Marco Santarelli

MAY 21, 2025

If there are only a few lenders in a state, they might not need to offer the most competitive rates. State-Level Regulations: Each state has its own set of rules and regulations regarding mortgage lending. Average Credit Scores: States with higher average credit scores generally see lower mortgage rates.

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

NOVEMBER 29, 2024

After extremely low rates during the pandemic, we've seen a significant increase, primarily driven by rising inflation and the Federal Reserve's efforts to manage it. As of late 2024, the average rate for a 30-year fixed-rate mortgage is around 6.78%.

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

MAY 27, 2025

For instance, while a 15-year loan will result in a higher monthly payment, overall interest payments are dramatically lower than they would be with a 30-year mortgage. Fixed-Rate vs. Adjustable-Rate Mortgages In the mortgage world, borrowers often face a choice between fixed-rate and adjustable-rate mortgages (ARMs).

Mortgages

Marco Santarelli

MAY 24, 2025

A rise in Treasury yields typically leads to a corresponding increase in mortgage rates. Federal Reserve Policies : The Federal Reserve's decisions regarding interest rates and quantitative easing have significant effects on lending rates. Ideal for homeowners planning to stay in their homes long-term.

Mortgages

Marco Santarelli

JANUARY 11, 2025

Consequently, they demand higher returns on investments, which inevitably filters down to consumers through increased lending costs. As a counteraction to inflation fears, mortgage lenders have adjusted rates upwards, further complicating the homebuying process.

Mortgages

Marco Santarelli

APRIL 23, 2025

The Fed sets the federal funds rate, which is the rate banks charge each other for overnight lending. While mortgage rates aren't directly tied to the federal funds rate, they tend to follow the same trends. Mortgage rates tend to track the 10-year Treasury yield closely.

Mortgages

Marco Santarelli

FEBRUARY 23, 2025

. $500,000 Mortgage: Expect to pay around $3,160.35 Fixed vs. Adjustable Mortgage: Which is Right for You? Choosing the right mortgage type is crucial. Here's a quick rundown of the two main options: Fixed-Rate Mortgages: The security blanket of mortgages.

Mortgages

Norada Real Estate

JULY 3, 2025

Future Projections : Experts anticipate rates may stabilize or see minor fluctuations in the upcoming months. Understanding Mortgage Rates A mortgage rate is the revolving interest that banks charge for lending money to homebuyers for purchasing real estate.

Loans

Marco Santarelli

JULY 11, 2025

As of today, July 11, 2025, mortgage rates are on the rise , with national averages for 30-year fixed mortgage rates climbing to 6.83% from 6.81% the previous day. The increase follows a period of relative stability in the mortgage market.

Fixed-rate mortgage

Marco Santarelli

JULY 25, 2025

Average Loan Size: The size of the average mortgage in a state can also affect rates. State Regulations: Mortgage lending is regulated at both the federal and state levels. Some states may have more stringent requirements or consumer protection laws, which can influence lender behavior and, ultimately, rates.

Mortgages

Marco Santarelli

JUNE 10, 2025

Fixed-rate mortgages, as mentioned earlier, provide stability, while ARMs often start with lower rates that may increase after a predetermined period. For instance, a 7-year ARM may offer a low rate initially, but future adjustments can lead to higher payments once the adjustment period expires.

Mortgages

Marco Santarelli

JUNE 30, 2025

VA loans saw minor increases, while the 15-year fixed rate for FHA loans saw a significant decrease of 0.71%. These fluctuations highlight the specific dynamics within government-backed lending. FRM (Fixed-Rate Mortgage) vs Adjustable-Rate Mortgage (ARM): Which to Choose?

Fixed-rate mortgage

Norada Real Estate

JUNE 12, 2025

As of June 12, 2025, the average rate for a 30-year fixed mortgage is now 6.76% , while the 15-year fixed rate has dropped to 5.96%. These changes reflect a positive shift in the lending environment, giving potential homebuyers and those looking to refinance a bit of breathing room.

Mortgages

Toronto Realty Blog

MAY 22, 2025

b) The fact that I have a running spreadsheet with monthly inflation, unemployment, and BOC lending rates, and I update it every single month like clockwork. ” Yes, I’m like everybody else who wants to see lower interest rates. Then look at the proportion of people taking a 3-year or 4-year fixed rate mortgage.

Fixed-rate mortgage

Marco Santarelli

JULY 3, 2025

Looking to buy a home or refinance your mortgage? The mortgage rates today are a crucial piece of the puzzle. As of July 3, 2025, the national average for a 30-year fixed-rate mortgage is hovering around 6.79%. But did you know rates can vary quite a bit from state to state?

Mortgages

Norada Real Estate

JUNE 14, 2025

Mortgage Type Current Rate 1-Week Change 1-Year Change Monthly Average 52-Week Average 52-Week Range 30-Year Fixed Rate Mortgage 6.84% -0.01 -0.11 6.86% 6.69% 6.08% – 7.04% 15-Year Fixed Rate Mortgage 5.97% -0.02 -0.20 Seeing the numbers helps put things in perspective.

Mortgages

Marco Santarelli

MARCH 17, 2025

The rate you personally qualify for can vary based on factors like your credit score, down payment amount, the type of property you're buying, and even where you live. The Popular 30-Year Fixed-Rate Mortgage The 30-year fixed-rate mortgage is still the most common choice for homebuyers, and for good reason.

Mortgages

Marco Santarelli

JULY 11, 2025

As of today, July 11, 2025, mortgage rates are on the rise , with national averages for 30-year fixed mortgage rates climbing to 6.83% from 6.81% the previous day. The increase follows a period of relative stability in the mortgage market.

Fixed-rate mortgage

Redfin

JULY 31, 2025

Adjustable-Rate Mortgage (ARM): Starts with a lower fixed rate, then adjusts based on market trends. ARMs can help you save early on, but carry the risk of rate increases. Fixed-Rate Mortgage: Offers predictable monthly payments and a stable interest rate for the loan’s duration.

Purchase and sale agreement

Marco Santarelli

MAY 15, 2025

Types of Mortgages Explained When considering the available mortgage options, it is important to understand the distinctions between different loan types: Fixed-Rate Mortgages: These loans offer a stable interest rate throughout the life of the loan, making budgeting much easier for homeowners.

Mortgages

Marco Santarelli

MARCH 20, 2025

30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible. The Purchase Rate vs. Refinance Rate Dynamic: It's not uncommon for refinance rates to be slightly higher than purchase rates.

Mortgages

Marco Santarelli

MARCH 18, 2025

One of the ways the Fed influences the economy is by setting the federal funds rate, which is the interest rate at which banks lend money to each other overnight. While the federal funds rate doesn't directly determine mortgage rates, it does impact the broader interest rate environment.

Mortgages

Norada Real Estate

JULY 28, 2025

Today’s rates are slightly higher compared to last week, reflecting ongoing uncertainty in inflation and Federal Reserve actions. The 30-year fixed-rate mortgage is the most popular loan product among homebuyers because it offers predictability with stable monthly payments over three decades. Realtor.com 6.5%-6.7%

Mortgages

Marco Santarelli

JUNE 26, 2025

These states often have a combination of strong economies, competitive lending environments, and stable real estate markets, which contribute to their lower average mortgage rates. Rhode Island: Small geographic location, Rhode Island's economy could be limiting competition, which means that there are higher rates.

Mortgages

Marco Santarelli

MAY 2, 2025

As of today: The national average for a 30-year fixed-rate mortgage for new purchases is around 6.88%. Rates jumped up in early April, hitting a high of 7.14% the highest since May 2024. Tennessee: A growing real estate market and a business-friendly environment are helping to keep rates attractive in Tennessee.

Mortgages

Marco Santarelli

JULY 4, 2025

4.14% (Close: 4.02%) – Rates at about 4% June: 3.72-4.02% Key Takeaway for 2029: Rates gradually increase. Federal Reserve (The Fed): The Fed's monetary policy has a huge impact on interest rates. The Fed influences rates by setting the federal funds rate (the rate at which banks lend to each other overnight).

Mortgages

Marco Santarelli

JUNE 25, 2025

Here's my expert perspective: Inflation: Persistent inflation can drive up interest rates across the board. As the cost of goods and services rises, lenders may increase rates to protect their returns. Inflation eats into money, so you can't expect them to keep lending at the same rate.

Fixed-rate mortgage

Marco Santarelli

MAY 5, 2025

It acts as the central bank of the United States, and one of its primary tools is setting the federal funds rate. Compare rates from at least three different lenders. Consider Different Loan Types: Explore options like fixed-rate mortgages (FRMs) and adjustable-rate mortgages (ARMs).

Mortgages

Norada Real Estate

JUNE 6, 2025

State-Level Regulations: Mortgage regulations vary from state to state. These differences can affect the costs and risks associated with lending, ultimately influencing the rates offered. When many lenders are competing for your business, you're more likely to score a lower rate.

Mortgages

Marco Santarelli

JULY 6, 2025

4.14% (Close: 4.02%) – Rates at about 4% June: 3.72-4.02% Key Takeaway for 2029: Rates gradually increase. Federal Reserve (The Fed): The Fed's monetary policy has a huge impact on interest rates. The Fed influences rates by setting the federal funds rate (the rate at which banks lend to each other overnight).

Mortgages

Marco Santarelli

APRIL 24, 2025

One of its main jobs is to keep the economy stable by managing interest rates. They do this by setting the federal funds rate, which influences what banks charge each other for lending money overnight. This, in turn, affects other interest rates throughout the economy.

Mortgages

Marco Santarelli

JUNE 1, 2025

Adjustable-Rate Mortgages To choose the right type of mortgage for your situation, lets break down the differences between fixed-rate and adjustable-rate mortgages (ARMs): Fixed-Rate Mortgages: Your interest rate remains the same throughout the loan period.

Mortgages

Marco Santarelli

JUNE 10, 2025

Larger loan sizes might be seen as riskier, or they might allow lenders to offer slightly lower rates because of the higher overall revenue. State-Level Regulations: Each state has its own unique set of regulations regarding mortgages. Check your credit report and take steps to improve your score before applying for a mortgage.

Mortgages

Marco Santarelli

MAY 4, 2025

The Fed sets the federal funds rate, which is the rate banks charge each other for overnight lending. While mortgage rates aren't directly tied to the federal funds rate, they tend to follow the same trends. Mortgage rates tend to track the 10-year Treasury yield closely.

Mortgages

Marco Santarelli

MAY 22, 2025

National Average: The national average for a 30-year fixed-rate mortgage is currently at 7.11%, showing a slight increase due to bond market activity influenced by President Trump's proposed tax bill. When the Fed buys bonds, it increases demand, driving prices up and yields (interest rates) down.

Mortgages