Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Marco Santarelli

MARCH 4, 2025

However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. It signifies a potentially more favorable environment for entering the housing market or adjusting your current mortgage terms. mortgage rates.

Mortgages 119

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

Marco Santarelli

MARCH 17, 2025

Are you keeping an eye on mortgage rates today, March 17, 2025? If you're in the market to buy a home or thinking about refinancing, you're probably wondering what's happening with interest rates. 15-year fixed mortgage rates are hovering near 5.93%.

Mortgages 72

Mortgages Fixed-rate mortgage Principal Loans 72

Marco Santarelli

MARCH 13, 2025

Here's a detailed look at current averages from Zillow's data: Type of Mortgage Interest Rate (%) 30-year fixed 6.34 20-year fixed 6.11 15-year fixed 5.65 As reflected in the table, the rates have progressed over the last few months. 5/1 ARM 6.38 7/1 ARM 6.79 30-year VA 5.86 15-year VA 5.28 5/1 VA 5.76

Mortgages 52

Mortgages Fixed-rate mortgage Debt-to-income ratio Principal 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%. Looking Ahead: Whats Next for Mortgage Rates?

Mortgages 93

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

Marco Santarelli

MARCH 30, 2025

Long-Term Goals Matter: When choosing between a 15-year and 30-year mortgage , consider your short-term cash flow needs versus long-term interest savings. Focus on Financial Health: Improving your credit score and lowering your debt-to-income ratio are key factors in securing a lower mortgage rate.

Mortgages 64

Mortgages Principal Fixed-rate mortgage Debt-to-income ratio 64

Marco Santarelli

DECEMBER 22, 2024

As of December 22, 2024, the average 30-year fixed mortgage rate has increased to 6.67% , marking its highest point since June 2024. Understanding these rates is important for making informed decisions in the housing market, whether you're buying a home or refinancing your current mortgage.

Mortgages 52

Mortgages VA loan Fixed-rate mortgage Debt-to-income ratio 52

Marco Santarelli

MARCH 25, 2025

This benchmark rate is a popular choice for its stability and predictability, making it a crucial indicator for the housing market. 15-Year Fixed Mortgage Rate: Increased to 5.97%. The interest rate remains constant throughout the loan term, offering peace of mind and simplifying long-term financial planning.

Mortgages 52

Mortgages Fixed-rate mortgage Debt-to-income ratio Principal 52

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

DECEMBER 11, 2024

Mortgage rates have climbed today as the market anticipates the report from the Consumer Price Index (CPI) set to be released later today. As of December 11, 2024, the national average for the 30-year fixed mortgage rate is 6.26% , while the 15-year fixed rate has risen to 5.62%.

Mortgages 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

Realtor.com

FEBRUARY 2, 2022

And older boomers (aged 66 to 74) scooped up an additional 14% of the market during the same period, according to a recent report from the National Association of Realtors®. Watch your debt-to-income ratio. When you retire, your lack of income may scare some lenders. Get creative with your mortgage.

Debt-to-income ratio 100

Debt-to-income ratio Mortgages Fixed-rate mortgage Lending 100

HomeLight

JUNE 22, 2023

To help you understand exactly what you’re getting into, we’ve created a comprehensive guide that answers the most common mortgage questions buyers have for lenders about the mortgage process. Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

Marco Santarelli

JANUARY 6, 2025

Several factors influence current mortgage rates: Economic Indicators: Mortgage rates often respond to broader economic trends, such as inflation, employment data, and housing market statistics. Credit Score and Financial Profile: Your credit score plays a vital role in determining the rate you receive.

Mortgages 97

Mortgages Debt-to-income ratio Fixed-rate mortgage VA loan 97

Marco Santarelli

MARCH 6, 2025

Let's be real, the mortgage world is full of confusing terms. Let me break down some of the most important ones: Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term. This can mean lower initial payments, but also the risk of your rate going up later. A lower DTI is better.

Mortgages 64

Mortgages Debt-to-income ratio Loans Principal 64

Marco Santarelli

MARCH 3, 2025

It is also important to know about geopolitical events, which might indirectly influence mortgage rates. Understanding Different Types of Mortgage Rates Let's break down the different types of mortgage rates you'll encounter: Fixed-Rate Mortgage: This is the most common type.

Mortgages 102

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

Marco Santarelli

OCTOBER 14, 2023

According to Freddie Mac's Primary Mortgage Market Survey (PMMS) , which tracks the average rates for 30-year fixed-rate mortgages since 1971 , mortgage rates have ranged from a record low of 2.65% in January 2021 to a record high of 18.63% in October 1981. to 8.6% , averaging around 6.2%

Debt-to-income ratio 88

Debt-to-income ratio Mortgages Fixed-rate mortgage Construction 88

HomeLight

OCTOBER 15, 2020

Maximum debt-to-income ratio of 43% (this is known as DTI, and it looks at how much debt you pay each month versus how much income you bring in). Minimum down payment amount of 5% (or even as low as 3% for certain programs for low- to middle-income borrowers). Fixed-rate mortgage.

Loans 98

Loans FHA loan Debt-to-income ratio VA loan 98

Marco Santarelli

JANUARY 23, 2025

While lower initial payments are appealing, its essential to consider future adjustments that can increase costs after the initial fixed period of five years. Jumbo Mortgage Rates For homebuyers in higher-cost markets needing larger loans exceeding the conforming loan limits, jumbo mortgages are critical.

Mortgages 52

Mortgages Debt-to-income ratio Loans Fixed-rate mortgage 52

Realty Biz

MARCH 15, 2023

With changes in the housing market, you might question whether it is a good time to buy a house. What happens in the housing market is important, but your financial situation and whether you are ready to buy a home should be more influential in your decision. Don't assume the national headlines apply to your local market.

Debt-to-income ratio 111

Debt-to-income ratio Fixed-rate mortgage Mortgages Loans 111

Realty Biz

JUNE 15, 2022

A fixed-rate mortgage is stable for 15 to 30 years, but rents may increase on average as much as 5% per year. . Money spent on a mortgage each month is building equity in something you’ll eventually own, and is a foundational means to growing wealth. Student Loan Debt Must Be Paid off.

Debt-to-income ratio 98

Debt-to-income ratio VA loan Fixed-rate mortgage Loans 98

Redfin

JULY 11, 2024

Interest rate type: Fixed or adjustable rates affect total interest. How are mortgage rates determined? Mortgage lenders, such as Bay Equity , set rates on a borrower-by-borrower basis, influenced by both market and personal factors. economic growth: Strong economic growth can push rates up.

Mortgages 71

Mortgages Fixed-rate mortgage Debt-to-income ratio Principal 71

Redfin

SEPTEMBER 6, 2024

Fixed-rate mortgage vs adjustable-rate mortgage There are two main types of mortgage interest rates: fixed-rate and adjustable-rate. A fixed-rate mortgage has an interest rate that remains the same throughout the life of the loan.

Debt-to-income ratio 69

Debt-to-income ratio Fixed-rate mortgage Principal Loans 69

HomeLight

MARCH 11, 2022

For buyers, that’s not always good news: Massachusetts’ popularity means the state has a competitive housing market. Both Boston and Cambridge host strong, stable housing markets, and you’ll pay top dollar to live in either city. At the same time, buyers should be thoughtful about this state’s rural housing market.

Closing costs 111

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

Marco Santarelli

OCTOBER 6, 2024

Expert Forecasts : The Mortgage Bankers Association expects average rates of 6.2% in the fourth quarter of 2024 and 6% in the first quarter of 2025. Current Mortgage Rates and Trends According to the Primary Mortgage Market Survey® by Freddie Mac, the current average for a 30-year fixed-rate mortgage (FRM) stands at 6.12%.

Mortgages 97

Mortgages Debt-to-income ratio Fixed-rate mortgage Banks 97

Point2Homes

NOVEMBER 8, 2020

As tempting as the current low rates are, it’s best to start off by asking yourself how refinancing your mortgage will benefit you. Are you trying to switch from an adjustable-rate to a fixed-rate mortgage? Perhaps you’re looking for a lower interest rate, or to turn your 30-year loan into a 15-year one.

Debt-to-income ratio 75

Debt-to-income ratio Mortgages Fixed-rate mortgage Closing costs 75

Marco Santarelli

MARCH 27, 2025

Your Debt-to-Income Ratio (DTI): How much of your income goes to debt payments? Right now, in March 2025, the average 30-year fixed mortgage rate is around 6.65% according to Freddie Mac. However, after a set period (usually 5, 7, or 10 years), the rate adjusts based on market conditions.

Debt-to-income ratio 52

Debt-to-income ratio Mortgages Fixed-rate mortgage Loans 52

Realty Biz

SEPTEMBER 30, 2023

In addition to credit scores, lenders also consider factors such as your income, employment history, savings, current debts, and the value of the home you intend to purchase. Demonstrating a stable income, sufficient savings, and a low debt-to-income ratio can strengthen your mortgage application, even with a low credit score.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Marco Santarelli

APRIL 26, 2023

The housing market is an ever-changing landscape, with various factors influencing its trends and movements. One of the most significant factors impacting the housing market is interest rates. Housing market interest rates (or mortgage rates) play a crucial role in the decision-making process for both homebuyers and sellers.

Marketing 52

Marketing Debt-to-income ratio Fixed-rate mortgage Banks 52

Redfin

SEPTEMBER 4, 2024

There are several reasons you might want to do so like to lower your interest rate, change your loan term, your credit’s improved, debt consolidation, converting an ARM to a fixed-rate mortgage, converting an FHA loan to a conventional loan, or freeing up cash via decreasing your home’s equity.

Mortgages 69

Mortgages Debt-to-income ratio Closing costs Principal 69

HomeLight

JUNE 16, 2023

If you’re a homeowner with consumer or student debt, it’s tempting to tap into your home’s equity with a cash-out refinance to pay down these balances. In some instances, prioritizing paying off your high-interest debt over your fixed-rate mortgage can expedite your journey to financial freedom.

Fixed-rate mortgage 88

Fixed-rate mortgage Equity Loans Debt-to-income ratio 88

Redfin

AUGUST 12, 2024

Higher credit scores typically secure lower interest rates, resulting in lower monthly payments and less paid over the life of the loan. Income stability : Lenders prefer borrowers with a stable income and employment history. Documenting at least two years of consistent income can be crucial.

Loans 74

Loans Mortgages Pre-approval Fixed-rate mortgage 74

Marco Santarelli

JUNE 25, 2024

Today's Mortgage Rates & Predictions for Next Week Good News for Long-Term Homeowners: 30-Year Rates Drop There's a ray of hope for those seeking stability and predictability. The average 30-year fixed-rate mortgage, the most popular option, has dipped to 7.00%, a welcome decrease of 2 basis points from last week.

Mortgages 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Equity 52

HomeLight

AUGUST 28, 2020

homeowners don’t even know what their mortgage rate is , much less how it’s factored. We spoke to John Boyles, HomeLight’s Head of Capital Markets, to walk us through the basics of mortgage rates, so you can make an informed decision when it comes to your home purchase. GSEs and secondary mortgage markets.

Mortgages 104

Mortgages Loans Fixed-rate mortgage Principal 104

Redfin

FEBRUARY 11, 2021

When you apply for a mortgage , your lender may ask if you’re going to put up 20% of the home’s sale price as a down payment. Depending on your local housing market , this can be a significant amount that not every homebuyer can afford. These borrowers often carry large student debts, which skew their debt-to-income ratio.

Debt-to-income ratio 66

Debt-to-income ratio VA loan Fixed-rate mortgage Loans 66

Marco Santarelli

AUGUST 18, 2024

As of today, August 18, 2024, mortgage rates are creating waves in the real estate market, sparking interest among homebuyers and homeowners considering refinancing. With experts predicting further drops in mortgage rates, understanding the landscape is more critical than ever. When is the best time to refinance?

Mortgages 52

Mortgages VA loan Debt-to-income ratio Fixed-rate mortgage 52

Windemere Selling

JUNE 13, 2022

Homeowners can often reach a financial fork in the road when they must decide to either refinance their existing mortgage or sell their home. Each route has its respective advantages depending on your financial health, the mortgage rate market , and the future needs of your household.

Debt-to-income ratio 52

Debt-to-income ratio Fixed-rate mortgage Loans Principal 52

Marco Santarelli

DECEMBER 14, 2024

Navigating the current housing market requires an understanding of today's mortgage rates , which are pivotal for anyone looking to buy a home or refinance. On December 14, 2024, mortgage rates have increased slightly, highlighting the influence of economic fluctuations and upcoming Federal Reserve decisions.

Mortgages 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52