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

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 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

JANUARY 11, 2025

As of early January 2025, the average rate for a 30-year fixed mortgage is around 7.11% according to recent data at Mortgage News Daily. Despite the Federal Reserve's efforts to cut interest rates on loans and credit cards, mortgage rates havent budged significantly.

Mortgages

Marco Santarelli

JULY 8, 2025

State-Level Regulations: Each state has its own set of rules governing the mortgage industry. These regulations can impact the cost of doing business for lenders and, in turn, influence the rates they offer. Credit Score Averages: States with higher average credit scores may see slightly lower rates overall.

Mortgages

Marco Santarelli

JULY 31, 2025

State-Specific Regulations:  States have different regulations impacting the mortgage industry, affecting lenders' costs and risk assessments. Credit Score Averages:  States with higher average credit scores might see slightly better rates overall. ARMs (Adjustable-Rate Mortgages) have interest rates that can change over time.

Mortgages

HomeLight

JULY 29, 2025

In this post, you can compare your monthly home loan or rent payment with the average mortgage payment in the U.S. You can also use our Average Mortgage Payment Calculator to see what you can expect before your next move. That’s because averages can be skewed by a small number of high or low payments.

Mortgages

Norada Real Estate

JUNE 20, 2025

This rise in rates comes at a time when the Federal Reserve opted to keep short-term interest rates stable during their recent meeting. As markets react to larger economic concerns, particularly in the Middle East, mortgage rates reflect these uncertainties.

Mortgages

Marco Santarelli

MAY 2, 2025

This extended period of stability is making waves in the housing market, creating a more accessible environment for both buyers and those looking to potentially save money on their existing home loans. Similarly, 15-year fixed-rate mortgages are also looking attractive, averaging 5.92%.

Fixed-rate mortgage

Marco Santarelli

APRIL 24, 2025

States With the Lowest Mortgage Rates Today – April 24, 2025 Why Mortgage Rates Matter – More Than Just a Number I know, I know, mortgage rates might seem like just another boring number. In simple terms, lower rates mean more money in your pocket! Loan Type: Different loan types (e.g.,

Mortgages

Marco Santarelli

MAY 9, 2025

States with higher average credit scores might be seen as less risky by lenders, potentially leading to slightly lower rates overall. Average Loan Size: The typical amount people borrow for a mortgage can also influence rates. When lenders are vying for business, they might offer slightly more attractive rates.

Mortgages

Marco Santarelli

MAY 21, 2025

The mortgage landscape can be quite complicated, but grasping how rates work can significantly influence financial decisions. Heres an in-depth look at todays mortgage and refinance rates. Fixed-Rate Mortgages Advantages: Stability: Fixed-rate mortgages, particularly the 30-year option, offer predictable monthly payments.

Mortgages

Marco Santarelli

MAY 2, 2025

States with higher average credit scores might see slightly lower rates overall. Average Loan Size: This one is pretty straightforward. The average amount people are borrowing in a state can affect the rates lenders offer. State Regulations: Each state has its own set of rules and regulations governing the mortgage industry.

Mortgages

Marco Santarelli

MAY 2, 2025

Refinance rates for a 30-year fixed mortgage stand at 6.64%. Understanding Today's Mortgage Rates Mortgage rates are crucial for anyone looking to buy a home or refinance an existing loan. Rates can either be fixed or adjustable , each having distinct impacts on your payments over time.

Mortgages

Toronto Realty Blog

MAY 22, 2025

Maybe I don’t know how to look at the unemployment rate anymore, from an economic standpoint, but regardless, that 6.9% There’s no shortage of media coverage on this, but I’m going to pull from the following article in the Globe & Mail, which contains a slew of opinions from industry pundits. uptick is noticeable.

Fixed-rate mortgage

Marco Santarelli

JUNE 17, 2025

State-Level Credit Score Variations: The average credit score within a state can impact rates. States with higher average scores might see slightly better rates. Average Loan Size: The typical loan amount requested in a state can also play a role. Negotiate Fees: Don't be afraid to negotiate lender fees.

Mortgages

Marco Santarelli

APRIL 4, 2025

This yield is a crucial benchmark because it heavily influences the cost of borrowing for things like mortgages, especially the popular 30-year fixed-rate mortgage. To combat inflation, the Federal Reserve might raise interest rates, which in turn pushes mortgage rates higher.

Mortgages

Marco Santarelli

JUNE 26, 2025

State-Specific Regulations: Each state has its own set of regulations governing the mortgage industry, which can impact lender costs and, ultimately, the rates they offer. Credit Score Averages: States with higher average credit scores might see slightly lower rates overall since lenders perceive lower risk.

Mortgages

Marco Santarelli

JUNE 10, 2025

Credit Score Averages: States with higher average credit scores might see lower mortgage rates overall. Average Loan Size: The average loan size in a state can also play a role. State-Level Regulations: Each state has its own unique set of regulations regarding mortgages.

Mortgages

Marco Santarelli

APRIL 5, 2025

Mortgage rates, particularly for 30-year fixed-rate mortgages, often follow the trend of these Treasury yields. So, as tariffs and trade concerns create economic uncertainty, pushing investors towards bonds, we often see a corresponding decrease in mortgage rates.

Mortgages

Marco Santarelli

MARCH 6, 2025

Because they directly impact how much you'll pay each month and over the life of your loan! Refinance Rates: A Quick Glance Considering a refinance? Decoding Mortgage Jargon: What Does It All Mean? Let's be real, the mortgage world is full of confusing terms. Always compare APRs when shopping for a mortgage!

Mortgages

Real Estate News

JUNE 5, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Shutterstock By the Numbers Sellers start holding back as market demand drags Mortgage rates ticked down slightly this week, but lower rates may not be enough to motivate buyers as affordability continues posing challenges. In comparison, 4.2

Marketing

Marco Santarelli

APRIL 10, 2025

If this trend continues, we may soon see rates surpass the 7% threshold for the first time in nearly a year. This spike in rates impacts both new homebuyers and those considering refinancing their existing loans. A worry about tariffs has led to a rise in rates , primarily due to bond market instability.

Fixed-rate mortgage

Marco Santarelli

MAY 22, 2025

States with higher average credit scores might see slightly better rates overall. Average Loan Size: The size of the average mortgage loan can also impact rates. Larger loan amounts sometimes come with different risk profiles for lenders. Shop Around: Don't just settle for the first rate you're offered.

Mortgages

Marco Santarelli

JULY 10, 2025

Credit Score Averages: States with higher average credit scores tend to see slightly lower rates overall. Average Loan Size: Believe it or not, the average loan size in a state can also impact rates. Larger loan amounts might be viewed differently by lenders. Rate locks usually last for 30 to 60 days.

Mortgages

Marco Santarelli

JULY 30, 2025

Refinance rates for 30-year fixed loans are just a smidge higher than last week at 7.09%. Meanwhile, 15-year mortgage rates inched up slightly for purchases but went down a bit for refinancing. Down 0.01% 20-Year Fixed 6.61 Up 0.34% 15-Year Fixed 5.90 No change 10-Year Fixed 5.94 Down 0.01% 7.31

Mortgages

Marco Santarelli

MARCH 10, 2025

Heres a detailed overview of the current mortgage rates: Loan Type Current Rate (%) 30-year Fixed 6.31 20-year Fixed 6.06 15-year Fixed 5.63 FHA Loans 30-year 6.01 Here are the average refinance rates: Loan Type Current Rate (%) 30-year Fixed 6.33 20-year Fixed 6.09

Debt-to-income ratio

Housing Wire

JANUARY 12, 2022

Joel Kan, associate vice president of economic and industry forecasting at the MBA, said in a statement that the increase in mortgage rates is curtailing refinance activity. Mortgage rates increased significantly across all loan types last week as the Federal Reserve ’s signaling of tighter policy ahead pushed U.S.

Loans

Housing Wire

MARCH 3, 2021

8, but a week of normalized weather brought numbers back up, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. That is despite the fact that the 30-year fixed rate experienced its largest single-week increase in almost a year, reaching 3.23%. of total applications from 68.5%

Fixed-rate mortgage

Housing Wire

JANUARY 13, 2021

The jump underlines the seasonality behind last week’s decreas e in mortgage rates, as well as the expectation of additional fiscal stimulus from the incoming administration, per MBA Associate Vice President of Economic and Industry Forecasting Joel Kan. The seasonally adjusted purchase index increased 8% after a 0.8%

Fixed-rate mortgage

Housing Wire

JUNE 2, 2021

This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. The overall housing index hit its lowest point since February, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Fixed-rate mortgage

Housing Wire

MAY 26, 2021

. “Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The post Mortgage applications decrease 4% appeared first on HousingWire.

Fixed-rate mortgage

Housing Wire

DECEMBER 16, 2020

Homeowners once again acted on the decline in rates, with refinance activity rising for the second straight week and up 105% from a year ago,” Kan said. He added that purchase applications rose for the sixth straight week to the highest levels since June.

Fixed-rate mortgage

Housing Wire

OCTOBER 12, 2023

To that end, the CHLA, NAR and ICBA urged that the Federal Reserve shift its policy to maintain its stock of mortgage-backed securities (MBS) and suspend runoff until liquidity and the spread between the 30-year fixed rate mortgages and 10-year Treasury stabilizes.

Fixed-rate mortgage

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. Nearly 90% of VA-backed loans are made with no down payment.

Industrial

Housing Wire

JULY 14, 2021

The sudden increase in applications was driven “heavily” by increased refinancing as mortgage rates dipped again, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Mortgage applications jump 16% appeared first on HousingWire.

Fixed-rate mortgage

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. The topic of the panel discussion: “What’s New in Non-Agency?”. “I

Industrial