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What’s Ahead For Mortgage Rates This Week – October 13th, 2025

October 13, 2025 by Kay Monigold

Due to the government shutdown, nearly all reports will be delayed aside from a few third party reports. The Consumer Sentiment report has been released on time and shows that consumers are still frustrated with the economy and increasingly high inflation. It is unknown when the government shutdown will end and when we will be seeing reports released again in a timely fashion. Interest rates will still be continued to be adjusted amidst the government shutdown.

Consumer Sentiment
Americans have soured on the prospect of finding new jobs, a new survey shows. They are also still frustrated by persistent inflation, giving them little confidence that the economy will improve soon. The first reading of the consumer sentiment survey in October was basically flat at 55.0, the University of Michigan said Friday. The index has been hovering at levels that are typically experienced during recessions.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw a decrease of -0.02% for this week, with the current rate at 5.53%
• 30-Yr FRM rates saw a decrease of -0.04% for this week, with the current rate at 6.30%

MND Rate Index
• 30-Yr FHA rates saw no change for this week. Current rates at 6.03%
• 30-Yr VA rates saw a decrease of -0.01% for this week. Current rates at 6.04%

Jobless Claims
Initial Claims were reported to be delayed until further notice.

What’s Ahead
The CPI and PPI — key inflation reports — are tentatively scheduled to be released.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

The Connection Between Your Debt-to-Income Ratio and Mortgage Approval

October 10, 2025 by Kay Monigold

When applying for a mortgage, one of the most important factors lenders review is your debt-to-income ratio. This simple calculation helps determine how much of your monthly income is already committed to paying debts, and it plays a major role in whether you qualify for a home loan. Understanding how this ratio works can improve your chances of securing the right mortgage.

What Debt to Income Ratio Means
Your debt-to-income ratio, often called DTI, measures the percentage of your monthly income that goes toward paying debts. These debts include credit cards, car loans, student loans, and the expected mortgage payment. Lenders use this figure to assess whether you can comfortably handle the additional responsibility of a mortgage without overextending yourself.

How Lenders Calculate It
The formula is straightforward. Lenders add up your total monthly debt payments and divide that number by your gross monthly income. For example, if you earn 6,000 dollars per month before taxes and your debt payments are 2,000 dollars, your debt to income ratio is 33 percent. Generally, most lenders prefer to see this number under 43 percent, although the specific limit can vary depending on the loan program.

Why It Matters for Mortgage Approval
Lenders want to ensure that borrowers are financially stable and unlikely to default. A lower debt to income ratio signals that you have room in your budget for housing costs, which makes you a stronger candidate. A higher ratio, on the other hand, may indicate that your finances are stretched, which can make it harder to qualify or may limit the loan amount you are offered.

Ways to Improve Your Ratio
If your debt-to-income ratio is higher than recommended, there are strategies to lower it. Paying down credit card balances or paying off smaller loans can quickly reduce your debt payments. Avoiding new debt before applying for a mortgage is also important. In some cases, increasing your income through a raise, side work, or a second job can help balance the equation.

Managing your debt-to-income ratio is one of the most effective ways to strengthen your mortgage application. By preparing ahead of time, you can improve your chances of approval and secure more favorable loan terms.

Filed Under: Mortgage Tips Tagged With: Debt To Income Ratio, Mortgage Approval, Mortgage Tips

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Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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