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Meet Bill Rapp

NMLS ID # NMLS # 228246

William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.

The Client Experience

Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.

27185 Astoria Brook Ln, Katy, TX 77494, USA

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VA Loans

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Reverse Mortgages

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🔍 What’s a Good Mortgage Interest Rate Right Now? 🏡 (2025 Update)

📉 Current Mortgage Rates Explained: What’s Considered “Good” in Today’s Market? 💸

Bill Rapp, Commercial Mortgage Broker

May 21, 2025•2 min read

🔍 What’s a Good Mortgage Interest Rate Right Now? 🏡 (2025 Update)

📉 Current Mortgage Rates Explained: What’s Considered “Good” in Today’s Market? 💸

✍️ SEO-Optimized Blog Post:

🔍 What’s a Good Interest Rate Right Now? (2025 Mortgage Market Insights)

If you’ve been asking, “What’s a good interest rate right now?” — you’re not alone. Whether you’re buying your first home, refinancing, or exploring investment properties, understanding mortgage rates in real-time can save you thousands over the life of your loan.

At Medallion Mortgage, we specialize in helping Texans—especially buyers in Houston, Katy, and Fulshear—navigate today’s rates with clarity and confidence.

📊 What Is a “Good” Mortgage Rate in 2025?

As of May 2025, a “good” interest rate depends on your loan type, credit profile, and financing goals. Here's a quick breakdown:

Loan Type

Good Rate Range (May 2025)

Conventional 30-Year Fixed

6.75% – 7.25%

FHA Loans

6.50% – 7.00%

VA Loans

6.35% – 6.85%

Jumbo Loans

7.00% – 7.50%

DSCR / Non-QM

7.50% – 9.00%

(Note: These are averages and vary by borrower profile. Always get a personalized quote.)

🧠 Factors That Impact Your Interest Rate

Credit Score – Higher credit = lower rate. Aim for 740+.
Loan Type – FHA/VA may offer lower rates for lower down payments.
Down Payment – The more you put down, the better the rate.
Loan Term – 15-year loans often come with lower interest than 30-year terms.
Property Type – Owner-occupied homes typically qualify for better rates than investment properties.

🧾 Why You Should Shop Around

Many homebuyers make the mistake of stopping at the first quote. At Medallion Mortgage, we shop multiple lenders to ensure you’re getting the best deal available—not just the first offer.

We compare interest rates, fees, and closing costs to help you make the most informed decision possible.

🔁 Should I Wait for Rates to Drop?

Waiting can be risky. If you’re financially ready, it often makes more sense to buy now and refinance later if rates fall. Locking in a good deal today can protect you from future home price increases.

💬 Final Thoughts

“What’s a good interest rate right now?” is more than just a number—it’s about your goals, timeline, and how smart you are with the options available.

📞 Let’s chat today and see what YOU qualify for.

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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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Licensed to Do Business | NMLS # 228246

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds

Corporate | NMLS ID NMLS # 1825831

Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014

Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/

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