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Rocket launches program to lower first-year mortgage payments

Housing Wire

UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage. Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest.

Mortgages 418
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Today’s Mortgage Rates April 17, 2025: Rates Drop for Three Days in a Row

Marco Santarelli

Economic forecasts suggest mortgage rates might stabilize around 6% by 2026, but volatility remains. Current Mortgage Rates: Snapshot of April 17, 2025 Loan Type Interest Rate Details 30-year fixed 6.74% The most popular fixed-rate mortgage. Might miss out on falling interest rates.

Mortgages 109
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Today’s Mortgage Rates Rise Averaging 7.01%: January 01, 2025

Marco Santarelli

Understanding Mortgage Rates Mortgage rates are the interest rates that lenders charge on home loans. These rates can be classified as fixed-rate or adjustable-rate (ARM). Lets explore how the current 7.01% mortgage rate affects a common loan amount, like $340,000.

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Today’s Mortgage Rates March 17, 2025: Rates Are Rising Again Slowly

Marco Santarelli

The rate you personally qualify for can vary based on factors like your credit score, down payment amount, the type of property you're buying, and even where you live. The Popular 30-Year Fixed-Rate Mortgage The 30-year fixed-rate mortgage is still the most common choice for homebuyers, and for good reason.

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Tariffs Push Mortgage Rates Down But Housing Costs Remain Record High

Marco Santarelli

Mortgage rates, particularly for 30-year fixed-rate mortgages, often follow the trend of these Treasury yields. So, as tariffs and trade concerns create economic uncertainty, pushing investors towards bonds, we often see a corresponding decrease in mortgage rates. Are prices still rising rapidly?

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How Much Would a $500,000 Mortgage Cost Per Month in March 2025?

Marco Santarelli

If you've got your sights set on a $500,000 home, you're likely asking the big question: How much would a $500,000 mortgage cost per month in March 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.

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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.