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 23, 2025

What the Experts Are Saying About 2025 According to recent data from Freddie Mac , 30-year fixed-rate mortgages are hovering around 6.8% while the 15-year fixed-rate mortgages are around 6%. This is more than double the sub-3% rates seen during the pandemic.

Mortgages

Marco Santarelli

JULY 1, 2025

Breaking Down the Numbers: A Closer Look at July 1, 2025 Mortgage Rates Let's take a deeper dive into the numbers reported by Zillow on July 1, 2025. To properly understand what is happening with the 5-Year ARM , it helps to view it in the context of other common mortgage products.

Fixed-rate mortgage

Marco Santarelli

JULY 8, 2025

As of July 3, 2025, the average 30-year fixed-rate mortgage dipped to 6.67%. Take a look at the numbers: 30-Year Fixed-Rate Mortgage: Current Rate: 6.67% Weekly Change: -0.1% Take a look at the numbers: 30-Year Fixed-Rate Mortgage: Current Rate: 6.67% Weekly Change: -0.1%

Mortgages

HomeLight

MARCH 26, 2025

If youre finding it difficult to sell your home in the current market, buying down the interest rate for buyers may be a solution. By helping reduce the buyers loan rate at least temporarily you can make your property more attractive without lowering your asking price. How does buying down the interest rate work?

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

The first step to buying a house in New York is to assess your financial readiness and get pre-approved for a mortgage. Pro Tip: Setting aside enough for a solid down payment can result in better loan terms and reduced monthly payments. These include fees for obtaining the loan and transferring ownership.

Purchase and sale agreement

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

Redfin

JULY 31, 2025

Lean on trusted experts: A great real estate agent, lender, and the right loan choice are key. Don’t ignore your credit history Your credit history impacts mortgage eligibility and the interest rate you’ll receive. What to do instead: Before applying for a mortgage, review your credit report.

VA loan

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

APRIL 18, 2025

If you plan to move or refinance before the rate adjusts, or if you believe that interest rates will fall in the future, an ARM could save you money in the short term. But if you're looking for stability and predictability, a fixed-rate mortgage is generally a safer bet. A year ago, rates averaged 7.1%.

Fixed-rate mortgage

Redfin

JULY 31, 2025

They cover topics like budgeting, building credit, mortgage options, house hunting, and closing. If you’re unsure where to start, check with HUD-approved counseling agencies, non-profit organizations, and local housing authorities to find available courses. FHA Loan: Designed for buyers with lower credit scores.

Purchase and sale agreement

Marco Santarelli

MARCH 23, 2025

Market Speculation: There's optimism for further potential drops in rates due to economic factors. Rate Variations: Understand how rates vary by loan type and borrower eligibility. Here's a breakdown of the estimated monthly payments based on various loan amounts at these current average rates.

Mortgages

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

JUNE 4, 2025

For those looking to finance a home or considering a refinance, understanding these current mortgage trends is crucial. Let's dive deeper into the specifics of today's rates across different loan types and explore what these numbers mean for you. 15-year fixed mortgage rates have also seen a small increase, reaching 5.99%.

Loans

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 30, 2025

Additional qualifications Loans and programs Benefits of being a first-time homebuyer What are the next steps? Credit score A credit score of 620 or higher is ideal for most programs, greatly impacting your eligibility and the interest rates. down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S.

Debt-to-income ratio

Redfin

APRIL 11, 2025

When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord. Owning a home can also bring more financial stability , especially with a fixed-rate mortgage, as it offers predictable monthly payments, compared to rent, which can rise.

Marketing

Marco Santarelli

JULY 4, 2025

Here's the good news: Mortgage rates have dropped significantly this week , giving potential homebuyers a much-needed boost of optimism. The average 30-year fixed-rate mortgage is down to 6.67% , the most substantial drop since early March. Here's my advice: Get Pre-Approved: This is always the first step.

Fixed-rate mortgage

Marco Santarelli

FEBRUARY 16, 2025

Todays Mortgage Rates February 16, 2025: Rates Hold Steady Key Takeaways Current Average Rates : 30-Year Fixed : 6.53% 15-Year Fixed : 5.87% Adjustable Rates : Competitive 5/1 and 7/1 ARMs at 6.45% and 6.40%. per month (Principal & Interest) 15-Year Fixed (5.87%) : Approximately $1,296.19

FHA loan

Norada Real Estate

JUNE 7, 2025

Breaking Down the Different Loan Types It's important to remember that not all mortgage rates are created equal. Notably, FHA loans have seen a more significant jump in their 30-year fixed rate. However, for the most common 30-year fixed refinance , rates have also risen to 7.31%.

Mortgages

Marco Santarelli

MAY 4, 2025

What the Experts Are Saying About 2025 According to recent data (as of May 1, 2025) from Freddie Mac , 30-year fixed-rate mortgages are hovering around 6.83% while the 15-year fixed-rate mortgages are around 5.92%. This is more than double the sub-3% rates seen during the pandemic.

Mortgages

Marco Santarelli

JUNE 11, 2025

As of early June 2025, the 30-year fixed-rate mortgage (FRM) is hovering around 6.85%. Focus on affordability: Instead of solely focusing on the interest rate, concentrate on what monthly payment fits comfortably within your budget. Being pre-approved for a mortgage can give you an edge.

Mortgages

Marco Santarelli

APRIL 3, 2025

This decline is relevant for both new mortgage borrowers and those considering refinancing their existing loans. With this in mind, lets explore current rates, what they mean for you, and the broader economic context shaping these changes. Refinance Rates: Average rate for 30-year fixed refinance is about 6.48%.

Mortgages

Marco Santarelli

JULY 31, 2025

Here's a bit of historical context to give you a better perspective: The Long-Term Average: Since 1971, the average interest rate for a traditional 30-year fixed mortgage has hovered around 7.74%. Mortgage Payoff (Tenant Pays) : Divided by 30 years, that amounts to your tenant paying an average of $5,333.34

Mortgages

The Mortgage Report

JUNE 12, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Will Mortgage Rates Go Down After the June Fed Meeting?

FHA 203k rehab loan

The Mortgage Report

JULY 22, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Will Mortgage Rates Go Down After the July Fed Meeting?

FHA 203k rehab loan

The Mortgage Report

JUNE 18, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? What’s Next for Home Buyers?

FHA 203k rehab loan

The Mortgage Report

JULY 30, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Time to make a move?

FHA 203k rehab loan

Housing Wire

DECEMBER 22, 2020

Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. There are two types of mortgages: fixed-rate and adjustable-rate. Fixed-rate mortgages have a set interest rate for the entirety of the loan. Pre-approval.

Fixed-rate mortgage

Housing Wire

MARCH 23, 2023

An increase in MBA’s PAPI – indicative of declining borrower affordability conditions – means that the mortgage payment to income ratio is higher due to increasing application loan amounts, rising mortgage rates or a decrease in earnings. The MBA projects the 30-year fixed rate mortgage to drop to an average of 5.3%

Mortgages

Housing Wire

FEBRUARY 14, 2024

Soft credit pulls are a critical tool that our member mortgage loan originators use to work with underserved borrowers — particularly borrowers with credit blemishes — to improve their credit score and ultimately obtain a pre-qualification or an actual mortgage loan,” the CHLA wrote in a letter to the three credit bureaus on Wednesday.

Pre-qualification

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. mortgage industry to fund $4.1 Labor Department.

Marketing

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. homeowners with mortgages have an interest rate below 6%, according to Redfin.

Loan Officer

Housing Wire

SEPTEMBER 22, 2022

Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment. Will Savage, a loan originator at PMC Mortgage , sees many pre-approved clients having to get reapproved for a mortgage based on the rate increases. .”

Mortgages

Realtor.com

APRIL 30, 2021

If you’re raring to buy a home , chances are you’ll need a mortgage. But which kind of mortgage should you get? Home loans aren’t one size fits all, but come in a variety of forms to suit home buyers in different circumstances. So what’s the difference between these two types of home loans? Fixed-rate mortgage.

Fixed-rate mortgage

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 UWM’s loan production income of $296.5

Loan Officer

Housing Wire

JUNE 6, 2024

The government-sponsored enterprise (GSE) also thinks the Federal Housing Finance Agency ( FHFA ) will encourage it to offer single-family, closed-end second mortgages if a Freddie Mac product under analysis is approved. Nunes: Some good news for lenders in Q1 2024 was that their loss on each loan is narrowing. And some are.

Mortgages