Author: badmortgage
The cockroaches are starting to emerge.
Before making any home-buying moves, it helps to understand exactly where mortgage rates stand. Sakchai Vongsasiripat/Getty Images Mortgage rates have been ticking upward since the start of April, and the economic backdrop heading into this new week isn’t doing much to push them back down, either. A wave of new tariff announcements rattled markets last week, injecting fresh uncertainty into an economy that was already navigating elevated inflation and a cautious Federal Reserve. For homebuyers hoping for relief at the start of this spring homebuying season, that turbulence has translated directly into higher borrowing costs — with the 30-year mortgage…
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27 investors backed the deal, including 4 first-time buyers, expanding Pagaya’s funding base. Since 2018, it has issued $36B across 86 ABS deals.
Cornerstone Capital Bank earns Scotsman Guide Top Originator Rankings, leading the industry in total loan volume and funded loans per loan officer HOUSTON, April 6, 2026 /PRNewswire/ — Cornerstone Capital Bank (“Cornerstone”) proudly celebrates the people behind the numbers. Nearly half of Cornerstone’s residential mortgage loan officers have earned national recognition as Scotsman Guide 2026 Top Originators, one of the mortgage industry’s most competitive and respected rankings. The Scotsman Guide recognition reflects a broader pattern of performance. The latest numbers show that Cornerstone loan officers funded nearly twice the number of home loans per month and led annual loan volume compared…
Sumitomo Mitsui Financial Group Inc. and Nippon Life Insurance Co. are in talks to set up a private credit fund with initial capital of at least ¥500 billion ($3.1 billion), people familiar with the matter said, as the Japanese financial giants seek to capitalize on a surge in corporate deals.
Today, April 6, 2026, the average 30-year fixed refinance rate has nudged up to 6.84%, a slight increase of 3 basis points from the previous week. This small shift might seem insignificant, but for many homeowners, it’s part of a larger trend we’re watching closely in the mortgage market. Mortgage Rates Today, April 6, 2026: 30-Year Refinance Rate Rises by 3 Basis Points What’s Happening with Refinance Rates Today? Let’s break down the numbers we’re seeing for April 6, 2026: 30-Year Fixed Refinance: This is the most common mortgage, and it’s currently sitting at 6.84%. It’s up from last week’s…
CHARLOTTESVILLE, VA (CVILLE RIGHT NOW) – Charlottesville City Council will hold public hearings at its regular meeting Monday night focused on the proposed 2027 city budget as well as the proposed 2-cent real estate tax hike recommended by City Manager Sam Sanders. “Staff estimates the additional $0.02 real estate tax levy will generate an additional $2,467,724 in revenue,” according to the meeting agenda. Sanders said the increase is needed to balance the budget in the face of increased costs associated with collective bargaining, transit investment, and school local match funds. The increase would bring the city’s real estate tax rate…
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Since the US-Israeli war with Iran erupted, yields on the ten-year Treasury note have risen almost half a point, pulling residential mortgage coupons up a similar amount for 30-year fixed rate loans. Markets generally assume that nothing can be done to force mortgage rates down without the Fed restarting massive purchases of Treasury debt (aka “quantitative easing” or QE.) But this is wrong. Processing ContentPresident Donald Trump has focused on lowering mortgage rates through direct intervention, specifically directing Fannie…
(Credit: Reporter file) Listings prepared for Times Review Media Group by Suffolk Vision Inc., dated Jan. 23, 2026. SHELTER ISLAND Heights (11965) • 12 Terry Drive LLC to Denise Burns, 12 Terry Drive (700-17-1-66) (R) $2,799,000 AQUEBOGUE (11931) • Thomas & Carrie-Ann Gallo to Douglas Borge & Kristin Harbes, 24 Jacobs Place (600-86-4-7.008) (R) $899,000 CUTCHOGUE (11935) • Patricia & Peter Schleipman to Kenneth & Karin Beecher, 1350 Vanston Road (1000-111-4-8) (R) $1,550,000 • Cheryl Viviano & Virginia Romano to Stefan & Danielle Caiazzo, 36020 Main Road (1000-97-2-1) (R) $925,000 GREENPORT (11944) • Dean & Denise Karavas to Philip &…