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Today’s Mortgage Rates March 4, 2025: Rates Have Dropped Sharply

Marco Santarelli

15-Year Fixed: You'll pay it off faster and pay significantly less interest over the life of the loan. 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.

Mortgages 119
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Today’s Mortgage Rates April 2, 2025: 30-Year Fixed Rate Drops to 6.5%

Marco Santarelli

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.

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How Do I Find a Home With an Assumable Mortgage?

HomeLight

Along with the obvious advantage of a lower interest rate, an assumed loan can also come with fewer transaction fees and greater speed. There are typically fewer fees involved when you do an assumable mortgage rather than a new origination. Generally, government-backed or insured loans are the most common assumable loans.

FHA loan 115
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Mortgage Refinance Rates Rise Compared to Last Week – December 22, 2024

Marco Santarelli

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.

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How To Finance Turnkey Rental Properties?

Norada Real Estate

As a cash buyer, you can also save on closing costs. You don't need to pay a bank attorney for the mortgage. Financing turnkey rental properties with cash means you don't need to put real estate taxes in escrow upfront nor pay for a mortgage application and loan origination fees. Fixed-rate mortgages.

Finance 96
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15 Mortgage Questions to Ask Lenders Before Buying a House

HomeLight

If you’re going to buy a home, you’ll need enough savings for a down payment, closing costs, and financial experts advise that you should also have enough money left over in your savings accounts to cover at least three months of expenses in case of an emergency. Q: Should I get a fixed-rate or adjustable-rate mortgage?

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Today’s Mortgage Rates March 31, 2025: A Slight Drop Offers Opportunity

Marco Santarelli

This rate environment makes careful shopping and understanding your loan options even more critical. Let's quickly touch on the different types of loans listed. Fixed-rate mortgages (like the 15-year, 20-year, and 30-year options) keep the same interest rate for the entire loan term.