Housing Wire

APRIL 27, 2023

Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed mortgage rate increased to 6.43% as of April 27, up four basis points from last week and 133 basis points from this time last year, when rates averaged 5.10%. under the previous policy.

Mortgages 397

Mortgages Fixed-rate mortgage Loans Closing costs 397

Marco Santarelli

MARCH 7, 2025

Mortgage rates have indeed plunged to their lowest points this year on March 7, 2025, signaling a moment of opportunity for prospective homeowners and those looking to refinance. Economic Factors in Play : Changing tariffs and inflation reports could influence future mortgage rates.

Mortgages 100

Mortgages Fixed-rate mortgage Finance Loans 100

Marco Santarelli

JANUARY 1, 2025

Mortgage rates are a hot topic for anyone looking to buy a home or refinance an existing mortgage. As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. Refinance Rate : 7.01% for a 30-year refinance, indicating stable rates compared to purchase mortgages.

Mortgages 97

Mortgages Loans Fixed-rate mortgage Closing costs 97

Marco Santarelli

FEBRUARY 28, 2025

As of February 28, 2025 , mortgage rates are at their lowest levels this year. According to Zillow , the national average for a 30-year fixed mortgage is 6.31% , and the 15-year fixed rate is 5.61%. The 30-year fixed rate is currently 6.31%. The 15-year fixed rate has dropped to 5.61%.

Mortgages 96

Mortgages Fixed-rate mortgage Loans VA loan 96

Marco Santarelli

MARCH 17, 2025

Current Mortgage Rates on March 17, 2025 If you're shopping for a mortgage right now, it's crucial to know where interest rates stand. As of today, March 17, 2025, data from Zillow shows that mortgage rates have been inching upwards. This lower rate is one of the big draws of a 15-year mortgage.

Mortgages 73

Mortgages Fixed-rate mortgage Principal Loans 73

Marco Santarelli

MARCH 4, 2025

When the Fed lowers the federal funds rate, it can lead to lower mortgage rates. The market is constantly watching the Fed for clues about future rate adjustments. As of right now, the expectation is that interest rate cuts may not happen before the end of the year 2025. mortgage rates.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

Marco Santarelli

AUGUST 3, 2024

Owning a home is a significant financial commitment, and obtaining a mortgage is a crucial step in that journey. For many, the allure of a fixed-rate mortgage lies in its predictability – consistent monthly payments and the comfort of knowing your interest rate won't fluctuate.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Equity Renovation 52

Marco Santarelli

DECEMBER 31, 2024

As of December 31, 2024, mortgage rates have displayed a noteworthy decrease across various terms, bringing both hope and opportunity to prospective homebuyers and those considering refinancing their existing mortgages. 20-Year Fixed 6.48% -0.10 15-Year Fixed 6.03% -0.09 20-Year Fixed 6.54% -0.06

Mortgages 52

Mortgages Fixed-rate mortgage VA loan Finance 52

Marco Santarelli

MARCH 23, 2025

As of today, March 23, 2025, mortgage interest rates have slightly dropped compared to last weeks figures, providing a favorable landscape for potential homebuyers and those looking to refinance. 30-Year Fixed Rate: Currently at 6.51% , a marginal drop to be noted. It's wise to shop around and compare multiple lenders.

Mortgages 52

Mortgages Fixed-rate mortgage Pre-approval Pre-qualification 52

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%. So, yes, rates are down today, but keep those expectations in check.

Mortgages 93

Mortgages VA loan Debt-to-income ratio Fixed-rate mortgage 93

Marco Santarelli

DECEMBER 29, 2024

As of December 29, 2024 , the landscape of mortgage rates is crucial for anyone looking to buy or refinance a home. Todays mortgage rates reflect significant adjustments, with the average 30-year fixed mortgage interest rate sitting at 6.99%.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Closing costs 52

Marco Santarelli

APRIL 5, 2025

Mortgage rates have indeed taken a dip , partly due to the ongoing trade tensions and tariffs, which is usually welcome news for anyone looking to buy a home or refinance. However, the reality is that even with these lower borrowing costs, the overall cost of buying a house remains stubbornly high, hovering near record levels.

Mortgages 95

Mortgages Principal Construction Investor 95

Realtor.com

JANUARY 19, 2023

Getty Images If you have a fixed-rate mortgage , your payment is the same amount every month and never changes no matter how much the interest rates fluctuate. That’s where an adjustable-rate mortgage , or ARM, comes in. It’s a home loan with a lower interest rate than a fixed-rate mortgage.

Fixed-rate mortgage 100

Fixed-rate mortgage Mortgages Closing costs Loans 100

Marco Santarelli

APRIL 2, 2025

Let's look at the specifics for today's mortgage rates: Loan Type Rate 30-Year Fixed 6.50% 20-Year Fixed 6.18% 15-Year Fixed 5.86% 5/1 ARM 6.60% 7/1 ARM 6.38% 30-Year VA 6.06% 15-Year VA 5.62% 5/1 VA 6.07% 30-Year FHA 5.95% 5/1 FHA 5.69% As you can see, the benchmark 30-year fixed-rate mortgage is averaging 6.50% nationally.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Principal 52

Realty Biz

JULY 19, 2021

Everyone has different reasons for wanting to refinance a mortgage. Changing the amount of time your mortgage runs can help in a couple of different ways. Refinancing with a shorter mortgage could mean switching from 30 years to 15. Refinancing with a shorter mortgage could mean switching from 30 years to 15.

Mortgages 145

Mortgages Fixed-rate mortgage Equity Loans 145

Realtor.com

MARCH 12, 2021

Getty Images Mortgage rates are on the rise after nearly a year of record lows, providing a nudge to homeowners who want to refinance but didn’t get around to it yet. Here are some questions to consider: What rate makes sense for me? What if closing costs are too high? I have an adjustable-rate mortgage.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Marco Santarelli

JANUARY 25, 2025

As of January 25, 2025, mortgage refinance rates are showing some interesting trends that could potentially benefit you. The market is certainly not what it was a couple of years ago with those rock-bottom rates, but its also not as high as it could be. So, if youre comparing rates, be sure youre looking at the correct ones.

Mortgages 69

Mortgages VA loan Fixed-rate mortgage Equity 69

Realtor.com

NOVEMBER 28, 2022

pawel.gaul/iStock The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when borrowing money (e.g., when you get a mortgage loan or a credit card). APR can also be considered the total cost for borrowing money over a one-year period. Interest rate vs. APR.

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Closing costs Title search Fixed-rate mortgage Loans 122

Marco Santarelli

MARCH 8, 2025

Well, based on the latest data from early March 2025, you could be looking at a principal and interest payment of around $3,200 to $3,300 for a 30-year fixed-rate mortgage. Let's dig deeper and explore what makes up that monthly mortgage bill and what you should consider as you plan your home purchase. That's a drop of 0.15

Mortgages 59

Mortgages Fixed-rate mortgage Principal Loans 59

Marco Santarelli

MARCH 3, 2025

Today's mortgage rates, as of March 3, 2025, have dropped! The current average rate for a 30-year fixed mortgage is 6.27% , while the 15-year fixed mortgage rate is 5.57%. While this isnt directly the mortgage rate, it influences it. Lets dive into what this means for you.

Mortgages 102

Mortgages Fixed-rate mortgage Debt-to-income ratio Pre-approval 102

Marco Santarelli

DECEMBER 22, 2024

Mortgage refinance rates hold significant importance for homeowners who aim to lower their monthly payments or leverage their home equity for new financial opportunities. As of December 22, 2024, the average 30-year fixed refinance rate stands at 6.71% , down just 1 basis point from the previous day.

Mortgages 52

Mortgages Fixed-rate mortgage Equity Loans 52

Marco Santarelli

FEBRUARY 21, 2025

I know, I know, it's probably not what you wanted to hear, especially if you're dreaming of buying a home or refinancing your current mortgage. But understanding why these rates are sticking around is crucial for making smart financial decisions. This means the Fed might be less inclined to aggressively cut rates.

Mortgages 59

Mortgages Fixed-rate mortgage Loans Sales 59

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. Despite this recent bump, it's important to remember that rates are still more favorable compared to where they stood this time last year.

Mortgages 52

Mortgages Debt-to-income ratio Principal VA loan 52

Marco Santarelli

FEBRUARY 24, 2025

While this isn't the rock-bottom rates we saw a few years ago, it's crucial to understand why rates are where they are and what you can do as a potential homebuyer or homeowner. Mortgage Rate Predictions This Week: February 24 – March 2, 2025 The mortgage world has been quite complex for buyers.

Mortgages 52

Mortgages Fixed-rate mortgage Closing costs Equity 52

Marco Santarelli

APRIL 12, 2024

The landscape of US mortgage rates is a dynamic and ever-evolving arena, influenced by a myriad of economic factors and policy decisions. Current Trends and Forecasts for Next 5 Years Recent analyses and expert forecasts suggest a period of fluctuation in mortgage rates in the United States. by the end of 2025.

Mortgages 116

Mortgages Fixed-rate mortgage Loans Closing costs 116

HomeLight

MARCH 11, 2022

As Michael Stegman of Duke University, observes, “ Saving for a down payment remains one of the biggest barriers to obtaining a home mortgage ,” and in many cases, down payment assistance has become “the first rung on the homeownership ladder.”. The state capitol of Boston, one of America’s oldest cities, is now also a thriving tech hub.

Closing costs 111

Closing costs Debt-to-income ratio Fixed-rate mortgage Loans 111

HomeLight

AUGUST 26, 2020

Now you’re confused because you need a refinance appraisal, but you just got a purchase appraisal before being approved for a mortgage — is there a difference between a refinance appraisal vs. purchase appraisal? The main reason to refinance your mortgage. Converting an adjustable-rate mortgage to a fixed-rate mortgage.

Fixed-rate mortgage 144

Fixed-rate mortgage Equity Loans VA loan 144

Realtor.com

DECEMBER 14, 2022

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. And there are plenty out there: adjustable-rate mortgages, interest-only mortgages, 2-1 buydowns. Shop around for a mortgage.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans VA loan 102

Realty Biz

NOVEMBER 16, 2020

There are other reasons why buyers prefer adjustable rates. There are times when the slightly lower introductory rate for an ARM makes the difference if a person can qualify for a loan or not. Because fixed rate mortgages currently have such low interest rates, many lenders are actually discouraging ARMs.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans Closing costs 102

Realtor.com

DECEMBER 14, 2022

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. And there are plenty out there: adjustable-rate mortgages, interest-only mortgages, 2-1 buydowns. Shop around for a mortgage.

Fixed-rate mortgage 99

Fixed-rate mortgage Mortgages Loans VA loan 99

HomeLight

MAY 31, 2022

During the pandemic years, plunging interest rates were counter-balanced by rising home sales. Interest rates on 30-year fixed-rate mortgages reached their highest since April 2020. Answering this question requires more than subtracting your remaining mortgage loan balance from the sales price. Net proceeds.

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Seller concession Closing costs Staging Sales 124

Realty Biz

FEBRUARY 12, 2021

But experts say a low mortgage rate is only one part of the equation, as people also need to consider the loan’s annual percentage rate to take into account other costs such as upfront fees. annual interest may actually be paying at a rate of 3.1%.

Mortgages 93

Mortgages Fixed-rate mortgage Closing costs Loans 93

HomeLight

JANUARY 23, 2023

As a homeowner feeling financial pressure, you might consider refinancing your mortgage to get a lower rate or selling your home to cash out on the steep rise in home values over the last few years. The choice may be a difficult one, however, given recent interest rate hikes and historically high housing costs.

Mortgages 105

Mortgages Fixed-rate mortgage Equity Loans 105

Realty Biz

MARCH 5, 2021

For a lot of people, even saving up enough to cover a down-payment and closing costs is a daunting financial task. 203(k) Rehab Mortgage Insurance. The Rehab Mortgage Insurance program helps protect buyers from relying on improvement loans with high-interest rates and short repayment times. Repairing or Remodeling.

Closing costs 124

Closing costs Loans Renovation Fixed-rate mortgage 124

HomeLight

SEPTEMBER 30, 2020

Mortgage payments can take up a good chunk of your income, especially with a new home. And the interest you pay on that mortgage loan is nothing to sneeze at. In 1982, mortgage rates hit an annual average of 16.03%. That means for a 30-year conventional mortgage loan for $250,000, you’d be paying $962,458.72

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

Marco Santarelli

JANUARY 5, 2025

Figuring out mortgage rates can be a real pain, especially with how much they jump around these days. Today, as of January 5th, 2025, you're probably looking at about 6.70% if you want a 30-year fixed mortgage. That's a pretty common type of loan, where your interest rate stays the same for the whole 30 years.

Mortgages 52

Mortgages VA loan Loans Fixed-rate mortgage 52

HomeLight

NOVEMBER 20, 2023

Finding an assumable mortgage is like a dual treasure hunt. But if you succeed in your quest, you can sidestep today’s high mortgage interest rates and secure a monthly payment that could be hundreds of dollars less. Get Started What is an assumable mortgage? down payment. A standard 0.5%

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FHA loan Mortgages VA loan Loans 115