Marco Santarelli

APRIL 19, 2025

What This Means for Homebuyers and Homeowners For potential homebuyers, rising mortgage rates may complicate the affordability landscape. Higher rates typically lead to increased monthly payments. If the rate were to increase further, payments would rise accordingly, making homeownership less accessible.

Mortgages

Marco Santarelli

MARCH 27, 2025

This cost is expressed as a percentage of the loan amount and can be structured in two primary ways: fixed-rate and adjustable-rate. A fixed-rate mortgage provides stability and predictability. Once you lock in your interest rate, it remains the same for the entire duration of your loan term.

Mortgages

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%. Well, breathe a sigh of relief, because there's a bit of good news!

Mortgages

Marco Santarelli

APRIL 12, 2025

Adjustable Rates When considering mortgage options, many face the choice between fixed-rate and adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages Pros: Consistency: Monthly payments remain stable throughout the life of the loan, which allows for easier budgeting.

Mortgages

Marco Santarelli

APRIL 27, 2025

Moreover, as potential buyers feel confident about lower rates, we could see a noticeable uptick in home sales, which in turn may stabilize or even increase housing prices. Fixed-Rate Mortgages : These loans have a set interest rate that does not change over the life of the loan, making it easier to budget for monthly payments.

Mortgages

Marco Santarelli

MARCH 30, 2025

This highlights the importance of checking current rates carefully when considering a refinance. Understanding Fixed-Rate Versus Adjustable-Rate Mortgages When navigating the world of mortgages, two primary types stand out: fixed-rate mortgages and adjustable-rate mortgages (ARMs).

Mortgages

Marco Santarelli

JULY 27, 2025

Example Calculation: What a 30-Year Fixed Mortgage Rate Means for Borrowers Suppose a borrower takes a $300,000 mortgage at the current 30-year fixed rate of 6.88%. Mortgage Market Trends and Forecasts Home Sales: Projected to reach about 4 million in 2025, slightly below 2024 figures.

Mortgages

Marco Santarelli

MARCH 2, 2025

Generally, the 30-year fixed-rate mortgage is the most popular choice among homebuyers. This calculation accounts only for principal and interest, excluding property taxes, homeowners insurance, or any potential PMI required.

Mortgages

Marco Santarelli

MAY 22, 2025

Conversely, lowering rates can help to stimulate economic activity by making borrowing cheaper. For instance, a 30-year fixed mortgage at 6.93% means this interest rate will hold firm throughout the loan duration, offering predictable monthly payments. for principal and interest.

Mortgages

Marco Santarelli

APRIL 27, 2025

Skip the Mortgage Hassle (and Cost): No loan applications, no mountains of paperwork, no qualifying, and no monthly principal and interest payments stretching out for decades. Plus, you avoid appraisal fees, loan origination fees, and other costs tied to getting a mortgage. Year-over-year, sales were down 2.4%

Finance

Marco Santarelli

JUNE 17, 2025

Specific rates were not highlighted this week, but they often parallel FHA loan offerings. Adjustable-Rate Mortgages (ARMs) Adjustable-rate mortgages (ARMs) can be appealing due to their initial lower rates when compared to fixed-rate mortgages.

Mortgages

Norada Real Estate

MAY 22, 2025

Conversely, lowering rates can help to stimulate economic activity by making borrowing cheaper. For instance, a 30-year fixed mortgage at 6.93% means this interest rate will hold firm throughout the loan duration, offering predictable monthly payments. for principal and interest.

Mortgages

Marco Santarelli

APRIL 5, 2025

Mortgage rates, particularly for 30-year fixed-rate mortgages, often follow the trend of these Treasury yields. So, as tariffs and trade concerns create economic uncertainty, pushing investors towards bonds, we often see a corresponding decrease in mortgage rates.

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.

Equity

Marco Santarelli

MAY 6, 2025

States With the Lowest Mortgage Rates Today May, 06 2025 National Mortgage Rate Snapshot Before we zoom in on the states with the lowest rates, let's get a national overview. As of today, May 6, 2025, the national average for a 30-year fixed-rate mortgage is 7.00%.

Mortgages

Marco Santarelli

MAY 22, 2025

If you're holding out for mortgage rates to return to those sweet 3% days, Ramsey suggests it's time to adjust your expectations. The Mortgage Bankers Association indicated that the average 30-year fixed-rate mortgage peaked at around 7.79% in late 2023 and has since settled somewhat, sitting around 6.89% at the start of 2025.

Marketing

Marco Santarelli

JUNE 17, 2025

Specific rates were not highlighted this week, but they often parallel FHA loan offerings. Adjustable-Rate Mortgages (ARMs) Adjustable-rate mortgages (ARMs) can be appealing due to their initial lower rates when compared to fixed-rate mortgages.

Mortgages

Marco Santarelli

JULY 30, 2025

Federal Reserve signals steady rates for now, with no immediate cuts expected in today's meeting. Market sentiment indicates a cautious outlook with inflation and employment data influencing mortgage rate trends. Home sales and price growth are expected to slow modestly in 2025–2026 but remain positive overall.

Mortgages

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

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders.

Mortgages

Housing Wire

JUNE 5, 2023

of the median household income to make principal and interest (P&I) payments on the median-priced home purchased with 20% down and a 30-year fixed-rate mortgage. The combination of lower supply and demand in April led to both slowing sales and firming prices,” Walden said. In turn, the 100 largest U.S.

Fixed-rate mortgage

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. 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.

Marketing

Housing Wire

JUNE 26, 2023

Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report said. Mortgage rates rose in March: the average interest rate on a 30-year fixed-rate mortgage increased to 6.54% from a February level of 6.26%.”

VA loan

Housing Wire

SEPTEMBER 16, 2022

UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage. Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest.

Mortgages

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. We locked in rates probably 25% more during that same period,” said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “We in 2024, followed by 5.5% in 2025.

Mortgages

Housing Wire

OCTOBER 26, 2023

David Spector, chairman and CEO, told analysts that the company had “outstanding results” even as mortgage rates neared 8% in Q3. According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. billion in unpaid principal balance (UPB) as of Sept.

Fixed-rate mortgage

Housing Wire

JUNE 7, 2023

of the median household income to make principal and interest (P&I) payments on the median-priced home purchased with 20% down and a 30-year fixed-rate mortgage. Since the start of 2023, inventory has deteriorated in 95% of major markets, according to the report. It now takes 34.2%

Fixed-rate mortgage

Housing Wire

SEPTEMBER 22, 2022

With the rate for a 30-year mortgage 300 basis points higher than 2021, the buyer of a median-priced home this week is facing a monthly payment that is 66% higher than the same week in 2021, Ratiu noted. The number of existing home sales reflects how the housing sector has been impacted by the Fed’s interest rate policies.

Mortgages

Housing Wire

NOVEMBER 2, 2022

Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. The Fed’s short-term rate does not directly impact long-term mortgage rates, but it does steer market activity to create higher rates and reduce demand. . “In

Industrial

Housing Wire

JUNE 15, 2023

The 30-year fixed-rate mortgage rates don’t move in tandem with the Fed’s benchmark rate, but instead generally track with the yield on 10-year Treasury bonds. Where mortgage rates will go will depend on how the markets react to new economic data, Melissa Cohn, regional vice president of Wlliam Raveis , said.

As-is

Housing Wire

DECEMBER 29, 2023

“It finally seems like we are turning a corner and that’s good news after two years of the Fed’s negative perspective that we’ve heard,” Max Slyusarchuk, CEO of A&D Mortgage , said in an interview. Jon Overfelt, director of sales and principal at American Security Mortgage Corp.

Mortgages

Housing Wire

MARCH 20, 2023

Rate hikes have rocked the housing and mortgage markets What the data does clearly show is that rate hikes over the last 12 months have already rocked the housing and mortgage markets. In 2021, mortgage originations hit a record high of $4.4 In 2022 alone , the Fed hiked rates by 0.75 trillion in 2023.

Banks

Housing Wire

AUGUST 11, 2022

Since the beginning of the year, rates are up more than 2 percentage points — with the most recent P rimary Mortgage Market Survey from Freddie Mac showing the conforming 30-year fixed-rate mortgage with an average rate of 5.22%. . NYSE: WMC), the story is similar, though arguably more dire.

Mortgages

Housing Wire

AUGUST 29, 2022

With gain on sale margins expected to be at around 30 to 60 bps in the third quarter, there’s no question UWM is losing money, analysts said. There is no magic bucket of money,” said Brian Hale, founder and CEO at Mortgage Advisory Partners. billion in unpaid principal balance, down 11% quarter over quarter. million-$412.7

Loan Officer

Realty Biz

NOVEMBER 28, 2021

Lawrence Yun, chief economist of the National Association of Realtors, said he fully expects sales activity this winter to be stronger than compared to past years. This winter there will be more sales compared to pre-pandemic winters going back all the way to 2006,” he told realtor.com. The 30-year fixed-rate mortgage averaged 3.1%

Sales

Marco Santarelli

JULY 11, 2022

In May 2022, 25 percent of total sales were made in cash, down from 26% in April and up from the 23% recorded in May 2021. This indicates that one-fourth of purchases were conducted with cash, indicating that there is a sizeable group of buyers who are not impacted by mortgage rate changes. New home sales rebound 10.7%

Sales

Real Trends

NOVEMBER 7, 2022

Let’s say you get a 30-year fixed-rate mortgage of $350,000 with a 6.5% interest rate to buy a condo. Your payment for principal and interest would be close to $2,200 a month or $26,400 a year. Amortizing a fixed-rate mortgage. Claiming the home office tax deduction. Hedging against inflation.

Fixed-rate mortgage