Marco Santarelli

JUNE 28, 2025

As of June 28, 2025, the average 30-year fixed mortgage rate has decreased to 6.74% , down from 6.75% in the previous week. If you're considering taking out a mortgage or refinancing your current home loan, knowing these updated rates will help you make informed financial decisions.

Mortgages

Marco Santarelli

FEBRUARY 16, 2025

As of February 16, 2025 , the mortgage rates have held steady, with the average 30-year fixed rate currently at 6.53% and the 15-year fixed rate at 5.87%. Understanding todays mortgage rates can be crucial in shaping financial decisions for homebuyers and homeowners alike.

FHA loan

Marco Santarelli

MARCH 20, 2025

Are you keeping an eye on mortgage rates? As of March 20, 2025, the mortgage market is showing a slight upward tick , with rates inching up for the second consecutive week. 30-year fixed mortgage rate: Currently averaging 6.61%. 15-year fixed mortgage rate: Averaging 5.98%. 15-year fixed mortgage rate: Averaging 5.98%.

Mortgages

Redfin

JULY 30, 2025

In this article: Understanding if you’re ready to buy a home Budgeting for your first home Finding the right mortgage Navigating the homebuying process What comes next? You haven’t held a mortgage in three years. Job security: Stable employment and income are key indicators for lenders when qualifying for a mortgage.

Pre-approval

Redfin

JULY 23, 2025

Before you start browsing listings, you’ll want to know if your income can support a mortgage that size. The income needed for a $600k mortgage depends on several key factors like your down payment, credit score, debt, and interest rate. A 20% down payment also avoids private mortgage insurance (PMI).

Debt-to-income ratio

The Mortgage Report

JULY 8, 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? Cash-out refinancing combines equity access with the chance to lower your mortgage rate.

Equity

Redfin

JUNE 13, 2025

Try to avoid overlapping mortgage payments or being stuck without a home. As of early June 2025, the average 30-year fixed mortgage rate is around 6.8–6.9% Beyond searching, many other parts of the homebuying journey have also moved online, including virtual tours, e-signatures, and online mortgage preapprovals.

Debt-to-income ratio

Redfin

MARCH 5, 2025

Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms. A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. The 28/36 rule is a common mortgage budgeting guideline.

Debt-to-income ratio

Redfin

JULY 15, 2025

The income needed for a $250k mortgage depends on several financial factors, including your debt-to-income ratio, credit health, and property taxes in your area. If you put down less than 20%, you’ll likely have to pay private mortgage insurance (PMI), which would increase your monthly expenses and the income needed to qualify.

Debt-to-income ratio

The Mortgage Report

JULY 1, 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? of mortgaged home sales in April, up from 14.2% How Much Home Can I Afford? VA home loans rose to 7.2%

Loans

Redfin

JULY 14, 2025

The income needed for a $200k mortgage depends on several key factors, including your down payment, DTI, credit score, and location. Keep in mind that your down payment is less than 20%, you’ll likely be required to pay private mortgage insurance (PMI). Interest rates Mortgage interest rates have a direct impact on affordability.

Debt-to-income ratio

Redfin

JUNE 23, 2025

The income needed for a $400k mortgage comes down to a few factors, like your down payment, DTI, credit score, and even your location. These costs typically include your mortgage payment (principal and interest), property taxes, homeowners insurance, and any HOA fees. What is the income needed for a $400k house?

Debt-to-income ratio

Redfin

JULY 30, 2025

>> Read: What Percentage of Your Income Should Go Toward Your Mortgage? down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S. down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S.

Debt-to-income ratio

AAOA

MAY 22, 2025

Step 2: Get Pre-Approved or Prepare to Raise Capital Before you make offers, get your finances in order. DSCR (Debt Service Coverage Ratio) (can the income cover the mortgage comfortably?) Operating Reserves Lenders often require reserves equal to six to twelve months of principal, interest, taxes, and insurance (PITI).

Due diligence

Redfin

JULY 16, 2025

If a $300,000 home feels like your target price, you’re likely asking: what’s the income needed for a $300k mortgage? This estimate is based on a typical 30-year fixed mortgage, average interest rates, and a moderate down payment. Interest rates Mortgage interest rates have a direct impact on affordability.

Debt-to-income ratio

Marco Santarelli

JUNE 5, 2025

Looking for the states where you can snag the cheapest mortgage rates right now? As of June 5, 2025 , the states boasting the lowest 30-year mortgage rates are primarily New York, California, Massachusetts, Washington, Connecticut, Colorado, Pennsylvania, and Texas. These states are seeing averages between 6.74% and 6.89%.

Mortgages

Redfin

MARCH 5, 2025

Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms. A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. The 28/36 rule is a common mortgage budgeting guideline.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

However, they may have limitations and exclusions for pre-existing conditions and certain damages. Financial security: Extended warranty plans can help homeowners avoid unexpected expenses related to principal component failures or defects, providing financial security. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Purchase and sale agreement

Marco Santarelli

APRIL 3, 2025

As of April 3, 2025, mortgage rates have dipped slightly to around 6.40% , influenced by recent economic events, including tariff announcements from the White House. This decline is relevant for both new mortgage borrowers and those considering refinancing their existing loans.

Mortgages

Marco Santarelli

JULY 31, 2025

Are you fixated on mortgage rates? However, in this article, I'll explain why mortgage rates don't really matter as much as you think, especially when playing the long game of real estate investing. Why Chasing Low Mortgage Rates Doesn't Really Matter in Real Estate? Higher rates mean less cash flow, right?

Mortgages

Marco Santarelli

MAY 9, 2025

As of May 9, 2025, mortgage rates have increased slightly, with the average rate for a 30-year fixed mortgage sitting at approximately 6.80%. Such developments can influence mortgage rates as they are often tied to the yields on government bonds, especially the 10-year Treasury yield.

Mortgages

Marco Santarelli

MAY 9, 2025

As of May 9, 2025, mortgage rates have increased slightly, with the average rate for a 30-year fixed mortgage sitting at approximately 6.80%. Such developments can influence mortgage rates as they are often tied to the yields on government bonds, especially the 10-year Treasury yield.

Mortgages

Marco Santarelli

MAY 26, 2025

Think about it: over 80% of current homeowners with mortgages are sitting on rates significantly below today's levels (which are hovering around 6.7%). Would you want to sell your home and trade your 3% mortgage for a nearly 7% one if you didn't absolutely have to? Let's break it down: Mortgage Debt: $12.8 Probably not.

Equity

Housing Wire

AUGUST 4, 2022

Two years after acquiring RoundPoint Mortgage Servicing , Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp. another leading mortgage servicer and a wholly owned subsidiary of real estate investment trust Two Harbors Investment Corp. million premium.

Mortgages

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Will Savage, an LO at PMC Mortgage. Before the Federal Reserve raised the federal funds rate by 0.75

Mortgages

Housing Wire

NOVEMBER 9, 2022

While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. The average mortgage holder is up by more than $92,000 compared to the start of the pandemic. But which is the best option for your borrower? Read on to find out.

Equity

Housing Wire

DECEMBER 13, 2024

While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination.

Pre-approval

Housing Wire

JULY 21, 2022

Recent pleadings filed in the bankruptcy case of First Guaranty Mortgage Corp. He also contends in his court pleadings that the amounts advanced under the warehouse lines are secured by “mortgage loans, cash and related collateral.”. One is the warehouse line — set up to facilitate FGMC’s funding of mortgage loans.

Bankruptcy

Housing Wire

JUNE 16, 2022

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. The sharp decline in mortgage rates during the COVID-19 pandemic fueled the U.S.

Marketing

Housing Wire

MARCH 3, 2022

As economic factors continue to affect borrowers and the risk of delinquency rises, mortgage servicers need to be proactive in helping borrowers navigate their situation and loss mitigation options. The modification must be made no later than 18 months after the date in which the COVID-19 national emergency ends, without VA pre-approval.

VA loan

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. The four-bed property was perfect for the pre-Covid reality, but it is challenging to afford right now. “They’ve had a manageable budget due to mortgage forbearance. .

Pre-approval

Housing Wire

SEPTEMBER 17, 2024

David Berenbaum, HUD’s principal deputy assistant secretary of housing counseling, lauded the partnership for its potential to meet HUD’s counseling goals. “We We’re expanding on that foundation by helping consumers get connected to the right resources, helping to reduce the barriers they face to securing affordable housing.”

Pre-approval

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Loan Officer

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

Loans

Realty Biz

JANUARY 29, 2022

It’s not a deal easily undone once the final papers are signed, so it makes sense to understand the ins and outs of mortgages before taking the leap into homeownership. Here are six mortgage mistakes to avoid (and what to do instead). Not Getting Pre-Approved. Get pre-approved for a mortgage.

Pre-approval

Lighter Side of Real Estate

FEBRUARY 2, 2023

If you think mortgage rates are at an all-time high, you wouldn’t be alone. The thing is, mortgage rates aren’t actually the highest they’ve ever been; not by a long shot. The thing is, mortgage rates aren’t actually the highest they’ve ever been; not by a long shot. And who knows, the rates could be lower by then anyway.

Pre-approval

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. That starts with determining what it will take to pay off your mortgage. Learn More 1.

Pre-approval