Housing Wire

MAY 5, 2025

Weekly pending home sales disappointed in the last week of April, with 10% fewer than the same week in 2024. To be specific, single-family home sales came in 8% fewer than the same week last year, and condo sales came in 19% fewer. The median price of the weekly pending sales came in below the same week last year.

Sales

Housing Wire

DECEMBER 19, 2024

In addition to a 27% increase in foreclosure starts, third-party and foreclosure sales also increased by 3.2% Total refinance volume increased in the third quarter of 2024 as mortgage rates decreased but remained above the levels observed through 2021, the report added.

Fixed-rate mortgage

Housing Wire

JULY 30, 2025

Purchase applications decreased by almost 6%, as applications for conventional, FHA , and VA purchase loans fell, despite slowing home-price growth and increasing levels of for-sale inventory in many regions.” The refinance share of mortgage activity, however, increased to 40.7% of total applications from last week’s 39.6%.

Fixed-rate mortgage

Real Estate News

JULY 10, 2025

As of July 10, the 30-year fixed-rate mortgage averaged 6.72%, according to Freddie Mac , up from 6.67% the week before. Mortgage News Daily , which uses a different set of criteria to identify the daily rate, pegged it at 6.79% on July 10. Will applications translate to sales?

Mortgages

Housing Wire

JANUARY 8, 2025

Rates for FHA-backed 30-year fixed-rate mortgages dropped from 6.69% to 6.65% during the week, while 15-year fixed loans increased slightly from 6.43% to 6.46%. HousingWire Lead Analyst Logan Mohtashami anticipates a jumpstart in spring housing demand, attributed to a rise in pending sales data. ”

Mortgages

Housing Wire

NOVEMBER 27, 2024

“Purchase activity drove overall applications higher last week, as conventional purchase applications picked up pace and mortgage rates declined for the first time in over two months,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. percent from 6.90

Mortgages

Housing Wire

APRIL 10, 2025

With current rates hovering near 7%, selling a home today often means trading a historically low payment for one nearly double the size. Existing home sales have hit multi-decade lows. The 30-year fixed-rate mortgage is a cornerstone of American housing finance, but it wasnt built for flexibility. moved forward?

Design

Housing Wire

FEBRUARY 26, 2025

Increasing for-sale inventory in some markets has provided prospective buyers more options as we approach the spring homebuying season. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 7.00% from 7.03%.

Fixed-rate mortgage

Marco Santarelli

JULY 4, 2025

Well, there's some good news: Mortgage rates are dropping! The average rate for a 30-year fixed-rate mortgage has fallen to 6.67% , the biggest drop we’ve seen since March of this year. According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage is down 0.1

Fixed-rate mortgage

Marco Santarelli

DECEMBER 21, 2024

” Home Sales Jump as Buyers Adjust to High Mortgage Rates Key Takeaways Home buyers are getting used to higher mortgage rates , with sales increasing despite rates in the mid-to-upper 6% range. The Fed's rate cuts aren't directly impacting mortgage rates. Let's make it work.”

Sales

Marco Santarelli

OCTOBER 26, 2024

As of October 24, 2024, mortgage rates have climbed north of 6.5% The average 30-year fixed-rate mortgage now sits at 6.54% , a slight rise from 6.44% the previous week, reflecting a prevailing trend of increasing rates that have now persisted for four consecutive weeks.

Fixed-rate mortgage

Inman

MARCH 20, 2025

As buyers cautiously reentered the market, existing-home sales rose 4.2 Compared to last year, sales remained down by 1.2 percent from January to 4.26 million, according to data released Thursday by NAR. percent.

Sales

Marco Santarelli

DECEMBER 27, 2024

Sam Khater, Freddie Macs Chief Economist, suggests that while there are slight improvements in new and existing home sales, a significant undersupply of homes continues to challenge the market. This situation may lead potential buyers to act sooner rather than later, as waiting could result in even higher rates.

Fixed-rate mortgage

Marco Santarelli

DECEMBER 29, 2024

Impact on the Housing Market The projections for mortgage rates are intrinsically linked to the overall health of the housing market. Understanding how these changes will impact buyers and sellers provides valuable context for navigating future real estate endeavors.

Mortgages

RIS Media

APRIL 3, 2025

The latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac Thursday shows the 30-year fixed-rate mortgage (FRM) averaging 6.64%, down one basis point from last weeks average of 6.65%.

Fixed-rate mortgage

Marco Santarelli

DECEMBER 27, 2024

Sam Khater, Chief Economist at Freddie Mac, notes that while new and existing home sales show some improvement, the overall economic landscape, compounded by tighter monetary policies, is steering rates upward. 15-Year Mortgages: Rates for 15-year fixed mortgages have also climbed to 6% , an increase from 5.92%.

Mortgages

Marco Santarelli

JULY 12, 2025

The Current State of Mortgage Rates As of July 10, 2025 , here’s where we stand: 30-Year Fixed Rate Mortgage (FRM): Averaging 6.72% 15-Year FRM: Averaging 5.86% These numbers, per Freddie Mac, paint a clear picture. Still, even rates in the mid-6% range are still a challenge. If rates drop closer to 6.3%-6.5%

Mortgages

Marco Santarelli

DECEMBER 21, 2024

Supply and Demand in the Housing Market The housing market's supply and demand dynamics further influence mortgage rates. An increase in buyer demand, coupled with a limited supply of homes available for sale, can lead to higher competition among buyers.

Mortgages

Marco Santarelli

JUNE 23, 2025

While existing-home sales decreased by 0.7% year-over-year, there's more to the story than just that one number. Housing Market Boom or Slump: NAR's Report Shows Slight Drop in Sales Here's what the NAR report for May had to say: Sales: Existing-home sales decreased by 0.7% compared to May of last year.

Sales

Marco Santarelli

APRIL 1, 2025

For the benchmark 30-year fixed-rate mortgage , we're looking at an average of 6.55%. Now, four basis points might sound small, but in the world of mortgages, every little bit counts. Now, four basis points might sound small, but in the world of mortgages, every little bit counts. Let's dive into the specifics.

Fixed-rate mortgage

Marco Santarelli

APRIL 18, 2025

On April 18, 2025, mortgage rates remain relatively favorable compared to last year, despite experiencing weekly fluctuations. The average for 30-year fixed-rate mortgages is around 6.71% , and for 15-year fixed mortgages, its approximately 6.01%. Is Now a Good Time to Lock in a Mortgage Rate?

Mortgages

Marco Santarelli

APRIL 18, 2025

On April 18, 2025, mortgage rates remain relatively favorable compared to last year, despite experiencing weekly fluctuations. The average for 30-year fixed-rate mortgages is around 6.71% , and for 15-year fixed mortgages, its approximately 6.01%. Is Now a Good Time to Lock in a Mortgage Rate?

Mortgages

Marco Santarelli

MAY 27, 2025

For instance, while a 15-year loan will result in a higher monthly payment, overall interest payments are dramatically lower than they would be with a 30-year mortgage. Fixed-Rate vs. Adjustable-Rate Mortgages In the mortgage world, borrowers often face a choice between fixed-rate and adjustable-rate mortgages (ARMs).

Mortgages

Marco Santarelli

JULY 2, 2025

Okay, here's the lowdown on where to find the most appealing mortgage rates in the U.S. as of July 2, 2025 : If you're shopping for a 30-year fixed rate mortgage for a new home purchase, you might want to focus your search in New York, Massachusetts, Colorado, Connecticut, Florida, New Jersey, California, Texas, and Washington.

Mortgages

Marco Santarelli

APRIL 22, 2025

Adjustable-Rate Mortgages Understanding the distinction between fixed-rate and adjustable-rate mortgages is essential for prospective buyers. Fixed-Rate Mortgages : These mortgages offer the security of locked-in interest rates from the outset.

Mortgages

Marco Santarelli

APRIL 7, 2025

Impact of Economic Factors : Recent tariff announcements and economic fluctuations influence these rates. Spring Home-Buying Season : The current market conditions could favor buyers as more homes are listed for sale. Mortgage Rates Type of Mortgage Interest Rate (%) 30-Year Fixed 6.39 5/1 VA 5.93

Mortgages

Marco Santarelli

FEBRUARY 28, 2025

There are two main types of mortgage interest rates: Fixed-Rate Mortgages: These are pretty straightforward. Your interest rate stays the same for the entire life of the loan, so your monthly payments are predictable and easy to budget for. If rates go up, your monthly payment will go up too.

Mortgages

Marco Santarelli

JANUARY 11, 2025

For first-time homeowners and families looking to upgrade or change their living situation, the obstacle of securing an affordable mortgage adds layers of complexity to the homebuying journey. The impact on the housing market includes the potential for decreased sales volume, leading to a slower market pace.

Mortgages

Marco Santarelli

MAY 20, 2025

And, as we all know, where treasury yields go, mortgage rates often follow. How It's Impacting Mortgage Rates The increase in treasury yields has directly impacted mortgage rates. As of May 19, 2025, the average 30-year fixed-rate mortgage has climbed to 7.04% , according to Mortgage News Daily.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles How to Buy a House in New York Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Purchase and sale agreement

Marco Santarelli

JUNE 9, 2025

Understanding Mortgage Types When you explore your mortgage options, understanding different types of loans is critical. Each mortgage type has its own advantages and disadvantages, depending on your financial situation and how long you plan on staying in a home. Fixed-Rate Mortgages : These loans are straightforward.

Mortgages

Marco Santarelli

APRIL 23, 2025

Inflation: Inflation is the rate at which prices for goods and services are rising. When inflation is high, mortgage rates tend to be higher as well. If there are more buyers than homes for sale (a seller's market), prices tend to go up, and vice-versa. while the 15-year fixed-rate mortgages are around 6%.

Mortgages

Norada Real Estate

APRIL 19, 2025

Read More: Mortgage Rates Trends as of April 18, 2025 Mortgage Rate Predictions for This Week: Expect Volatility, Not Relief Mortgage Rates Likely to Go Down in the Short Term Due to Tariffs Understanding Fixed vs. Adjustable Rates Fixed-rate mortgages lock in your interest rate for the life of the loan, providing predictability in monthly payments.

Mortgages

Marco Santarelli

APRIL 19, 2025

Read More: Mortgage Rates Trends as of April 18, 2025 Mortgage Rate Predictions for This Week: Expect Volatility, Not Relief Mortgage Rates Likely to Go Down in the Short Term Due to Tariffs Understanding Fixed vs. Adjustable Rates Fixed-rate mortgages lock in your interest rate for the life of the loan, providing predictability in monthly payments.

Mortgages

HomeLight

JANUARY 31, 2025

Fixed-rate mortgages are the most popular mortgages on the market, but they may not be right for every homebuyer in every situation. Adjustable-rate mortgage loans (ARMs) offer options for borrowers who would benefit from a different approach to financing their mortgage due to specific life events or financial situations.

Loans

Marco Santarelli

APRIL 18, 2025

Think of it this way: More homes for sale: Gives you more options and potentially more room to negotiate. The ARM Race: Adjustable-Rate Mortgages Gain Popularity With those higher rates, its no surprise that more buyers are turning to adjustable-rate mortgages (ARMs). A year ago, rates averaged 7.1%.

Fixed-rate mortgage

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).

Mortgages