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

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

MAY 21, 2025

State-Level Regulations: Each state has its own set of rules and regulations regarding mortgage lending. These regulations can impact the cost of doing business for lenders, which they may pass on to borrowers in the form of higher rates. A booming economy might lead to higher demand for housing, potentially pushing rates up.

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

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 27, 2025

This typically indicates a cautious approach to monetary policy, limiting any dramatic shifts in mortgage rates in the near future. To illustrate how these rates translate into real-world costs, lets consider a $400,000 mortgage loan. An Example Calculation: What Does This Mean for Home Buyers?

Mortgages

Marco Santarelli

JULY 25, 2025

Credit Score Averages: States with higher average credit scores may see slightly lower rates overall, as lenders perceive less risk. Average Loan Size: The size of the average mortgage in a state can also affect rates. For example, states with higher property values tend to have larger loan sizes.

Mortgages

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%. These yields can exert upward pressure on mortgage rates.

Mortgages

Marco Santarelli

MAY 24, 2025

Federal Reserve Policies : The Federal Reserve's decisions regarding interest rates and quantitative easing have significant effects on lending rates. For instance, if the Fed signals a tightening of monetary policy, mortgage rates may increase. How do I secure the best mortgage rate?

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

Marco Santarelli

JUNE 30, 2025

Mortgage Rates Today June 30, 2025: 30-Year Fixed Rate Rises on Monday Key Takeaways 30-Year Fixed Mortgage Rate: The average 30-year fixed mortgage rate is 6.79%. Refinance Rates Increased: The national average for a 30-year fixed refinance rate is 7.04%.

Fixed-rate mortgage

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

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

FEBRUARY 23, 2025

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. Your interest rate stays the same for the entire loan term. However , they also come with more risk.

Mortgages

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

Marco Santarelli

MARCH 17, 2025

Here's a snapshot of the average mortgage rates you can expect today: 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% Source: Zillow It's worth noting that these are national averages.

Mortgages

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

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

MARCH 20, 2025

30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible. 30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible. Refinance Rates: What's on Offer Today?

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. State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help.

Purchase and sale agreement

Marco Santarelli

MARCH 18, 2025

Economic Uncertainty: Continues to contribute to rate volatility. Keep in mind that these rates are national averages, and what you actually qualify for can depend on factors like your credit score, down payment, and overall financial situation. The Fed is not expected to cut the federal funds rate at this particular meeting.

Mortgages

Marco Santarelli

MAY 15, 2025

This significant change indicates that prospective borrowers are facing higher costs for new loans and refinancing options, which could slow down the housing market's overall growth. Furthermore, while analyzing mortgage trends, it is essential to recognize how external factors, such as recent tariff agreements between the U.S.

Mortgages

Norada Real Estate

JULY 28, 2025

Mortgage rates represent the interest charged on home loans. Today’s rates are slightly higher compared to last week, reflecting ongoing uncertainty in inflation and Federal Reserve actions. Meanwhile, the 15-year fixed refinance rate saw a small decrease, offering some relief for those targeting shorter loan terms.

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. Maybe I don’t know how to look at the unemployment rate anymore, from an economic standpoint, but regardless, that 6.9% (a) The fact that I have every G.I.

Fixed-rate mortgage

Marco Santarelli

MAY 2, 2025

More competition usually means better rates for you! Credit Scores: The average credit score within a state can influence rates. States with higher average credit scores might see slightly lower rates overall. Average Loan Size: This one is pretty straightforward. Rates hit a two-year low of 5.89%.

Mortgages

Marco Santarelli

JUNE 26, 2025

Average Loan Size: The average loan size within a state, coupled with loan limits, might influence rates. Larger loan amounts sometimes come with slightly different pricing structures. Risk Management Variation : A lender's internal appetite for risk can result in rate differences.

Mortgages

Marco Santarelli

JUNE 1, 2025

As of June 1, 2025, today's mortgage rates show a notable decrease for 30-year fixed loans, which are now at 6.77% , down by seven basis points. Conversely, the 15-year fixed mortgage rates have risen slightly to 6.02%. Offers stability and predictabilityyour monthly payments do not change.

Mortgages

Norada Real Estate

JUNE 6, 2025

These differences can affect the costs and risks associated with lending, ultimately influencing the rates offered. States with higher average credit scores might see slightly lower rates. Average Loan Size: The average loan amount also matters. Risk Management Strategies: Every lender assesses risk differently.

Mortgages

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. Consider Different Loan Types: Explore options like fixed-rate mortgages (FRMs) and adjustable-rate mortgages (ARMs).

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

JULY 4, 2025

Here's a quick rundown: Faster Equity Building: You pay off your home in half the time compared to a 30-year mortgage. Lower Interest Paid Over the Life of the Loan: Because you're paying it off faster, you save a significant amount on interest. This can translate to tens of thousands of dollars over the life of the loan.

Mortgages

Marco Santarelli

JUNE 25, 2025

Understanding the nuances of ARMs can save you money and help you make a smarter financial decision when choosing a mortgage. Understanding Adjustable Rate Mortgages (ARMs) What is an ARM? An Adjustable Rate Mortgage (ARM) is a type of home loan where the interest rate is not fixed for the entire loan term.

Fixed-rate mortgage

Marco Santarelli

JULY 6, 2025

Here's a quick rundown: Faster Equity Building: You pay off your home in half the time compared to a 30-year mortgage. Lower Interest Paid Over the Life of the Loan: Because you're paying it off faster, you save a significant amount on interest. This can translate to tens of thousands of dollars over the life of the loan.

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

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

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. Shop around for the best rates.

Mortgages