Marco Santarelli

JUNE 20, 2025

The 15-year fixed refinance rate also saw a bump, inching up to 6.04%. Here's my take on it: Assess Your Current Situation: Start by looking at your existing mortgage. What's your current interest rate, loan term, and monthly payment? For example, are you paying on an interest rate higher than 8%?

Mortgages

Redfin

APRIL 11, 2025

But with renovation costs on the rise, demand for move-in-ready homes is starting to outpace that of fixer-uppers. 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.

Marketing

Marco Santarelli

JUNE 17, 2025

When securing a 30-year fixed mortgage, this rate means you would pay 6.93% interest over the life of the loan. For a shorter-term option, the 15-year fixed mortgage rate remains stable at 6.01% , appealing for buyers looking to pay off their loans faster.

Mortgages

Marco Santarelli

JUNE 23, 2025

Mortgage Refinance Rates Today ( June 23, 2025) Fall 6 Bps Understanding the Refinance Rate Dip A drop of 6 basis points might seem small, but it can make a difference over the life of a loan. The Trend: Compared to last week, the 30-year fixed refinance rate is down 5 basis points from an average of 7.16%.

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

Marco Santarelli

MARCH 25, 2025

Fixed Mortgages vs. Variable Rents: This is a big one that often gets overlooked. When you buy a home with a fixed-rate mortgage , your principal and interest payment stays pretty much the same for the life of the loan. You can renovate, decorate, and put down roots in your community.

Equity

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 28, 2025

When investors are nervous, they tend to flock to safer assets like bonds, which can push yields lower and, consequently, mortgage rates. Comparing Refinance Rates by Loan Type It's not just about the 30-year fixed rate. Different loan types have their own dynamics.

Mortgages

Marco Santarelli

JUNE 17, 2025

When securing a 30-year fixed mortgage, this rate means you would pay 6.93% interest over the life of the loan. For a shorter-term option, the 15-year fixed mortgage rate remains stable at 6.01% , appealing for buyers looking to pay off their loans faster.

Mortgages

Marco Santarelli

JUNE 27, 2025

Today's 5-Year Adjustable Rate Mortgage Drops Slightly to 7.54% – June 27, 2025 Understanding the 5-Year Adjustable Rate Mortgage (ARM) An Adjustable Rate Mortgage isn't as scary as it sounds. This translates to lower monthly payments during the initial fixed-rate period.

Fixed-rate mortgage

Housing Wire

OCTOBER 5, 2023

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide.

Loans

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

Renovation

Housing Wire

JANUARY 5, 2024

A buyer who might have qualified for a $400,000 mortgage may now qualify for a $350,000-$375,000 mortgage when interest rates rise. Buyers who still qualify for their target home loan might decide to look for smaller or more affordable properties in order to maintain their monthly housing budget.

Fixed-rate mortgage

Housing Wire

APRIL 14, 2022

.” The gulf between the average 30-year-fixed rate conforming mortgage and a 30-year jumbo, a product for wealthier borrowers, widened to 42 basis points, according to Black Knight ‘s Optimal Blue OBMMI pricing engine, which considers refinancings and additional data from the Mortgage Bankers Association (MBA).

Mortgages

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. Instead, they’ll be seeking to renovate their homes.”.

Loans

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

AUGUST 15, 2022

HELOCs allow homeowners to tap the equity in their home without incurring a much higher first-lien mortgage via a cash-out refinancing. The interest rate for a 30-year, fixed-rate mortgage averaged 5.22% as of August 11, according to Freddie Mac’s most recent weekly Primary Mortgage Market Survey.

Equity

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. HELOCs offer flexibility.

Equity

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. HELOCs offer flexibility.

Equity

Housing Wire

APRIL 8, 2021

By contrast, if you purchase a home through a fixed-rate mortgage, the amount of your monthly loan payment won’t increase over the term of the loan – which may provide a greater sense of financial stability and control. We all crave a space to call our own, along with the autonomy to choose how to make it our own.

Equity

Housing Wire

MARCH 10, 2023

Among the nonbanks that either have or plan to introduce HELOC loan products are United Wholesale Mortgage , Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp. The Fed report is a measure of loan balances, not originations.) “The rebranded as Rithm Capital ).

Equity

Marco Santarelli

AUGUST 3, 2024

For many, the allure of a fixed-rate mortgage lies in its predictability – consistent monthly payments and the comfort of knowing your interest rate won't fluctuate. However, life throws curveballs, and sometimes circumstances may force you to reconsider your mortgage strategy.

Fixed-rate mortgage

Realty Biz

JULY 19, 2021

If you refinance your mortgage, you can reduce your monthly outgoings, change the loan terms, or use the equity you have to provide money when you need it. Everyone has different reasons for wanting to refinance a mortgage. Changing the Loan Term. Moving From an Adjustable-Rate to a Fixed-Rate Mortgage.

Mortgages

Realty Biz

MARCH 5, 2021

The Rehab Mortgage Insurance program helps protect buyers from relying on improvement loans with high-interest rates and short repayment times. Part of the loan goes toward paying the seller, while the rest is placed into an escrow account and released to the buyer as renovations are completed.

Closing costs

HomeLight

MARCH 11, 2022

The minimum down payment for a conventional loan is 3%, but Massachusetts buyers typically offer more than that. As throughout the country, a 20% down payment will help you avoid mortgage insurance on your loan, and the more you can pay upfront, the more likely you are to get the home you want. and 4% of your total loan amount.

Closing costs

Point2Homes

AUGUST 28, 2020

Last year, millennials accounted for more than half of all new home loans. After the 2007-09 recession, there was plenty of speculation that millennials would likely be stuck renting for the majority of their lives, as they dealt with the aftermath of the foreclosure crisis and their student loan debt. Effect on Economy Overall.

Fixed-rate mortgage

Realtor.com

AUGUST 28, 2020

Millennials reached a housing milestone early last year when the group first accounted for more than half of all new home loans, and they consistently held above that level in the first months of this year, the most recent period for which data are available, according to Realtor.com.

Marketing

The Close

DECEMBER 5, 2024

The average cost of flipping a house varies depending on the property location, type, and degree of the required renovations. To answer how much does it cost to flip a house, you’ll need to add four main costs: acquisition, renovation, carrying, and selling. In addition, remember to apply the 70% rule.

House Flipping

Marco Santarelli

JULY 5, 2024

Mortgage Market Trends Another significant factor affecting the housing market is the mortgage industry. Here’s an overview of recent trends: Fixed-Rate Mortgages : These remain the most popular option, especially in high-rate environments, as they offer predictability in monthly payments.

Marketing

Realty Biz

OCTOBER 10, 2022

You’ll need to show that you can afford to make the mortgage payments each month, although lenders will often allow you to count some of your potential rental income towards your total income for the purposes of getting the loan. You’ll also need a stellar credit rating to get a mortgage loan for a rental property.

Mortgages

Norada Real Estate

JUNE 22, 2022

Among them, non-recourse loans, hard money loans, and private loans are the most popular. In a conventional mortgage, the down payment is the smallest and the rate of interest is also lower. In the case of a Non-Recourse Loan, the investor puts an asset forward. Financing Turnkey Rental Properties With Loan.

Finance

Marco Santarelli

JUNE 27, 2024

For aspiring homeowners, the question of mortgage rates looms large. In June, Freddie Mac reported a welcome dip in the average 30-year fixed rate mortgage (FRM) to 6.86%, the lowest level in nearly three months. Here, we delve into the predictions of experts and unpack the factors influencing these rates.

Mortgages

Marco Santarelli

SEPTEMBER 18, 2024

The recent decision by the Federal Reserve to implement its first interest rate cut in four years carries significant weight, especially for consumers interested in loans, whether they are for homes, vehicles, or other major purchases. For over a year, interest rates have been at their highest point in 23 years!

Loans

HomeLight

JUNE 21, 2023

There’s also the benefit of knowing exactly how much your house payment will be every month with no threat of it increasing over time if you got a fixed-rate mortgage. It varies state by state, but the national average of property tax rates on a home value of $250,000 is 1.08%, or $2,700 a year, as of February 2020.

Equity

HomeLight

JULY 29, 2022

Whether it’s a vacation home or your forever home, buying a property at a lower price than what you can later sell it for, either with natural market appreciation or through renovations that increase your home’s value , clears you of any remaining owed balance and leaves you turning a profit. Customization/renovation to meet needs later on.

Purchase and sale agreement

Marco Santarelli

AUGUST 8, 2024

Here are some scenarios where refinancing could be beneficial: Homeowners with Existing Mortgages Above 6% : If you currently have a 30-year fixed rate mortgage at 7.5% , refinancing to a 30-year fixed rate at 6.56% can result in substantial monthly savings. Conclusion: The Right Move?

Mortgages

Marco Santarelli

APRIL 20, 2024

Getting pre-approved for a mortgage gives you a clear picture of your affordability range and strengthens your offer. Consider Adjustable-Rate Mortgages (ARMs): ARMs offer a lower initial interest rate compared to fixed-rate mortgages. Emphasize these features in your marketing materials.

Marketing