Marco Santarelli

JUNE 30, 2025

Fixed vs. Adjustable: Understanding Your Options The most common types of mortgages are fixed-rate and adjustable-rate. Fixed-rate mortgages have an interest rate that stays the same for the entire loan term, which could be 15, 20, or 30 years. Lower than fixed-rate mortgages.

Mortgages

Norada Real Estate

JULY 5, 2025

The overall economic climate: Broader economic conditions influence mortgage rates. Understanding the 5-Year ARM: How It Works An Adjustable Rate Mortgage (ARM) isn't like your standard fixed-rate mortgage. This is where you benefit from the lower rate we see today.

Fixed-rate mortgage

Marco Santarelli

JANUARY 26, 2025

Here are some aspects to consider: Types of Mortgages : While fixed-rate mortgages offer stability, adjustable-rate mortgages (ARMs) can yield lower initial rates but come with varying long-term risks. This can expedite the home-buying experience, making it more appealing in a fast-paced market.

Mortgages

Marco Santarelli

JULY 1, 2025

ARM Volatility: Adjustable-rate mortgages show mixed movements. Here's a comparison to help you weigh your options: 5-Year ARM: Great Option if you are planning to move within 5 years or expect a significant increase in income that will offset eventual rate adjustments.

Fixed-rate mortgage

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. Navigating the Mortgage Approval Process Securing a mortgage is a vital step in buying a house. The most common types are fixed-rate and adjustable-rate mortgages.

Purchase and sale agreement

Norada Real Estate

JUNE 20, 2025

The 30-year fixed-rate mortgages remain popular due to their stability over longer terms, whereas 7-year and 5-year ARMs tend to fluctuate more with market conditions. With the average 30-year fixed-rate mortgage at 7.00% , monthly payments for a new home purchase can see substantial increases compared to previous years.

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

HomeLight

MARCH 26, 2025

This results in a $399,000 loan and a monthly payment of $2,522 on a 30-year fixed-rate mortgage (assuming a 6.5% mortgage rate and excluding taxes, home insurance, and PMI). The monthly payment is slightly higher than your buyers pre-approval amount.

Pre-approval

Redfin

JULY 31, 2025

Even if you can afford the payments, adding new debt may reduce your loan approval or lead to higher interest rates. >>Discover: How to Get Pre-Approved for a Mortgage: 7 Steps for Success 7. Don’t select the first lender you find Don’t just go with the first mortgage offer you receive.

VA loan

Marco Santarelli

APRIL 24, 2025

National Mortgage Rate Trends: A Broader View While it's important to focus on your state, understanding national trends can provide valuable context. Here's a snapshot of what's happening on a national level: 30-Year Fixed: The average rate for a 30-year fixed-rate mortgage fell slightly to 7.03% on Wednesday.

Mortgages

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

JUNE 17, 2025

These typically have lower initial interest rates than fixed-rate mortgages, but the rate can change over time. Get Pre-Approved: Getting pre-approved for a mortgage shows sellers that you're a serious buyer and know how much you can borrow.

Mortgages

Marco Santarelli

MARCH 23, 2025

The Mortgage Process Explained If you're thinking of obtaining a mortgage, it's essential to understand how the process works. Pre-approval: Before looking at homes, you should get pre-approved for a mortgage.

Mortgages

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

JUNE 23, 2025

Mortgage Rates: The Key to Unlocking the Market As mentioned earlier, mortgage rates are a crucial factor in the housing market. The NAR report indicates that the average 30-year fixed-rate mortgage was at 6.81% as of June 18th. Why are rates so important?

Sales

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. ARMs can help you save early on, but carry the risk of rate increases.

Purchase and sale agreement

Redfin

JULY 30, 2025

Stability and predictable housing costs: With a fixed-rate mortgage, your monthly housing payment stays consistent, unlike rising rent. Research loan options and get pre-approved Explore programs dedicated to first-time homebuyers like conventional, FHA, and state-specific assistance.

Debt-to-income ratio

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

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

FEBRUARY 16, 2025

Mortgage Interest Rates Forecast for Next 10 Years Interest Rate Forecast for Next 10 Years: 2025-2035 Fixed vs. Adjustable Rate Mortgages Choosing between fixed-rate and adjustable-rate mortgages (ARMs) is an important decision for buyers.

FHA loan

Norada Real Estate

JUNE 7, 2025

If you're currently in the market to buy a home or refinance, here's my advice: Don't Panic, but Be Prepared: Understand that rates are volatile. Work closely with a mortgage professional to explore your options and get pre-approved so you know what you can realistically afford.

Mortgages

Marco Santarelli

JUNE 11, 2025

As of early June 2025, the 30-year fixed-rate mortgage (FRM) is hovering around 6.85%. Explore different loan options and consider factors beyond just the interest rate, such as closing costs and loan terms. Being pre-approved for a mortgage can give you an edge.

Mortgages

Marco Santarelli

JUNE 4, 2025

Several factors influence these rates daily, and even small fluctuations can impact your monthly payments and the overall cost of your loan over time. According to data released by Zillow , as of Wednesday, June 4, 2025, the national average for a 30-year fixed-rate mortgage has edged up.

Loans

Marco Santarelli

APRIL 3, 2025

With this in mind, lets explore current rates, what they mean for you, and the broader economic context shaping these changes. Today's Mortgage Rates April 3, 2025: Rates Go Down After Tariff News Key Takeaways Current Mortgage Rate: Approximately 6.40% for a 30-year fixed-rate mortgage.

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%. The Power of Inflation: Your Secret Weapon One of the most overlooked aspects of real estate investing is the impact of inflation.

Mortgages

Marco Santarelli

AUGUST 5, 2025

Mortgage Rates: The average 30-year fixed-rate mortgage is hovering around 6.75% (as of July 17), slightly up from the previous week but down from a year ago. A good lender can also help you understand different mortgage products. This marks the 24th consecutive month of year-over-year price increases!

Marketing

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? Most recently, The average 30-year fixed rate mortgage reached 6.85% on June 5.

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? Most recently, The average 30-year fixed rate mortgage reached 6.75% on July 17.

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? However, mortgage rate movements varied in the immediate aftermath of the most recent Fed decisions.

FHA 203k rehab loan

Marco Santarelli

FEBRUARY 8, 2025

30-Year Mortgage Rate Falls Below 7% to Close January 2025 Mortgage Rates Drop This Week After Reversal of Tariffs What Should Homebuyers Do? Shop Around for the Best Rates: Don't just go with the first lender you find. Compare rates and fees from multiple lenders to make sure you're getting the best deal.

Mortgages

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? However, mortgage rate movements varied in the immediate aftermath of the most recent Fed decisions.

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

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

MARCH 23, 2023

While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues. The MBA projects the 30-year fixed rate mortgage to drop to an average of 5.3% In 2024, rates are expected to drop to 4.6% in 2024 and 4.4%

Mortgages

Housing Wire

JUNE 16, 2022

The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. It’s painful that on the same $300,000 mortgage, the monthly payment rose to $1,800 today from $1,265 in December. mortgage industry to fund $4.1 Labor Department.

Marketing

Housing Wire

JULY 3, 2023

homeowners with mortgages have an interest rate below 6%, according to Redfin. The target client base for PrimeLending is first-time homebuyers, as the entire industry is struggling to overcome the lock-in effect. Nearly 92% of U.S.

Loan Officer

Keeping Current Matters

NOVEMBER 24, 2021

Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% That means getting pre-approved with a lender so there won’t be any delays when the time arrives.

Mortgages