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Articles Tagged: Interest Rates

30-year fixed rate mortgage remains under 7 percent

Mortgage Interest Rates

The 30-year fixed rate mortgage (FRM) averaged 6.81 percent as of May 15, 2025, up from last week when it averaged 6.76 percent, according to the Freddie Mac. A year ago at this time, the 30-year FRM averaged 7.02 percent.

“The 30-year fixed-rate mortgage remained below the 7% threshold for the 17th consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “Stable mortgage rates coupled with moderately rising inventory are attracting homebuyers into the market, with purchase application activity up 18% from last year.”

The 15-year fixed-rate mortgage averaged 5.92 percent, up from last week when it averaged 5.89 percent. A year ago at this time, the 15-year FRM averaged 6.28 percent.

Filed Under: Market Trends Tagged With:

Real estate is still the best long-term investment

Real estate is still the best long-term investment

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.

According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:Continue Reading

Filed Under: Home Ownership, Market Trends Tagged With: , , ,

What’s next for home prices and mortgage rates?

What’s Next for Home Prices and Mortgage Rates?

If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out. The only thing you can really do is make the best decision you can based on the latest information available. So, here’s what experts are saying about both prices and rates.

1. What’s Next for Home Prices?

One reliable place you can turn to for information on home price forecasts is the Home Price Expectations Survey from Fannie Mae – a survey of over one hundred economists, real estate experts, and investment and market strategists.

According to the most recent release, experts are projecting home prices will continue to rise at least through 2028 (see the graph below):Continue Reading

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3 myths that are hurting home buyers and sellers

Myths about today's market that are hurting buyers and sellers

There’s no denying that it’s a tough market, with challenges for both buyers and sellers. But myths and misconceptions floating around about this market and what’s going to happen next aren’t making things any easier.

So what, exactly, are those myths and misconceptions, and why are they incorrect? Here are some of the common myths in today’s housing market that are hurting both buyers and sellers, including:

Myth 1: Owners with low mortgage rates will never sell.

Many buyers that purchased a home a few years ago locked in record low interest rates on their mortgages. And with interest rates significantly higher today, there’s a belief that those homeowners will never give up their low interest rates and sell. But the truth is, there are a ton of life circumstances that could force a person to list and sell their home — like a new job, growing family, or change in their financial situation — no matter what kind of interest rate they have on their mortgage.Continue Reading

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Infographic: Should I buy now or wait?

If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in the long run.

INFOGRAPHIC: Should I buy now or wait?

Let’s connect to put your home buying plans in motion before home prices and mortgage rates climb even higher.

Filed Under: Market Trends, Tips for Home Buyers Tagged With: , ,

Mortgage rates by decade

Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home.

Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last forever.

Mortgage rates by decade

If you’re in a position to buy a home, let’s connect to determine your best move in today’s housing market while interest rates are still in your favor.

Let’s connect to determine the best way to position you for a financially-savvy move in today’s market.

Filed Under: Market Trends Tagged With:

Infographic:
Mortgage rates and payments by decade

Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low. Today’s historic low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant.

Mortgage rates and payments by decade

Let’s connect to determine the best way to position you for a financially-savvy move in today’s market.

Filed Under: Market Trends Tagged With: ,

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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and Quail Creek resident. Whether you’re buying or selling a home in Quail Creek, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
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