5%

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

HomeLight

JANUARY 31, 2025

Fixed-rate mortgages are the most popular mortgages on the market, but they may not be right for every homebuyer in every situation. Adjustable-rate mortgage loans (ARMs) offer options for borrowers who would benefit from a different approach to financing their mortgage due to specific life events or financial situations.

Loans

Marco Santarelli

DECEMBER 21, 2024

Supply and Demand in the Housing Market The housing market's supply and demand dynamics further influence mortgage rates. An increase in buyer demand, coupled with a limited supply of homes available for sale, can lead to higher competition among buyers.

Mortgages

Marco Santarelli

APRIL 22, 2025

Current Rates Breakdown Mortgage Type Current Rate 30-Year Fixed 6.81% 20-Year Fixed 6.63% 15-Year Fixed 6.10% 5/1 ARM 7.08% 7/1 ARM 7.46% 30-Year VA 6.39% 15-Year VA 5.80% 5/1 VA 6.28% Source: Zillow These numbers reflect the national average and are rounded to the nearest hundredth.

Mortgages

Marco Santarelli

APRIL 7, 2025

Impact of Economic Factors : Recent tariff announcements and economic fluctuations influence these rates. Spring Home-Buying Season : The current market conditions could favor buyers as more homes are listed for sale. Mortgage Rates Type of Mortgage Interest Rate (%) 30-Year Fixed 6.39 5/1 VA 5.93

Mortgages

Marco Santarelli

JANUARY 11, 2025

What to Expect for Mortgage Rates in 2025 Looking ahead, the projections for mortgage rates in 2025 indicate that the situation might not change dramatically. Goldman Sachs Above 6% These figures reveal a consensus among economists and financial institutions that mortgage rates will likely remain above 6% throughout 2025.

Mortgages

Marco Santarelli

MAY 31, 2025

According to the National Association of REALTORS, existing home sales are predicted to rise, which may put upward pressure on prices and, consequently, mortgage rates. Fixed-Rate Mortgages 30-Year Fixed : This mortgage is popular due to its stable monthly payments spread out over 30 years.

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. Now, four basis points might sound small, but in the world of mortgages, every little bit counts. Let's dive into the specifics.

Fixed-rate mortgage

Marco Santarelli

APRIL 18, 2025

On April 18, 2025, mortgage rates remain relatively favorable compared to last year, despite experiencing weekly fluctuations. The average for 30-year fixed-rate mortgages is around 6.71% , and for 15-year fixed mortgages, its approximately 6.01%. Is Now a Good Time to Lock in a Mortgage Rate?

Mortgages

Marco Santarelli

APRIL 18, 2025

On April 18, 2025, mortgage rates remain relatively favorable compared to last year, despite experiencing weekly fluctuations. The average for 30-year fixed-rate mortgages is around 6.71% , and for 15-year fixed mortgages, its approximately 6.01%. Is Now a Good Time to Lock in a Mortgage Rate?

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

APRIL 23, 2025

Inflation: Inflation is the rate at which prices for goods and services are rising. When inflation is high, mortgage rates tend to be higher as well. If there are more buyers than homes for sale (a seller's market), prices tend to go up, and vice-versa. while the 15-year fixed-rate mortgages are around 6%.

Mortgages

Marco Santarelli

FEBRUARY 28, 2025

There are two main types of mortgage interest rates: Fixed-Rate Mortgages: These are pretty straightforward. Your interest rate stays the same for the entire life of the loan, so your monthly payments are predictable and easy to budget for. If rates go up, your monthly payment will go up too.

Mortgages

Marco Santarelli

MAY 20, 2025

And, as we all know, where treasury yields go, mortgage rates often follow. How It's Impacting Mortgage Rates The increase in treasury yields has directly impacted mortgage rates. As of May 19, 2025, the average 30-year fixed-rate mortgage has climbed to 7.04% , according to Mortgage News Daily.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles How to Buy a House in New York Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Purchase and sale agreement

Marco Santarelli

JUNE 9, 2025

Understanding Mortgage Types When you explore your mortgage options, understanding different types of loans is critical. Each mortgage type has its own advantages and disadvantages, depending on your financial situation and how long you plan on staying in a home. Fixed-Rate Mortgages : These loans are straightforward.

Mortgages

Marco Santarelli

APRIL 27, 2025

For many, especially given the current market conditions centered around high borrowing costs, yes , buying a home with cash in 2025 presents a remarkably strong position, offering distinct advantages that financed buyers just can't touch, though like any big financial move, it requires careful consideration of your own situation.

Finance

Norada Real Estate

APRIL 19, 2025

Read More: Mortgage Rates Trends as of April 18, 2025 Mortgage Rate Predictions for This Week: Expect Volatility, Not Relief Mortgage Rates Likely to Go Down in the Short Term Due to Tariffs Understanding Fixed vs. Adjustable Rates Fixed-rate mortgages lock in your interest rate for the life of the loan, providing predictability in monthly payments.

Mortgages

Marco Santarelli

APRIL 19, 2025

Read More: Mortgage Rates Trends as of April 18, 2025 Mortgage Rate Predictions for This Week: Expect Volatility, Not Relief Mortgage Rates Likely to Go Down in the Short Term Due to Tariffs Understanding Fixed vs. Adjustable Rates Fixed-rate mortgages lock in your interest rate for the life of the loan, providing predictability in monthly payments.

Mortgages

Redfin

JULY 31, 2025

Look into first-time homebuyer benefits Many programs are designed to make homeownership more accessible for first-time buyers by reducing upfront costs, lowering monthly payments, and helping with mortgage qualification. Check with your state’s housing finance agency for options.

Purchase and sale agreement

Marco Santarelli

APRIL 18, 2025

Think of it this way: More homes for sale: Gives you more options and potentially more room to negotiate. The ARM Race: Adjustable-Rate Mortgages Gain Popularity With those higher rates, its no surprise that more buyers are turning to adjustable-rate mortgages (ARMs). A year ago, rates averaged 7.1%.

Fixed-rate mortgage

Marco Santarelli

APRIL 27, 2025

Moreover, as potential buyers feel confident about lower rates, we could see a noticeable uptick in home sales, which in turn may stabilize or even increase housing prices. Fixed-Rate Mortgages : These loans have a set interest rate that does not change over the life of the loan, making it easier to budget for monthly payments.

Mortgages

Marco Santarelli

JUNE 2, 2025

Current Mortgage Rate Overview For individuals looking to purchase a home, understanding the different types of mortgage interest rates available is essential. The most common types are fixed-rate mortgages and adjustable-rate mortgages (ARMs).

Mortgages

Marco Santarelli

FEBRUARY 26, 2025

Are you glued to your screen, constantly refreshing to find out today's mortgage rates ? As of February 26, 2025, we've seen a welcome dip in mortgage rates. The average 30-year fixed-rate mortgage is currently sitting at 6.35%. Well, breathe a sigh of relief, because there's a bit of good news!

Mortgages

Marco Santarelli

APRIL 12, 2025

Adjustable Rates When considering mortgage options, many face the choice between fixed-rate and adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages Pros: Consistency: Monthly payments remain stable throughout the life of the loan, which allows for easier budgeting.

Mortgages

Redfin

APRIL 11, 2025

But the national average and the cost of houses for sale in your area can look drastically different. When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord. Homeowners might also get some tax breaks for mortgage interest and property taxes, which can save you some money. . >>See

Marketing

Marco Santarelli

JANUARY 19, 2025

Consequently, mortgage rates surged to levels not seen in years, making homeownership more challenging for many prospective buyers. 2023 : The trend of increasing mortgage rates continued throughout much of the year, peaking amid high inflation rates, which reached a staggering 9.1%.

Mortgages

Norada Real Estate

JUNE 8, 2025

Understanding Mortgage Rates To determine the best mortgage for your situation, it’s essential to differentiate between fixed-rate and adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages Fixed-rate mortgages offer stability and predictability in payments over the life of the loan.

Debt-to-income ratio

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

Marco Santarelli

JUNE 12, 2025

National Average Mortgage Rates Loan Type Current Rate Change from Last Week APR APR Change 30-Year Fixed 6.91% -0.08% 7.34% -0.11% 15-Year Fixed 5.97% -0.03% 6.25% -0.11% 5-Year ARM 7.30% No change 7.83% -0.17% Key Observations: The national average for 30-year fixed-rate mortgages fell slightly from 6.99% last week to 6.91%.

Mortgages

Inman

JULY 24, 2025

Economists at Fannie Mae and the Mortgage Bankers Association differ on how much room mortgage rates have to come down and how fast home price appreciation will cool.

Closing

Marco Santarelli

MARCH 27, 2025

This cost is expressed as a percentage of the loan amount and can be structured in two primary ways: fixed-rate and adjustable-rate. A fixed-rate mortgage provides stability and predictability. Once you lock in your interest rate, it remains the same for the entire duration of your loan term.

Mortgages