Housing Wire

APRIL 2, 2025

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances saw a modest decrease to 6.70% from 6.71%. For 30-year fixed-rate mortgages with jumbo loan balances, rates decreased to 6.76% from 6.77%. the week prior.

Fixed-rate mortgage

Housing Wire

JULY 9, 2025

Mortgage rates for several loan products saw decreases from the week before. Jumbo loan 30-year fixed-rate mortgages saw rates decrease to 6.69% from 6.78%.

Fixed-rate mortgage

Housing Wire

MARCH 19, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances increased to 6.78% from last week’s 6.68%. Interest rates for 5/1 ARMs increased to 5.84% from 5.81%.

Fixed-rate mortgage

Housing Wire

APRIL 30, 2025

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased marginally to 6.89% from 6.90%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 6.88% from 6.90%.

Fixed-rate mortgage

Housing Wire

MARCH 26, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 6.77% from 6.78%. Both the average contract interest rates for 30-year fixed-rate mortgages backed by the FHA and 15-year fixed-rate mortgages remained unchanged at 6.40% and 6.08%, respectively.

Fixed-rate mortgage

Housing Wire

APRIL 16, 2025

Department of Veterans Affairs (VA) share of applications dropped from 15.7% The average contract interest rate for 30-year fixed-rate mortgages increased to 6.81%, up from 6.61% a week earlier, while rates for 30-year fixed mortgages with jumbo loan balances rose by 19 basis points (bps) to 6.84%.

Fixed-rate mortgage

Housing Wire

APRIL 23, 2025

Joel Kan , MBAs vice president and deputy chief economist, attributed the decline to the second straight week of climbing rates , as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.90% from last week’s 6.81%.

Fixed-rate mortgage

Housing Wire

FEBRUARY 19, 2025

While 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) saw interest rates decrease to 6.93% from 6.95%, interest rates for 30-year fixed-rate mortgages with jumbo loan balances increased to 7.03% from 6.96%. the week prior.

Fixed-rate mortgage

Marco Santarelli

JANUARY 2, 2025

For instance, if you take a $300,000 mortgage at 6.70% over 30 years , you could end up paying approximately $400,000 in total interest over the life of the loan. Future Predictions : Many experts anticipate that rates may slightly ease throughout 2025. Long-term Plans : Consider how long you plan to stay in the home.

Mortgages

Housing Wire

MAY 7, 2025

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 6.84% from 6.89%. Interest rates for 30-year fixed-rate mortgages with jumbo loan balances also decreased to 6.86% from 6.88%.

Fixed-rate mortgage

Marco Santarelli

APRIL 16, 2025

Today's Mortgage Rates April 16, 2025: Big Drop in Rates as Treasury Yields Fall Key Takeaways Mortgage rates for April 16, 2025, have fallen substantially from last week. 30-Year fixed-rate mortgage now averages 6.78% , an eight basis-point drop.

Fixed-rate mortgage

Marco Santarelli

DECEMBER 31, 2024

Current Mortgage Rates Heres a closer look at todays mortgage rates for various types of mortgages, which may help guide your decision-making process: Purchase Mortgage Rates Mortgage Type Interest Rate Change 30-Year Fixed 6.64% -0.08 20-Year Fixed 6.48% -0.10

Mortgages

Marco Santarelli

DECEMBER 21, 2024

Analysis of Mortgage Types Understanding the different types of mortgages available is crucial as they have varied implications on your financial future. 30-Year Fixed Mortgages The 30-year fixed-rate mortgage remains the most popular choice among homebuyers. Cons : Future payments unpredictability.

Mortgages

Marco Santarelli

DECEMBER 22, 2024

Adjustable Rates When considering the right mortgage type , borrowers frequently weigh fixed-rate mortgages against adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages: These loans offer stability by locking in the interest rate for the entire duration of the mortgage (typically 15-30 years).

Mortgages

Marco Santarelli

MARCH 4, 2025

Adjustable-Rate Mortgages (ARMs): These typically offer a lower initial interest rate than fixed-rate mortgages, but the rate can adjust periodically based on market conditions. ARMs can be attractive in the short term, but the uncertainty of future rate adjustments should give you pause.

Mortgages

Norada Real Estate

JULY 3, 2025

These loans often have fixed or adjustable interest rates and are available for varying term lengths. Conforming loans typically have lower interest rates since they are less risky for lenders. Conversely, government loans , such as FHA and VA loans, are backed by the federal government.

Loans

Marco Santarelli

DECEMBER 22, 2024

Comparing Different Mortgage Products The mortgage market is diverse, ranging from fixed-rate loans to adjustable-rate mortgages (ARMs). Heres a closer look at these options: Fixed-Rate Mortgages : These loans offer stable monthly payments and are often the go-to option for many homeowners.

Mortgages

Marco Santarelli

APRIL 30, 2025

Although this requires a stronger financial commitment upfront, the potential to save on total interest approximately $83,000 over the life of the loan compared to a 30-year fixed loan at the current rate makes this option very attractive. This is a crucial metric to consider when weighing whether to refinance.

VA loan

Marco Santarelli

DECEMBER 28, 2024

It's always best to check local lenders for the most accurate rates. It's always best to check local lenders for the most accurate rates. They influence your monthly payments and the overall cost of your loan. Fixed-Rate Mortgages A fixed-rate mortgage has a constant interest rate and monthly payments that never change.

VA loan

Marco Santarelli

MARCH 11, 2025

Exploring the Mortgage Options While traditional fixed-rate mortgages are often the go-to choice for many buyers, there are various mortgage products available to meet different financial needs. A fixed-rate mortgage locks in your interest rate for the life of the loan, providing stability in payment amounts.

Fixed-rate mortgage

Marco Santarelli

MARCH 16, 2025

Breaking Down Today's Mortgage Rates Loan Type Interest Rate 30-Year Fixed 6.59% 20-Year Fixed 6.45% 15-Year Fixed 5.93% 5/1 ARM 6.85% 7/1 ARM 7.13% 30-Year VA 6.15% 15-Year VA 5.59% 5/1 VA 6.15% As you can see, the 30-year fixed-rate mortgage the most common choice for homebuyers is currently averaging 6.59%.

Mortgages

Marco Santarelli

MAY 14, 2025

Today's Mortgage Rates – May 14, 2025: Rates Jump by 8 Basis Points After Inflation Data Key Takeaways Current Average Rates : 30-Year Fixed Mortgage : 6.84% ( 8 basis points) 15-Year Fixed Mortgage : 6.06% ( 1 basis point) Texas VA Loan : 5.78% (15-Year Fixed) Refinance Rates : Generally higher than new mortgage rates.

Mortgages

Marco Santarelli

JULY 12, 2025

Understanding Adjustable Rate Mortgages (ARMs) Before diving deeper into the implications of the 5-year ARM rate , it's good to know what exactly an ARM loan is. Unlike fixed-rate mortgages where your interest rate stays the same for the life of the loan, ARMs have an interest rate that adjusts periodically.

Fixed-rate mortgage

Marco Santarelli

JANUARY 25, 2025

VA Loan Advantages: If youre a veteran or on active duty, you should definitely pay attention to this. VA loans are government-backed and tend to have some seriously attractive rates. The 15-year VA refinance rate, at 5.89% , is particularly eye-catching, it is about 0.2% Its a gamble but can pay off.

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

FEBRUARY 28, 2025

It's expressed as a percentage of the loan amount, and it's how the lender makes money on the loan. There are two main types of mortgage interest rates: Fixed-Rate Mortgages: These are pretty straightforward. Your interest rate and monthly payment stay the same for the entire loan term.

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. VA loans saw minor increases, while the 15-year fixed rate for FHA loans saw a significant decrease of 0.71%.

Fixed-rate mortgage

Redfin

JULY 30, 2025

Here are the minimum credit scores needed to qualify for certain loans: Conventional loans: 620-660 Jumbo loans: 700 FHA loans: 500-580 VA loans: no requirement USDA loans: typically 620, but can be lower 8. Several loan options, such as FHA or VA loans, only require a down payment of 3.5%

Pre-approval

Marco Santarelli

JUNE 6, 2025

Economic Impact on Rates : Market conditions and economic indicators continue to directly affect mortgage rates. Fixed-Rate Mortgages Understanding current rates is crucial for making informed financial decisions, whether you are purchasing a new home or refinancing an existing mortgage.

Mortgages

Marco Santarelli

JUNE 30, 2025

Even small changes can add up when you're talking about hundreds of thousands of dollars over the life of a loan. Fixed vs. Adjustable: Understanding Your Options The most common types of mortgages are fixed-rate and adjustable-rate. Initial Interest Rate Higher compared to ARMs.

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

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

Norada Real Estate

JULY 5, 2025

Today's Mortgage Rates July 5, 2025: Steady Stability in 30-Year FRM and 15-Year FRM Key Takeaways Current Rates: The average 30-year fixed mortgage rate is 6.79% , consistent with last week. Refinance Rates: The 30-year fixed refinance rate is currently 7.07% , maintaining stability.

VA loan

Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week.

Mortgages

Redfin

JULY 31, 2025

There are many alternative mortgage options, and you might overlook a program better suited to your financial situation. Common loan types include: Conventional Loan: Offers flexible down payment options as low as 3% with private mortgage insurance (PMI). FHA Loan: Require only 3.5%

VA loan

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. However, it's crucial to understand the risk of rate adjustments after the initial fixed-rate period.

Mortgages

Norada Real Estate

JUNE 7, 2025

As shown in the mortgage rates table, the 30-year fixed-rate loan currently sits at 7.04% , which is slightly higher than rates seen in the previous weeks. This rate currently stands at 6.83%. FHA and VA loans are prominent in this category.

Mortgages