Author: badmortgage
The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.383%, an increase of about 4 basis points from the day before, according to data from mortgage data company Optimal Blue. Meanwhile, the average rate for a 15-year, fixed-rate conforming mortgage loan is 5.705%, Up about 8 basis points for the same period. Compare mortgage rates for April 7, 2026 Here’s a quick look at week-over-week rate changes. Mortgage TypeRateRate A Week BeforeApproximate Basis Points Change30-year conventional6.383%6.494%-1115-year conventional5.705%5.775%-730-year jumbo6.466%6.640%-1730-year FHA6.099%6.233%-1330-year VA5.979%6.121%-1430-year USDA5.967%6.182%-2130-year conventionalRate6.383%Rate A Week Before6.494%Approximate Basis Points Change-1115-year conventionalRate5.705%Rate A Week Before5.775%Approximate Basis Points…
Welcome to the Points Pro, where I answer your travel rewards and credit cards questions each week. If you have a question you’d like answered, you can submit it here.This week, CNBC Select editor Nicoletta Richardson asks :How long after I accumulate points should I use them, specifically when it comes to travel?The short answer: It depends on where you want to go and how you want to travel. I tend to use my travel rewards as far in advance as possible, but that may not be the best approach for you. If you’ve been eyeing a big welcome bonus…
Looking back on thrifts & mortgage finance stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including WaFd Bank (NASDAQ:WAFD) and its peers. Thrifts & Mortgage Finance institutions operate by accepting deposits and extending loans primarily for residential mortgages, earning revenue through interest rate spreads (difference between lending rates and borrowing costs) and origination fees. The industry benefits from demographic tailwinds as millennials enter prime homebuying age, technological advancements streamlining the loan approval process, and potential interest rate stabilization improving affordability. However, significant headwinds include net interest margin compression during rate volatility, increased competition from fintech disruptors offering…
If you’re planning to buy a home and the idea of a mortgage with an interest that fluctuates doesn’t scare you, you might be the target customer base for adjustable-rate mortgages. While fixed-rate mortgages are by far more popular, ARMs can be a smart financing option for folks who intend to rent out or flip the property they’re buying, or who know they’ll move before the ARM’s fixed-rate period ends and adjustment periods begin. Keep reading and we’ll explain what’s involved with an ARM, evaluate when you might want to consider an ARM instead of a fixed-rate mortgage, and look…
Yahoo Inc. has started discussions with lenders to refinance about $1.6 billion of leveraged loans, according to people with knowledge of the matter.
While national mortgage delinquency rates continue to sit below pre-pandemic benchmarks, a sharp decline in loan cure activity has pushed serious delinquencies to their highest volume since 2018. Though this surge has been predominantly driven by weakness in the Federal Housing Administration (FHA) lending segment, data released Monday by Intercontinental Exchange Inc. (ICE) paints a complex picture of the spring housing market. A recent 40-basis-point jump in 30-year mortgage rates has eroded some early-year affordability gains, though 99 of the top 100 markets remain more affordable than they were a year ago. Meanwhile, housing inventory is steadily growing, though extreme…
Executive summaryIndia’s power sector is entering a decisive age in which the pace and shape of the energy transition will be determined as much by the structure of debt finance as by technology or policy. Meeting the Indian government’s target of 500 gigawatt (GW) of renewable energy capacity by 2030 will require a steep, sustained increase in capital expenditure (capex), dominated by wind and solar assets that require long-tenor, amortising debt. The sector’s ability to mobilise such debts at sustainable costs will ultimately determine whether India’s transition succeeds or stalls.We have assessed the credit risk profiles of India’s eight key…
LE SUEUR, Minn. (KEYC) – The City of Le Sueur is nearing the end of an $8.3 million project this spring to improve and replace water, sewer and road infrastructure on North Fourth Street.To help pay for the project, Joe Roby, the city administrator, says that the city has been approved for a set of two loans from the Minnesota Public Facilities Authority’s Drinking Water and Clean Water Revolving Loan Programs.In total the city has received $6.3 million in loans to support the project at an interest rate of 2.2 percent, a little more than half the rate it would…
Reverse mortgage lender Finance of America is offering a new product that allows older homeowners to access their home equity without, they say, adding another monthly expense.Processing ContentThe lender launched HomeSafe Second Line of Credit, a second-lien reverse mortgage line of credit that allows homeowners 55 and older to draw funds as needed after an initial draw of 25% at time of origination, Finance of America announced. The product also preserves the borrower’s first mortgage, and its potentially lower mortgage rate, without requiring the new monthly payments of a traditional home equity line of credit.This is currently available in California,…
Dimon and Buffett Warn of Private Credit Risks Wall Street leaders highlight defaults, investor panic in $1.8 trillion market