Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. They do this to reduce their risk and to free up their capital to process more loans. Fixed-rate mortgages provide stability and predictability.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Housing Wire

JANUARY 25, 2022

The Community Home Lenders Association (CHLA), which represents small and mid-sized IMBs, just sent a letter to the Federal Housing Finance Authority (FHFA) , asking for tweaks to FHFA’s recently announced fee hikes on second home and high balance Fannie Mae and Freddie Mac loans. CHLA strongly opposed the PSPA caps. This seems ludicrous.

Marketing 370

Marketing Fixed-rate mortgage Banks Loans 370

Housing Wire

OCTOBER 16, 2023

.” With that, Broeksmit rattled off a number of grievances against foes the Beltway. Mortgage rates On the day Broeksmit addressed the crowd in Philadelphia, mortgage rates were north of 7.7% on a standard 30-year fixed-rate mortgage.

Banks 448

Banks Fixed-rate mortgage Lending Mortgages 448

Marco Santarelli

DECEMBER 20, 2024

Here's the straightforward answer: The best time to refinance is when interest rates are lower than your current rate, or when your financial situation has improved, allowing you to secure a better loan term. Refinancing to a fixed-rate mortgage provides stability and predictability. Who doesn't want that?

Mortgages 92

Mortgages Fixed-rate mortgage Loans Principal 92

Marco Santarelli

DECEMBER 29, 2024

Lender Competition: A competitive lending environment can lead to better rates for consumers. Understanding these variables is vital for borrowers, as it helps them anticipate potential mortgage costs and make informed decisions regarding their loans. Contact us today to expand your real estate portfolio with confidence.

Mortgages 111

Mortgages Lending Fixed-rate mortgage Loans 111

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

JANUARY 21, 2025

Today's mortgage rates on January 21, 2025, have witnessed a modest increase across various loan types, providing crucial insights for potential buyers and current homeowners. Specifically, the average rates for 30-year fixed, 15-year fixed, and adjustable-rate mortgages have risen.

Mortgages 98

Mortgages Fixed-rate mortgage Loans Principal 98

Marco Santarelli

DECEMBER 27, 2024

Generally, a mortgage interest rate represents the cost to borrow money expressed as a percentage. Borrowers can select between fixed-rate mortgages and adjustable-rate mortgages (ARMs). Adjustable-Rate Mortgages (ARMs): Typically, ARMs start with lower rates than fixed rates.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Loans Principal 52

Point2Homes

AUGUST 26, 2021

In this guide, we’ll take a quick look at the different types of mortgage loans available. Conventional Loans. A conventional loan is any mortgage loan that is not guaranteed or insured by a government entity. Conventional loans are provided through private lenders, banks or credit unions.

Loans 103

Loans Mortgages Fixed-rate mortgage FHA loan 103

Marco Santarelli

MARCH 4, 2025

Today's Mortgage Rates March 4, 2025: Rates Have Dropped Sharply Navigating the world of mortgages can feel like deciphering a complex code. There are so many different types of loans, lenders, and economic factors that play a role. Let's break down exactly what the mortgage rates look like right now.

Mortgages 95

Mortgages Debt-to-income ratio VA loan FHA loan 95

Marco Santarelli

MARCH 11, 2025

Understanding these rates can help you make informed decisions in your home buying journey. Exploring the Mortgage Options While traditional fixed-rate mortgages are often the go-to choice for many buyers, there are various mortgage products available to meet different financial needs.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages VA loan FHA loan 52

Marco Santarelli

DECEMBER 31, 2024

Current Mortgage Rates Heres a closer look at todays mortgage rates for various types of mortgages, which may help guide your decision-making process: Purchase Mortgage Rates Mortgage Type Interest Rate Change 30-Year Fixed 6.64% -0.08 20-Year Fixed 6.48% -0.10

Mortgages 52

Mortgages Fixed-rate mortgage VA loan Finance 52

HomeLight

OCTOBER 15, 2020

We talked to Jessica Sanchez, Director of Underwriting & Loan Management at HomeLight Home Loans, to walk through the ins and outs of conventional loans. What’s a conventional loan? A conventional loan is a private mortgage that’s not backed by the federal government (we’ll get to government loans in a bit).

Loans 98

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

Marco Santarelli

DECEMBER 22, 2024

In this detailed exploration, we will delve into what these rates mean, trends and factors influencing them, and how you can decide whether refinancing is the right choice for your financial situation. A robust economy can lead to higher interest rates, as lenders anticipate increased demand for loans. Is Refinancing Worth It?

Mortgages 52

Mortgages Equity Fixed-rate mortgage Loans 52

Marco Santarelli

DECEMBER 26, 2024

To grasp the concept of mortgage rates, it's important to note that these rates represent a fee for borrowing money, expressed as a percentage. There are mainly two types of mortgage rates: Type Description Fixed-Rate Mortgages A fixed-rate mortgage maintains the same interest rate for the entire loan duration.

Mortgages 52

Mortgages Fixed-rate mortgage Finance Loans 52

Marco Santarelli

JANUARY 25, 2025

Today's Refinance Rates at a Glance Alright, lets get straight to the good stuff the actual rates. VA Loan Advantages: If youre a veteran or on active duty, you should definitely pay attention to this. VA loans are government-backed and tend to have some seriously attractive rates. Its a gamble but can pay off.

Mortgages 68

Mortgages VA loan Fixed-rate mortgage Equity 68

Marco Santarelli

DECEMBER 29, 2024

The Federal Reserve's decision to lower interest rates earlier in the season has not translated into immediate reductions in mortgage rates, illustrating the complex relationship between federal rates and the mortgage market. For more information about these rates, visit Bankrate for detailed comparisons.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Closing costs 52

Marco Santarelli

DECEMBER 28, 2024

They influence your monthly payments and the overall cost of your loan. As we move through December 2024, the national mortgage average shows a mix of options depending on the loan term and type. As we move through December 2024, the national mortgage average shows a mix of options depending on the loan term and type.

VA loan 52

VA loan Mortgages Fixed-rate mortgage Loans 52

Marco Santarelli

DECEMBER 22, 2024

Adjustable Rates When considering the right mortgage type , borrowers frequently weigh fixed-rate mortgages against adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages: These loans offer stability by locking in the interest rate for the entire duration of the mortgage (typically 15-30 years).

Mortgages 52

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

Redfin

AUGUST 12, 2024

Choosing the right home loan is a crucial step in your homebuying journey. With various mortgage types available, navigating the options can be overwhelming. Whether you’re looking to buy your first home in Austin or refinance your house in Miami , understanding the different mortgage types and key factors is essential.

Loans 74

Loans Mortgages Pre-approval Fixed-rate mortgage 74

HomeLight

AUGUST 26, 2020

Lower mortgage rates and lower payments are excellent reasons to refinance, but there are other reasons someone might want to consider refinancing. Converting an adjustable-rate mortgage to a fixed-rate mortgage. FHA Streamline is a program that will pay off your existing, non-delinquent FHA mortgage.

Fixed-rate mortgage 144

Fixed-rate mortgage Equity Loans VA loan 144

Marco Santarelli

DECEMBER 21, 2024

This increased competition often drives prices up and can indirectly influence mortgage rates as lenders adjust to the heightened risk associated with higher-priced loans. Analysis of Mortgage Types Understanding the different types of mortgages available is crucial as they have varied implications on your financial future.

Mortgages 52

Mortgages VA loan Loans FHA loan 52

Marco Santarelli

FEBRUARY 16, 2025

Todays Mortgage Rates February 16, 2025: Rates Hold Steady Key Takeaways Current Average Rates : 30-Year Fixed : 6.53% 15-Year Fixed : 5.87% Adjustable Rates : Competitive 5/1 and 7/1 ARMs at 6.45% and 6.40%. per month (Principal & Interest) 15-Year Fixed (5.87%) : Approximately $1,296.19

FHA loan 52

FHA loan Mortgages Principal VA loan 52

Realty Biz

DECEMBER 30, 2022

More specifically, you'll need to spend some time educating yourself on the different types of mortgage loans. It'll enable you to sift through the home loans available to you so that you can decide which one will work best for you. It'll also help you get access to the best mortgage rates around.

Loans 69

Loans FHA loan Mortgages Debt-to-income ratio 69

Realtor.com

AUGUST 26, 2020

Andrew Harrer/Bloomberg via Getty Images WASHINGTON—Many homeowners who refinance their mortgages in the next three months will avoid paying an additional fee averaging $1,400, a federal regulator said Tuesday. Mortgage-finance giants Fannie Mae and Freddie Mac will delay a 0.5% surcharge on refinanced home loans until Dec.

Mortgages 99

Mortgages Fixed-rate mortgage Loans Finance 99

Marco Santarelli

DECEMBER 11, 2024

Below, we explore two of the most common mortgage types: 30-year fixed mortgages and 15-year fixed mortgages , along with adjustable-rate mortgages (ARMs). Factors such as credit scores, debt-to-income ratios, and market trends will significantly impact individual mortgage experiences.

Mortgages 52

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

Realty Biz

MAY 28, 2022

You need to know your different mortgage options and which one is the best for you and your situation. Conventional Home Loan- This is the primary type of loan that most of you will already be familiar with. It is a loan that is not backed by any government entities.

Mortgages 94

Mortgages VA loan Fixed-rate mortgage Bankruptcy 94

Realty Biz

MARCH 5, 2021

The Rehab Mortgage Insurance program helps protect buyers from relying on improvement loans with high-interest rates and short repayment times. Part of the loan goes toward paying the seller, while the rest is placed into an escrow account and released to the buyer as renovations are completed. FEMA Housing Assistance.

Closing costs 124

Closing costs Loans Renovation Fixed-rate mortgage 124

Lab Coat Agents

FEBRUARY 7, 2023

How To Get The Best Mortgage Rate You can do a few things to ensure you get the best mortgage rate possible. First, compare rates from several lenders. Next, consider the type of loan that’s right for you. Don’t be afraid to ask for a lower rate or better terms. What Is A USDA Loan?

FHA loan 96

FHA loan VA loan Pre-approval Fixed-rate mortgage 96

HomeLight

MARCH 11, 2022

The minimum down payment for a conventional loan is 3%, but Massachusetts buyers typically offer more than that. As throughout the country, a 20% down payment will help you avoid mortgage insurance on your loan, and the more you can pay upfront, the more likely you are to get the home you want. and 4% of your total loan amount.

Closing costs 111

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

Realtor.com

APRIL 26, 2021

-Oxford-/iStock If you have a mortgage , you may wonder whether you should refinance, having heard that everyone’s doing it these days. Mortgage refinancing is where you apply for a new loan on a home you already have. All things being equal, it’s better to owe 4% interest on a loan rather than 18% on a credit card.

Mortgages 109

Mortgages Fixed-rate mortgage Loans Equity 109

HomeLight

JUNE 22, 2023

You would add up all of your monthly debt payments, such as auto loans, mortgage payments, minimum payments on credit cards, student loan payments and installment debts,” explains Marcus Rittman from HomeLight Home Loans. That’s because lenders will also look at your debt-to-income ratio, or DTI.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

Realtor.com

NOVEMBER 10, 2022

Design by Realtor.com / Getty Images (3) Some sobering news: For would-be buyers who have had their home searches foiled or delayed by soaring mortgage interest rates , the housing market is likely to get worse before it gets better. Mortgage rates are expected to keep rising after new indicators showed that inflation rose 7.7%

Mortgages 88

Mortgages Fixed-rate mortgage MLS As-is 88

Marco Santarelli

DECEMBER 18, 2024

With a projected interest rate of 6.5% , how much would your monthly payments be? Here's a breakdown: Loan Amount: $300,000 Interest Rate: 6.5% Partner with Norada in 2025, Your Trusted Source for Turnkey Investment Properties Discover high-quality, ready-to-rent properties designed to deliver consistent returns.

Banks 98

Banks Marketing Fixed-rate mortgage Mortgages 98

RIS Media

FEBRUARY 24, 2021

Video game designer Tyler Jaggers is one taker. Baltimore offers $5,000 for a down payment on a house, in the form of a five-year loan that’s forgiven at the pace of $1,000 a year. To be eligible for Buying Into Baltimore, you must buy with a fixed-rate mortgage—cash deals and adjustable-rate mortgages don’t qualify.

Fixed-rate mortgage 106

Fixed-rate mortgage Design Mortgages As-is 106

Marco Santarelli

DECEMBER 16, 2024

Today's Mortgage Rates Drop to 6.73% Ahead of Key Fed Meeting – December 16, 2024 Key Takeaways Mortgage rates are trending down for all major loan types ( Bankrate ). 30-year fixed-rate mortgage: 6.73% , down from last weeks 6.79% (-6 basis points).

Mortgages 52

Mortgages Fixed-rate mortgage Finance Loans 52

Lab Coat Agents

MARCH 8, 2023

How To Get The Best Mortgage Rate Because mortgage rates vary so much from one lender to the next, comparing rates is crucial before choosing a mortgage. A few percentage points can mean thousands of dollars in savings over the life of your loan, so it’s worth shopping around.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Loans Banks 52