Latest news with #Realtors
Yahoo
20 hours ago
- Business
- Yahoo
Mortgage and refinance interest rates today, July 15, 2025: A little higher or lower based on your loan term
Mortgage interest rates are a study in contrasts today. A little higher — and a little lower, depending on your loan term. According to Zillow, the 30-year fixed mortgage rate stepped higher by eight basis points to 6.71% while the 15-year fixed rate fell seven basis points to 5.82%. President Trump threatened 100% tariffs on Russia yesterday, but bond yields and the dollar stepped slightly higher. The 10-year Treasury, closely tied to mortgage rates, has been basically flat over the past week, and a fraction lower over the past 30 days. Mortgage rates are mirroring the flat path. Dig deeper: What determines mortgage rates? Here are the current mortgage rates, according to our latest Zillow data: 30-year fixed: 6.71% 20-year fixed: 6.33% 15-year fixed: 5.82% 5/1 ARM: 7.42% 7/1 ARM: 7.25% 30-year VA: 6.24% 15-year VA: 5.56% 5/1 VA: 6.21% Remember that these are the national averages and rounded to the nearest hundredth. Have questions about buying, owning, or selling a house? Submit your question to Yahoo's panel of Realtors using this Google form. These are the current mortgage refinance rates, according to the latest Zillow data: 30-year fixed: 6.76% 20-year fixed: 6.46% 15-year fixed: 6.01% 5/1 ARM: 7.57% 7/1 ARM: 7.48% 30-year VA: 6.36% 15-year VA: 6.07% 5/1 VA: 6.37% Again, the numbers provided are national averages rounded to the nearest hundredth. Refinance rates are usually higher than purchase rates. A mortgage calculator can help you see how various mortgage term lengths and interest rates will affect your monthly payments. Use this mortgage calculator to play around with different outcomes. The Yahoo Finance mortgage calculator also considers factors like property taxes and homeowners insurance when calculating your estimated monthly mortgage payment. This gives you a better idea of your total monthly payment than if you just looked at mortgage principal and interest. As a general rule, 15-year mortgage rates are lower than 30-year mortgage rates. When comparing 15- versus 30-year mortgage rates, know that the shorter term will save you money on interest in the long run. However, your monthly payments will be higher because you're paying off the same loan amount in half the time. For example, with a $400,000 mortgage with a 30-year term and a 6.71% rate, you'll make a monthly payment of about $2,584 toward your mortgage principal and interest. As interest accumulates over decades, you'll end up paying $530,156 in interest. If you get a $400,000 15-year mortgage with a 5.82% rate, you'll pay about $3,337 monthly toward your principal and interest. However, you'll only pay $200,597 in interest over the years. If that 15-year mortgage monthly payment is too high, remember you can always make extra mortgage payments on your 30-year loan to pay off your mortgage faster and ultimately pay less interest. With a fixed-rate mortgage, your rate is locked in from day one. However, you will get a new rate if you refinance your mortgage. An adjustable-rate mortgage keeps your rate the same for a set period of time. Then the rate will go up or down depending on several factors, such as the economy and the maximum amount your rate can change according to your contract. For example, with a 7/1 ARM, your rate would be locked in for the first seven years, then change every year for the remainder of your term. Adjustable rates sometimes start lower than fixed rates, but once the initial rate-lock period ends, you risk your interest rate going up. ARM rates have also been starting higher than fixed rates recently, so sometimes you don't get a rate break. Dig deeper: Adjustable-rate vs. fixed-rate mortgage — Which should you choose? Economists don't expect drastic mortgage rate drops before the end of 2025. In 2024, mortgage rates trended downward from early August to the Sept. 18 Federal Reserve meeting, when the central bank announced a 50-basis-point slash to the federal funds rate. Since that announcement, mortgage rates have mostly increased or held steady. The Fed decreased its rate again at its November and December meetings (by 25 bps each time). The trajectory of future mortgage rates will largely depend on the Federal Reserve's decision on whether or not to cut the federal funds rate at its 2025 meetings. The Fed has not cut its rate at any of its 2025 meetings so far. According to the CME FedWatch tool, there's a 95% chance that the rate will remain unchanged at the Fed's next meeting on July 30. This means rates probably won't significantly drop in the next couple of months. A sudden financial setback could change that. Dig deeper: Understanding the Fed's rate decisions — Do we want high or low interest rates? According to Zillow data, today's 30-year fixed rate is 6.71% for home purchases and 6.76% for refinances. These are the national averages, so keep in mind the average in your state or city could be different. Your rate will also vary depending on your personal finances. Mortgage rates may be slightly lower by the end of 2025, but they're unlikely to drop drastically anytime soon. Mortgage rates may ease a bit lower before the end of 2025, though probably not as sharply as many expected a few months ago. Depending on the economy, inflation, and the Fed, any decreases may be relatively small.
Yahoo
2 days ago
- Business
- Yahoo
June Brings Stronger Sales and More Listings to Northern Virginia Housing Market
Higher inventory and buyer activity shape a more balanced market FAIRFAX, Va., July 14, 2025 /PRNewswire/ -- Northern Virginia's housing market showed renewed strength in June as a wave of new listings helped meet buyer demand and drive year-over-year gains in both home sales and total transaction volume, according to the Northern Virginia Association of Realtors® (NVAR). The number of homes sold in June 2025 climbed to 1,847 — a 13.6% increase over June 2024. As more transactions closed, total sold dollar volume reached more than $1.64 billion, marking a 15.2% gain from the previous year. Inventory was the key driver of this growth. Active listings jumped 52.7% year-over-year, reaching 2,512 properties on the market. This helped push the months of supply to 1.84, a 46.5% increase compared to June 2024, giving buyers more breathing room than in recent years. While buyer activity was strong, increased inventory also brought slight shifts in pricing and pace. The median sold price in June 2025 dipped 1.3% year-over-year to $770,000. Homes stayed on the market for an average of 20 days, a 42.9% increase from the previous year. Together, these trends point to a market that is normalizing — offering buyers more flexibility while encouraging sellers to align with evolving conditions. "We view this as a healthy recalibration," said NVAR CEO Ryan McLaughlin. "Buyers have more time to make informed decisions. Pricing is stabilizing after years of intense upward pressure. These are all indicators of a maturing, resilient market that is adjusting to new conditions without losing momentum." This summer, buyers in the region are taking a more measured approach, reflecting a transition toward a more balanced market environment. "The difference this year is options," said NVAR Board Member Veronica Seva-Gonzalez, Compass. "Buyers aren't rushing into the first available home; they're able to take a breath, compare choices, and still act competitively when the right property comes along. It's a more thoughtful market, and that's good for everyone. While some markets have seen inventory improve, competition remains fierce in some of the most sought-after areas, where well-priced homes are still receiving multiple offers." Looking ahead, NVAR anticipates steady market activity, particularly if more homeowners choose to list their properties. With conditions gradually balancing and opportunities expanding, the region is well-positioned for continued resilience in the months ahead. "Northern Virginia's economic stability, excellent schools, and overall quality of life remain major draws," McLaughlin said. "If more sellers enter the market, we anticipate strong performance across the region for the rest of the year." BACKGROUND The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax, and Falls Church and the towns of Vienna, Herndon, and Clifton. Below are June 2025 regional home sales compared to June 2024 for Northern Virginia, with data derived from Bright MLS as of July 9, 2025 (total sales and listings may not include garage/parking spaces): The number of closed sales in June 2025 was 1,847 units. This was a 13.6% increase compared to June 2024. The volume sold in June 2025 was $1,640,647,044. This was a 15.2% increase compared to June 2024. The average sold price was $889,295 in June 2025. This was down 0.1% compared to June 2024. The number of new pending sales in June 2025 was 1,677 units. This was down 0.5% from June 2024. The number of active listings in June 2025 was 2,512 units. This number was up 52.7% compared to June 2024. The number of new listings in June 2025 was 1,567 units. This number was up 1.8% compared to June 2024. Read more about the NVAR regional housing market at NVAR Charts, Graphs, Social Media for June 2025 NVAR Housing Stats June Housing Data: Click Jurisdiction Infographic: Click Region Infographic: Click 2023 Housing Economic Impact Report: Click 2025 Mid-Year Housing Forecast Update: Click links are accessible from the Market Stats page here: Click here. About NVARThe Northern Virginia Association of Realtors® (NVAR) serves as the voice of real estate in the Greater Northern Virginia Region. NVAR is dedicated to enhancing Realtor® success by delivering exceptional value, driving innovation, and impacting the industry. Headquartered in Fairfax, Virginia, NVAR supports its 12,000 members with essential resources, including industry education, advocacy, networking, and professional development opportunities. The Association is committed to promoting ethical practices and excellence in real estate. It advocates on behalf of homebuyers, sellers, renters, and commercial tenants who are directly affected by local, state, and federal policy decisions impacting affordability, property rights, and quality of life. NVAR strives to elevate the standards of the real estate industry and to contribute to the overall growth and prosperity of the Washington DC Metropolitan Area and beyond. Follow us on X: @nvarVisit us on Facebook: us on LinkedIn: NVARFollow us on Instagram: nvarffx View original content to download multimedia: SOURCE Northern Virginia Association of Realtors® (NVAR) Sign in to access your portfolio
Associated Press
02-07-2025
- Business
- Associated Press
Digital Dream Homes Revolutionizes Real Estate Websites with a Risk-Free 60-Day Trial for Realtors
Digital Dream Homes offers a unique 60-day free trial for real estate professionals, providing custom websites built to attract local buyers and sellers. United States, July 2, 2025 -- Transforming Real Estate Marketing: Digital Dream Homes Redefines Website Solutions for Realtors Digital Dream Homes (DDH), a leader in high-end real estate website design and marketing solutions, is transforming how Realtors establish their online presence. The company recently introduced an industry-first 60-day free trial, designed to eliminate the risks traditionally associated with real estate marketing. While most competitors require hefty upfront payments or long-term contracts, DDH is putting its trust in its clients by offering them a fully customized, high-converting website, free of charge for two months. They do not even require a credit card. As the real estate market evolves, agents are increasingly turning to online platforms to capture more leads and connect with local buyers and sellers. However, many Realtors find themselves frustrated with cookie-cutter solutions that fail to deliver meaningful results. DDH's approach sets them apart by offering tailored, premium websites backed by expert strategies and a transparent, risk-free commitment. A New Kind of Trial: Why the 60-Day Free Offer Matters The foundation of Digital Dream Homes' mission lies in trust and transparency. Founder Matt Pieczarka explained, 'We invest in our clients' Google presence because, well, that's where the people ready to take action are going. They are actively searching for 'realtor near me,' or 'homes for sale in Raleigh,' or 'sell my home now.' Our clients see results because they only get found by people ACTIVELY going to Google and searching for the terms real estate clients search for. They are not random people.' By focusing on local SEO and lead-generation strategies, DDH ensures that Realtors receive tangible, measurable results during their free trial, making it an ideal option for agents who are tired of vague promises from traditional website providers. Through a well-rounded approach that includes IDX integration, SEO optimization, and automated lead follow-ups, DDH helps clients grow their digital footprint while focusing on the metrics that matter most—more listings, higher visibility, and stronger local connections. The Advantages of Customized Websites for Real Estate Professionals Unlike template-based services that offer generic websites with limited functionality, Digital Dream Homes provides an all-inclusive experience. Realtors can expect not only stunning website designs but also powerful tools and features aimed at attracting and retaining clients. Every DDH website is meticulously crafted to meet the specific needs of each real estate professional, empowering them to stand out in a competitive market. A major benefit of working with DDH is the seamless integration of IDX (Internet Data Exchange) property searches, which allows potential buyers to explore available listings directly from the Realtor's website. This integration plays a critical role in ensuring a website's effectiveness in capturing potential clients who are already actively searching for homes in a given area. With SEO optimization, DDH websites are designed to rank highly in local search results, giving Realtors an edge in the digital landscape. This means more organic traffic, better visibility, and ultimately, more opportunities to connect with local buyers and sellers. As Pieczarka noted, this specialized focus on SEO ensures clients aren't just appearing in general online traffic but are reaching individuals who are searching for real estate professionals right in their community. Empowering Realtors with Autonomy: Breaking Free from Traditional Lead Platforms DDH is committed to helping agents break free from the dependency on third-party lead platforms like Zillow and By offering Realtors a fully customized website, DDH empowers agents to take control of their own digital destiny. With a website that showcases their unique expertise and local market knowledge, Realtors no longer need to rely on expensive, impersonal lead-generation tools. Instead, they can build an online presence that's reflective of their brand and personal values, drawing in the clients that truly matter. The 60-day free trial is an added advantage for agents who may have been burned by other services in the past. Instead of requiring upfront payments, DDH allows Realtors to test the effectiveness of their new website without risk or commitment. This trial period gives agents ample time to evaluate the features of the website, track leads, and see firsthand the benefits of a well-crafted digital marketing strategy. Setting a New Standard for Real Estate Marketing Digital Dream Homes is setting a new bar for quality, transparency, and effectiveness in real estate marketing. Their risk-free 60-day trial is a bold move in an industry often characterized by hidden fees and uncertain outcomes. With its focus on design, technology, and marketing strategy, DDH is proving that Realtors deserve better than the outdated, one-size-fits-all solutions that have long dominated the industry. For agents looking to take control of their digital presence, DDH offers a streamlined path from strategy and design to launch and ongoing support. Their commitment to client success is evident in their work and their approach, making DDH a trusted partner for experienced Realtors who are ready to grow their business in the digital age. About Digital Dream Homes Founded by Matt Pieczarka, Digital Dream Homes (DDH) is a premier provider of luxury real estate websites that combine beautiful design, advanced technology, and proven marketing strategies. DDH specializes in creating high-converting websites tailored to the unique needs of Realtors, helping them stand out online and attract more buyers and sellers. The company's mission is to make high-end digital marketing accessible to real estate professionals seeking independence from costly third-party platforms. Media Contact Matt Pieczarka Founder, Digital Dream Homes Email: [email protected] Contact Info: Name: Matt Pieczarka Email: Send Email Organization: Digital Dream Homes Website: Release ID: 89163673 In case of identifying any errors, concerns, or inconsistencies within the content shared in this press release that necessitate action or if you require assistance with a press release takedown, we strongly urge you to notify us promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team is committed to addressing your concerns within 8 hours by taking necessary actions diligently to rectify any identified issues or supporting you with the removal process. Delivering accurate and reliable information remains our top priority.
Yahoo
01-07-2025
- Business
- Yahoo
Mortgage and refinance interest rates today, July 1, 2025: Small moves in both directions for 15- and 30-year terms
Mortgage interest rates are mixed today, with very small moves in both directions. According to Zillow, the 30-year fixed mortgage rate rose two basis points to 6.55%, while the 15-year fixed rate fell by the same two basis points to 5.69%. The yield on the 10-year Treasury fell Monday, and stocks extended their recent rally as the U.S. Senate agonized over the federal spending bill. Tariff news is settling down, and the tensions with Israel and Iran are mostly on hold for now. It could be a calm week in the markets, barring any major news developments. Dig deeper: What determines mortgage rates? Here are the current mortgage rates, according to our latest Zillow data: 30-year fixed: 6.55% 20-year fixed: 6.12% 15-year fixed: 5.69% 5/1 ARM: 7.14% 7/1 ARM: 6.89% 30-year VA: 6.13% 15-year VA: 5.46% 5/1 VA: 6.26% Remember that these are the national averages and rounded to the nearest hundredth. Have questions about buying, owning, or selling a house? Submit your question to Yahoo's panel of Realtors using this Google form. These are the current mortgage refinance rates, according to the latest Zillow data: 30-year fixed: 6.65% 20-year fixed: 6.20% 15-year fixed: 5.84% 5/1 ARM: 7.27% 7/1 ARM: 7.13% 30-year VA: 6.07% 15-year VA: 5.82% 5/1 VA: 7.27% Again, the numbers provided are national averages rounded to the nearest hundredth. Refinance rates are usually higher than purchase rates. A mortgage calculator can help you see how various mortgage term lengths and interest rates will affect your monthly payments. Use this mortgage calculator to play around with different outcomes. The Yahoo Finance mortgage calculator also considers factors like property taxes and homeowners insurance when calculating your estimated monthly mortgage payment. This gives you a better idea of your total monthly payment than if you just looked at mortgage principal and interest. As a general rule, 15-year mortgage rates are lower than 30-year mortgage rates. When comparing 15- versus 30-year mortgage rates, know that the shorter term will save you money on interest in the long run. However, your monthly payments will be higher because you're paying off the same loan amount in half the time. For example, with a $400,000 mortgage with a 30-year term and a 6.55% rate, you'll make a monthly payment of about $2,541 toward your mortgage principal and interest. As interest accumulates over decades, you'll end up paying $514,918 in interest. If you get a $400,000 15-year mortgage with a 5.69% rate, you'll pay about $3,309 monthly toward your principal and interest. However, you'll only pay $195,585 in interest over the years. If that 15-year mortgage monthly payment is too high, remember you can always make extra mortgage payments on your 30-year loan to pay off your mortgage faster and ultimately pay less interest. With a fixed-rate mortgage, your rate is locked in from day one. However, you will get a new rate if you refinance your mortgage. An adjustable-rate mortgage keeps your rate the same for a set period of time. Then the rate will go up or down depending on several factors, such as the economy and the maximum amount your rate can change according to your contract. For example, with a 7/1 ARM, your rate would be locked in for the first seven years, then change every year for the remainder of your term. Adjustable rates sometimes start lower than fixed rates, but once the initial rate-lock period ends, you risk your interest rate going up. ARM rates have also been starting higher than fixed rates recently, so sometimes you don't get a rate break. Dig deeper: Adjustable-rate vs. fixed-rate mortgage — Which should you choose? Economists don't expect drastic mortgage rate drops before the end of 2025. In 2024, mortgage rates trended downward from early August to the Sept. 18 Federal Reserve meeting, when the central bank announced a 50-basis-point slash to the federal funds rate. Since that announcement, mortgage rates have mostly increased or held steady. The Fed decreased its rate again at its November and December meetings (by 25 bps each time). The trajectory of future mortgage rates will largely depend on the Federal Reserve's decision on whether or not to cut the federal funds rate at its 2025 meetings. The Fed has not cut its rate at any of its 2025 meetings so far. According to the CME FedWatch tool, there's about a 79% chance that the rate will remain unchanged at the Fed's next meeting on July 30. This means rates probably won't significantly drop in the next couple of months. A sudden financial setback could change that. Dig deeper: Understanding the Fed's rate decisions — Do we want high or low interest rates? According to Zillow data, today's 30-year fixed rate is 6.55% for home purchases and 6.65% for refinances. These are the national averages, so keep in mind the average in your state or city could be different. Your rate will also vary depending on your personal finances. Mortgage rates may be slightly lower by the end of 2025, but they're unlikely to drop drastically anytime soon. Mortgage rates may ease a bit lower before the end of 2025, though probably not as sharply as many expected a few months ago. Depending on the economy, inflation, and the Fed, any decreases may be relatively small.
Daily Mail
26-06-2025
- Business
- Daily Mail
Want to bag a condo for less than a TV? State sees huge surge in insanely cheap homes amid crash
Realtors are predicting that right now may be the best time to buy a condo in an unexpected state. As Florida 's housing market heads for a crash - with a flooding the market, soaring HOA fees and sky-high insurance rates - they've found somewhat of a silver lining: affordability.
