Housing Wire

JUNE 26, 2023

“The number of refinances decreased amid rising mortgage rates from 111,251 in the fourth quarter of 2022 to 78,445 in the first quarter of 2023.” The serious delinquency rate also decreased to 0.6% The number of foreclosure starts increased 6% during Q1 to 19,809, while third-party and foreclosure sales rose 12% to 3,700.

VA loan 369

VA loan FHA loan Fixed-rate mortgage Principal 369

Housing Wire

AUGUST 7, 2023

is one of the few places in the world where you can get a fixed-rate mortgage amortized over 30 years. Fixed-rate mortgages provide stability and predictability. The criteria to qualify for a fixed-rate mortgage has not changed much in the last 60 years.

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

Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. Overall, mortgage applications fell last week by 8.8% from 12.8%

Mortgages 396

Mortgages Marketing Fixed-rate mortgage Loans 396

Marco Santarelli

MARCH 2, 2025

Generally, the 30-year fixed-rate mortgage is the most popular choice among homebuyers. This type allows homeowners to spread out their payments over three decades, resulting in lower monthly payments compared to shorter term loans. USDA loans, aimed at rural homebuyers, also offer 0% down options for qualified borrowers.

Mortgages 105

Mortgages Fixed-rate mortgage Loans Principal 105

Marco Santarelli

FEBRUARY 28, 2025

It's expressed as a percentage of the loan amount, and it's how the lender makes money on the loan. There are two main types of mortgage interest rates: Fixed-Rate Mortgages: These are pretty straightforward. When the Fed raises rates, mortgage rates tend to go up, and vice versa.

Mortgages 96

Mortgages Fixed-rate mortgage Loans VA loan 96

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%. Well, breathe a sigh of relief, because there's a bit of good news!

Mortgages 93

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

Marco Santarelli

JANUARY 25, 2025

There still aren't many houses for sale, though, which keeps prices supported. 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 69

Mortgages VA loan Fixed-rate mortgage Equity 69

Marco Santarelli

APRIL 12, 2025

Adjustable Rates When considering mortgage options, many face the choice between fixed-rate and adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages Pros: Consistency: Monthly payments remain stable throughout the life of the loan, which allows for easier budgeting.

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RIS Media

SEPTEMBER 10, 2020

Freddie Mac recently released the results of its Primary Mortgage Market Survey ®, which showed that the 30-year fixed rate mortgage is averaging 2.86 Here’s the breakdown: 30-Year Fixed-Rate Mortgage. 15-Year Fixed-Rate Mortgage. Averaged 2.86 percent with an average 0.8

Mortgages 132

Mortgages Fixed-rate mortgage VA loan Loans 132

Marco Santarelli

DECEMBER 21, 2024

Supply and Demand in the Housing Market The housing market's supply and demand dynamics further influence mortgage rates. An increase in buyer demand, coupled with a limited supply of homes available for sale, can lead to higher competition among buyers. Current Rates : 7/1 ARM at 6.69% Pros : Lower initial payments.

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Mortgages VA loan Loans FHA loan 52

Marco Santarelli

MARCH 27, 2025

Refinance Rates: Generally similar to purchase rates, with the 30-year fixed refinance at 6.61% and the 15-year fixed refinance at 6.00%. VA Loans: Continue to offer potentially lower rates for eligible military-affiliated borrowers. The 30-year VA loan rate is at 6.14%.

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Mortgages Principal Fixed-rate mortgage VA loan 52

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. VA IRRRL (interest rate reduction refinance loan).

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Eye on Housing

JULY 27, 2022

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% Conventional loans financed 74.8% of new home sales in the second quarter of 2022—a 1.8

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FHA loan Loans Sales Finance 124

Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. Buy mortgage points to lower your rate.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans VA loan 102

Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. Buy mortgage points to lower your rate.

Fixed-rate mortgage 99

Fixed-rate mortgage Mortgages Loans VA loan 99

RIS Media

APRIL 6, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 4.90% from 4.80% , with points decreasing to 0.53 from 0.56 (including the origination fee) for 80% loan-to-value ratio (LTV) loans.

Fixed-rate mortgage 94

Fixed-rate mortgage Mortgages Loans Industrial 94

Marco Santarelli

MARCH 31, 2025

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.

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Mortgages Principal Loans VA loan 64

Real Trends

OCTOBER 23, 2022

In addition to rising rates, first-time homebuyers have the normal fears of purchasing the right property, knowing what they can afford, knowing what lender to pick, and putting down a large chunk of change for the first time. First-time homebuyers have a few loan options open to them – FHA, USDA loans, VA loans.

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VA loan Pre-approval Fixed-rate mortgage Loans 72

Redfin

APRIL 11, 2025

But the national average and the cost of houses for sale in your area can look drastically different. When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord. Homeowners might also get some tax breaks for mortgage interest and property taxes, which can save you some money.

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Norada Real Estate

JUNE 22, 2022

They usually buy them at REO auctions, renovate them and rent them out to the tenants, before putting the property on the market for sale. If your down payment is lower than 20%, your loan-to-value ratio for conventional financing will be higher than 80%, and your lender may require you to pay private mortgage insurance.

Finance 96

Finance FHA loan Investor Loans 96

Marco Santarelli

AUGUST 9, 2024

Factors Driving the Surge in Mortgage Applications 1. Plummeting Mortgage Rates: The most significant driver of this upward trend is the considerable decrease in mortgage rates. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 6.55

Mortgages 52

Mortgages Fixed-rate mortgage VA loan Loans 52

Redfin

FEBRUARY 11, 2021

However, before finalizing your list of new homeowner expenses, one of the often-forgotten costs to consider adding is private mortgage insurance (PMI). 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. Your loan type can also affect PMI requirements.

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HomeLight

AUGUST 28, 2020

Mortgage and housing market factors. Another factor affecting mortgage rates? The health of mortgage and housing markets. For example, lenders look at the supply of housing (how many homes are on sale or being built) and buyer demand (how many qualified buyers are looking to purchase homes) to help determine rates. “We

Mortgages 104

Mortgages Loans Fixed-rate mortgage Principal 104

HomeLight

NOVEMBER 29, 2021

William Hagan , a New Jersey agent who typically sells homes more than 40% faster than the average agent in his area, warns that even a 20% down payment may not be enough to win a bidding war in the 2021 sales market. “In You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more.

Land 110

Land Closing costs Purchase and sale agreement Loans 110

Marco Santarelli

APRIL 24, 2024

Housing prices might surge further while you wait patiently, potentially negating any benefits from a lower interest rate. According to a recent report by the National Association of Realtors (NAR) , existing-home median sales prices have risen year-over-year for 129 consecutive months.

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Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

HomeLight

JANUARY 31, 2022

It can also affect whether or not you’ll need mortgage insurance. You’ll want to subtract this amount from the total sales price because the down payment is your contribution to purchasing the house, so the lender won’t need to give you a loan to cover the full sales price because you’re covering some of it.

Loans 98

Loans Mortgages FHA loan Principal 98

Realty Biz

APRIL 27, 2023

More Interesting Figures from the Report There’s even more of interest in the MBA report, especially when it comes to loan sizes. Purchase loans went down as well by around $6,000 to a new average of $431,600. FHA and VA loans also declined, with the former dropping by one-tenth of a percentage point to 12.6 percent to 6.55

Finance 52

Finance Mortgages VA loan Fixed-rate mortgage 52

HomeLight

AUGUST 31, 2021

You’ll want to be sure you’ve kept the home long enough to recoup your transaction costs — real estate agent fees, closing costs, and any repairs or maintenance done to the home to prepare for sale. What’s considered a good rate of return on your home purchase? FHA loans: as low as 3.5%. VA loans: no down payment required.

Closing costs 97

Closing costs Loans Equity Banks 97

HomeLight

JANUARY 27, 2021

If you put down less than 10%, you can’t cancel the mortgage insurance unless you refinance. VA loans : Finally, there are VA loans that have advantageous features for qualifying military service members and their spouses. …And your interest rate types. Adjustable-rate interest.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

HomeLight

NOVEMBER 6, 2023

This means that a qualified buyer can take over the existing FHA loan, subject to lender approval. You will need to qualify for traditional FHA loan requirements, such as having a credit score of at least 580 and being able to make a minimum down payment of 3.5%. VA funding fee.

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FHA loan VA loan Mortgages Marketing 111

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Balloon mortgage. ” A.

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Purchase and sale agreement Title Pre-approval Proof of funds 98

Housing Wire

NOVEMBER 27, 2024

“Purchase activity drove overall applications higher last week, as conventional purchase applications picked up pace and mortgage rates declined for the first time in over two months,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. But government loans saw their shares shrink.

Mortgages 366

Mortgages VA loan FHA loan Fixed-rate mortgage 366

Marco Santarelli

APRIL 8, 2025

Today's mortgage rates, as of April 8, 2025 , show an average of approximately 6.50% for a 30-year fixed-rate mortgage. This figure reflects a slight decrease in rates following recent political news but remains susceptible to fluctuations due to inflationary pressures.

Mortgages 59

Mortgages Fixed-rate mortgage VA loan FHA loan 59

Marco Santarelli

FEBRUARY 5, 2025

Even if rates do fall, prospective homebuyers still face other challenges, including: Sluggish wage growth: Wages haven't kept pace with inflation, making it harder for people to save for a down payment and afford monthly mortgage payments. So, while lower rates would certainly help, they won't solve the affordability crisis overnight.

Mortgages 93

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