Author: badmortgage
PHOENIX – A variety of market conditions are combining to sour both sides of the homebuying market in metro Phoenix, a local real estate expert said. According to the Phoenix Business Journal, Valley active listings fell by 3.8% and home sales declined by 2.8% year-over-year in February. Meanwhile, mortgage rates have been climbing since dipping below 6% in late February, according to Freddie Mac. The 30-year fixed-rate mortgage average was up to 6.46% on Thursday, the highest level in seven months. Kimberly Winson-Geideman, director of the Arizona State University Division of Real Estate, said the conditions are working against both…
The average 30-year rate is at its highest point since September 2025.
Investors rushed out of Blue Owl’s flagship and technology-focused credit funds as jitters continue to sharpen in private credit.Blue Owl’s largest fund, a $36 billion pot of corporate loans known by its ticker, OCIC, received redemption requests for 22% of its assets, the firm said today. A smaller, $6 billion fund loaded with software loans — an unsettled corner of the investment world as AI disruption looms — saw 41% withdrawal requests. Blue Owl capped both at 5% withdrawals, as is industry standard.In all, investors sought to redeem about 25% of their money across the two funds, according to Semafor…
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The rate for a 30-year fixed-rate mortgage was 6.46% this week, up from 6.38% last week, according to Freddie Mac. A year ago, the rate was 6.64%. The rate for a 15-year fixed-rate mortgage was 5.77%, up from 5.75% last week. A year ago, the rate was 5.82%.
Rates for personal loans start at around 6.20% and they can sometimes fund in a day. But they’re not right for everyone.
Ohio is emerging as a foreclosure hot spot, with activity running higher than the national average, according to a new analysis published by Realtor.com.More than 38,800 properties across the U.S. had foreclosure filings in February, marking the 12th straight month of year‑over‑year increases, according to ATTOM’s latest Foreclosure Market Report. Nationally, one in every 3,701 housing units had a foreclosure filing in February 2026, down 4% from January but up 20% from a year earlier. However, ATTOM emphasized that despite the increase, foreclosure activity remains well below housing‑crisis levels, signaling a gradual normalization rather than widespread distress.Foreclosure pressure is rising…
By MaryBeth Matzek for Wisconsin WatchThis story was produced and originally published by Wisconsin Watch, a nonprofit, nonpartisan newsroom. Mary T. had a $2,500 balance on her credit card. It came with a 26.9% interest rate. “I wanted to be responsible and pay off my loan … but it was so hard to get it paid off,” the Madison resident said. Then, she heard about St. Vincent de Paul-Madison’s microloan program. If she qualified, the organization would pay the credit card loan and Mary would then pay back St. Vincent de Paul on a loan with a 4.3% interest rate…
By Samantha Delouya, CNN (CNN) — Average US mortgage rates climbed again for the fifth week in a row, making homebuying more expensive than it was just a few weeks ago, before the outbreak of war with Iran. The average 30-year fixed mortgage rate rose to 6.46% this week, jumping from 6.38% the previous week and reaching the highest level in seven months, according to Freddie Mac. The rise may be unwelcome news for those hoping to buy a home this spring, typically the busiest time of year for the housing market. During the last week of February, before the…