Author: badmortgage
LOS ANGELES — The economic fallout from the war with Iran is driving up the cost of buying a home, even as other housing market trends in many parts of the country favor home shoppers this spring. A for sale sign stands outside a single-family residence on the market May 22, 2024, in southeast Denver. David Zalubowski I AP Mortgage rates have been rising since the war began, as surging energy prices heighten worries about higher inflation, pushing up the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to pricing home loans. × This page…
A condominium in a Spanish Revival-style complex in Los Angeles, a Craftsman house in Long Beach and a home from 1924 in Oakland.
The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.344%, barely changed from the previous day, according to data from mortgage data company Optimal Blue. Meanwhile, the average rate for a 15-year, fixed-rate conforming mortgage loan is 5.632%, down about 6 basis points for the same period. Compare mortgage rates for April 6, 2026 Here’s a quick look at week-over-week rate changes. Mortgage TypeRateRate A Week BeforeApproximate Basis Points Change30-year conventional6.344%6.422%-815-year conventional5.632%5.780%-1530-year jumbo6.522%6.509%+130-year FHA6.104%6.185%-930-year VA5.987%6.066%-830-year USDA6.052%6.020%+330-year conventionalRate6.344%Rate A Week Before6.422%Approximate Basis Points Change-815-year conventionalRate5.632%Rate A Week Before5.780%Approximate Basis Points Change-1530-year jumboRate6.522%Rate A Week Before6.509%Approximate…
Looking back on thrifts & mortgage finance stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Rocket Companies (NYSE:RKT) 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…
The Pittsylvania County Board of Supervisors will hold a public hearing to gather input on increasing both the real estate tax rate and the solid waste fee at 7 p.m. Thursday. The county is proposing to raise the real estate tax rate from 56 cents to 66 cents per $100 of assessed value. It is also considering increasing the solid waste household fee by $80 per household per year, from $120 to $200 annually. The board will vote on the proposed increases after the public hearing concludes on Thursday. The meeting will be held in the school board building at…
See Monday’s report on average mortgage rates adjustable-rate mortgages so you can pick the best home loan for your needs as you house shop.
Whitney Knieper recognized as an Associate Broker & Director of Operations at Knieper Realty, Inc. She takes pride in her deep industry knowledge and commitment to staying current on market developments, regulations and best practices. GRANBURY, TX, April 06, 2026 /24-7PressRelease/ — Whitney Knieper has been included in Marquis Who’s Who. As in all Marquis Who’s Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.Ms. Knieper has built a distinguished career in real estate,…
Sydney recorded the worst affordability reading among all capital cities at 40.4%, followed by Brisbane at 31.7%. Adelaide (28.0%), Perth (25.4%), Melbourne (23.9%), Hobart (23.3%), and Darwin (20.9%) recorded lower readings. RBA rate rises fuel concern The Reserve Bank of Australia (RBA) raised its policy cash rate by 25 basis points in both February and March 2026, bringing the rate to 4.1%, as it moves to contain resurgent inflation driven in part by a global energy crisis. Moody’s noted that the RBA had signalled further increases may be necessary to return inflation to its target range. According to the report,…
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Electra Real Estate (TASE:ELCRE) has drawn attention after reporting full year 2025 results, with sales of US$4.92 million, revenue of US$7.34 million and a net loss of US$48.14 million, including a lower loss per share. See our latest analysis for Electra Real Estate. At a share price of ₪53.98, Electra Real Estate has a 1-day share price return of 3.29% and a 7-day share price return of 4.17%. Its 30-day share price return of a 16.18% decline contrasts with…
Nuku’alofa, Tonga – More than four years on from one of the most powerful volcanic eruptions in history, Tonga is struggling to improve its infrastructure as it pays off a massive Chinese loan.When Hunga Tonga-Hunga Ha’apai erupted on Jan. 15, 2022, the blast could be heard as far away as Alaska and sent a powerful tsunami crashing into Tonga’s main island some 65 kilometers away, killing three people.Hundreds of homes were destroyed, businesses flattened and roads washed out, while most water supplies were left undrinkable as more than 15 centimeters of ash fell on the Tongan islands.