Marco Santarelli

MARCH 29, 2025

According to the latest data from Zillow, the trend we've seen since the start of 2025 of slightly decreasing mortgage rates continues today. For those in the market to purchase a new home, this small reduction in rates can translate to modest savings over the life of the loan.

Mortgages

Marco Santarelli

DECEMBER 26, 2024

To grasp the concept of mortgage rates, it's important to note that these rates represent a fee for borrowing money, expressed as a percentage. There are mainly two types of mortgage rates: Type Description Fixed-Rate Mortgages A fixed-rate mortgage maintains the same interest rate for the entire loan duration.

Mortgages

Marco Santarelli

APRIL 12, 2025

As of April 12, 2025, mortgage rates have seen a noticeable increase , reflecting the current volatility in the market. The 30-year fixed mortgage rate rose to 6.90% , while the 15-year fixed rate is now 6.21%. Refinance Rates Rise: The 30-year refinance rate is now 6.91%.

Mortgages

Marco Santarelli

APRIL 1, 2025

If you're in the market to buy a house or thinking about refinancing, there's some welcome news to kick off April. Today's mortgage rates, on April 1, 2025, are showing a decrease , offering a bit of relief for those watching the market closely. Refinance rates are also showing a downward trend today.

Fixed-rate mortgage

Marco Santarelli

MARCH 13, 2025

Here's a detailed look at current averages from Zillow's data: Type of Mortgage Interest Rate (%) 30-year fixed 6.34 20-year fixed 6.11 15-year fixed 5.65 As reflected in the table, the rates have progressed over the last few months. 5/1 ARM 6.38 7/1 ARM 6.79 30-year VA 5.86 15-year VA 5.28 5/1 VA 5.76

Mortgages

Marco Santarelli

MARCH 11, 2025

In the current economic climate, understanding mortgage rates is essential for any potential homebuyer or homeowner considering refinancing. The interplay between current market conditions, Federal Reserve policies, and external economic indicators can create a complex landscape.

Fixed-rate mortgage

Marco Santarelli

DECEMBER 22, 2024

As of December 22, 2024, the average 30-year fixed mortgage rate has increased to 6.67% , marking its highest point since June 2024. Understanding these rates is important for making informed decisions in the housing market, whether you're buying a home or refinancing your current mortgage.

Mortgages

Marco Santarelli

NOVEMBER 1, 2024

Borrowers should expect to pay $658.60 in principal and interest for every $100,000 borrowed. Factors Influencing Today's Mortgage Rates The rise in today's mortgage rates is influenced by several key factors, including: Federal Reserve Decisions : Recently, the Federal Reserve cut interest rates by half a point.

Mortgages

Marco Santarelli

APRIL 22, 2025

For instance, recently, concerns about inflation resulting from market changes have heightened speculation, which can impact how lenders set their rates. Market Volatility : April has been a volatile month for mortgage rates. This example demonstrates the financial implications of different mortgage types.

Mortgages

Marco Santarelli

MAY 3, 2025

Are you thinking about buying a home, or perhaps refinancing your current mortgage? The news you've been waiting for is here: mortgage rates are continuing their downward trend. As of May 1, 2025, the 30-year fixed-rate mortgage has dipped to 6.76% , a welcome change compared to the earlier part of the year.

Debt-to-income ratio

Marco Santarelli

MARCH 14, 2025

Today's Mortgage Rates March 14, 2025: Rates Dip Below 52-Week Average What Are the Current Mortgage Rates? If you're already a homeowner, you might be wondering about refinance rates. You'll encounter two primary types of rates: fixed and adjustable. Alright, let's get straight to the numbers.

Fixed-rate mortgage

Marco Santarelli

APRIL 2, 2025

Refinance Rates: Generally slightly higher than purchase rates, but also reflecting similar downward trends. Adjustable-Rate Mortgages (ARMs): Introductory rates can be attractive, but fixed rates currently look more appealing due to market conditions.

Mortgages

Marco Santarelli

APRIL 7, 2025

This downward trend in mortgage rates presents an opportunity for prospective homebuyers and current homeowners looking to refinance, especially as the spring home-buying season approaches and more homes become available on the market. Refinance Rates also Drop : Average refinance rates for 30-year loans are at 6.43%.

Mortgages

Marco Santarelli

MARCH 31, 2025

This rate environment makes careful shopping and understanding your loan options even more critical. Fixed-rate mortgages (like the 15-year, 20-year, and 30-year options) keep the same interest rate for the entire loan term. ARMs often start with a lower interest rate than fixed-rate loans, which can be appealing.

Mortgages

Norada Real Estate

APRIL 19, 2025

As of April 19, 2025, mortgage rates have increased , reflecting market responses to economic indicators. The average 30-year fixed mortgage rate is now 6.79% , while the 15-year fixed rate has climbed to 6.11%. Higher rates typically lead to increased monthly payments.

Mortgages

Marco Santarelli

APRIL 19, 2025

Mortgage rates today, April 19, 2025, have increased , reflecting market responses to economic indicators. The average 30-year fixed mortgage rate is now 6.79% , while the 15-year fixed rate has climbed to 6.11%. Higher rates typically lead to increased monthly payments.

Mortgages

Marco Santarelli

JUNE 2, 2025

Current Mortgage Rate Overview For individuals looking to purchase a home, understanding the different types of mortgage interest rates available is essential. The most common types are fixed-rate mortgages and adjustable-rate mortgages (ARMs). The health of the U.S.

Mortgages

Marco Santarelli

DECEMBER 11, 2024

Mortgage rates have climbed today as the market anticipates the report from the Consumer Price Index (CPI) set to be released later today. As of December 11, 2024, the national average for the 30-year fixed mortgage rate is 6.26% , while the 15-year fixed rate has risen to 5.62%.

Mortgages

Marco Santarelli

MARCH 17, 2025

Are you keeping an eye on mortgage rates today, March 17, 2025? If you're in the market to buy a home or thinking about refinancing, you're probably wondering what's happening with interest rates. 15-year fixed mortgage rates are hovering near 5.93%.

Mortgages

Marco Santarelli

AUGUST 4, 2025

Both mortgage and refinance rates show moderate decreases, offering potential saving opportunities for buyers and homeowners looking to refinance. These subtle rate drops come amid a Fed policy pause, signaling a market cautiously optimistic about easing borrowing costs later this year.

Mortgages

Marco Santarelli

APRIL 17, 2025

These rates, though still higher than historic lows, are trending down, signaling potential opportunities for those aiming to lock in favorable borrowing costs in a volatile market. Variable-rate loans , like ARMs, remain near 7%, offering alternatives to fixed-rate loans. Why Are Rates Falling Now?

Mortgages

HomeLight

JULY 29, 2025

Save thousands when buying a home HomeLight-recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home. Find a top buyer's agent What is the average mortgage payment?

Mortgages

Marco Santarelli

APRIL 27, 2025

There are several factors at play: Economic Reports : Investors are awaiting crucial economic indicators, including inflation and job reports, which can heavily influence the Federal Reserve's decisions on interest rates. If inflation remains stable, theres a chance rates could drop further.

Mortgages

Marco Santarelli

MARCH 27, 2025

Today's Mortgage Refinance Rates: For homeowners considering a refinance, understanding the prevailing rates is equally important. Understanding How Mortgage Rates Function At its core, a mortgage interest rate is the cost you pay for the privilege of borrowing money from a lender. housing market.

Mortgages

Marco Santarelli

JANUARY 21, 2025

Today's mortgage rates on January 21, 2025, have witnessed a modest increase across various loan types, providing crucial insights for potential buyers and current homeowners. Specifically, the average rates for 30-year fixed, 15-year fixed, and adjustable-rate mortgages have risen.

Mortgages

Marco Santarelli

JUNE 30, 2025

For instance, the 20-year fixed rate dropped by 0.21%, while the 10-year fixed rate rose by 0.09%. This demonstrates that different loan terms can react uniquely to market conditions. FRM (Fixed-Rate Mortgage) vs Adjustable-Rate Mortgage (ARM): Which to Choose?

Fixed-rate mortgage

Marco Santarelli

FEBRUARY 26, 2025

Are you glued to your screen, constantly refreshing to find out today's mortgage rates ? As of February 26, 2025, we've seen a welcome dip in mortgage rates. The average 30-year fixed-rate mortgage is currently sitting at 6.35%. Looking Ahead: Whats Next for Mortgage Rates?

Mortgages

Redfin

JULY 30, 2025

On top of that, it’s also smart to check your local housing market trends and mortgage interest rates. A shorter mortgage term will result in a higher monthly payment since you’ll be paying off the principal balance faster. What’s the difference between a fixed-rate mortgage and adjustable-rate mortgage?

Pre-approval

Norada Real Estate

JUNE 12, 2025

rise in consumer prices has influenced rates but indicates delayed Fed actions. Refinance Rates : Average refinance rates are slightly higher than purchase rates; however, they are still within a manageable range. Table 2: Today's Refinance Rates (June 12, 2025) Refinance Type Average Rate (%) 30-year Fixed 6.83

Mortgages

Marco Santarelli

MAY 20, 2025

States With Lowest Mortgage Rates Today May, 20 2025 Understanding Today's Mortgage Rate Scene It's May 20th, 2025, and the mortgage market is still a bit of a rollercoaster. National averages for 30-year fixed-rate mortgages are sitting around 7.07% , which is a slight increase from recent weeks.

Mortgages

Marco Santarelli

MARCH 8, 2025

If you've got your sights set on a $500,000 home, you're likely asking the big question: How much would a $500,000 mortgage cost per month in March 2025? Well, based on the latest data from early March 2025, you could be looking at a principal and interest payment of around $3,200 to $3,300 for a 30-year fixed-rate mortgage.

Mortgages

Marco Santarelli

MARCH 30, 2025

Current Mortgage Refinance Rates on March 30, 2025 Homeowners considering refinancing their existing mortgages will also find slight decreases in rates today. This highlights the importance of checking current rates carefully when considering a refinance. Suppose you take out a $300,000 mortgage.

Mortgages

Marco Santarelli

MARCH 20, 2025

Are you keeping an eye on mortgage rates? As of March 20, 2025, the mortgage market is showing a slight upward tick , with rates inching up for the second consecutive week. Despite this recent bump, it's important to remember that rates are still more favorable compared to where they stood this time last year.

Mortgages

Marco Santarelli

MARCH 18, 2025

For example, on a $400,000 mortgage at today's rates: A 30-year mortgage at 6.57% would result in a monthly payment of around $2,547 (principal and interest). A 15-year mortgage at 6.01% would have a monthly payment of roughly $3,378 (principal and interest).

Mortgages

Marco Santarelli

JULY 27, 2025

The 15-year fixed mortgage rate is slightly higher at 5.93%, which still appeals to borrowers wanting a shorter loan term and lower total interest costs, despite the slight uptick. Adjustable-rate mortgages (ARMs), such as the 5-year ARM, have seen a small increase to 7.77%, reflecting uncertainty and market adjustments.

Mortgages

Marco Santarelli

APRIL 15, 2025

How Lower Rates Impact Your Wallet: An Example Let's say you're looking at a $400,000 mortgage. A rate drop from 7.2% Rate Monthly Payment (Principal & Interest) Total Interest Paid (over 30 years) 7.2% $2,717 $578,084 6.86% $2,624 $544,535 Over the life of the loan, you'd save over $33,000 !

Mortgages

Marco Santarelli

JULY 8, 2025

Several factors conspire to create this disparity: Different Lenders, Different Strategies: Not every mortgage lender operates in every state. For example, a smaller, regional bank might be more aggressive with its rates to gain market share in its local area compared to a national giant. National Overview: Where Do We Stand?

Mortgages