Redfin
JULY 30, 2025
What’s the difference between a fixed-rate mortgage and adjustable-rate mortgage? When choosing a mortgage, you’ll need to decide between a fixed-rate mortgage or an adjustable-rate mortgage (ARM). On closing day, bring your ID, proof of funds, and the closing disclosure.
Redfin
AUGUST 5, 2025
This means when a seller receives a cash offer (with proof of funds) they can be almost 100% confident the deal will quickly make it to the closing table. Avoid paying interest: By paying all cash and not taking out a mortgage, you can avoid paying interest. Closing costs still apply: Closing costs don’t only apply to mortgages.
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Marco Santarelli
APRIL 27, 2025
High Mortgage Rates Are the Big Story: As of mid-April 2025, the average 30-year fixed-rate mortgage was hovering around 6.83% , according to Freddie Mac data mentioned in the report. a year prior, it's still historically high compared to the ultra-low rates we saw a few years ago.
HomeLight
JUNE 14, 2023
Escalation clauses were especially popular from mid-2020 to mid-2022 when low interest rates and the pandemic’s emphasis on home drove housing demand through the roof. Even though, as of this writing, mortgage interest rates are at 6.4% Since then, they’ve become less prevalent but are still fairly common.
The Close
DECEMBER 29, 2022
It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. A convertible ARM is a mortgage with a much lower interest rate at the start of the loan, where the interest rate fluctuates during the life of the loan, usually every six months. Fixed-rate mortgage.
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