Author: badmortgage

If you’re the type of homebuyer who is willing to deal with a little uncertainty in exchange for the possibility of getting a low rate, an adjustable-rate mortgage might be right for you. These can be particularly good options for homebuyers planning to rent out or flip an investment property, or who know they intend to move before the loan’s introductory fixed-rate period ends. Read on and we’ll break down how ARMs work, consider when they might be worth considering over the far more common fixed-rate home loan, and look at ARM rates from a few top lenders. You can…

The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.403%, a decrease of about 9 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 5.733%, down about 5 basis points for the same period. Compare mortgage rates for April 1, 2026 Here’s a quick look at week-over-week rate changes. Mortgage TypeRateRate A Week BeforeApproximate Basis Points Change30-year conventional6.403%6.343%+615-year conventional5.733%5.659%+730-year jumbo6.745%6.582%+1730-year FHA6.115%6.071%+530-year VA6.031%5.961%+730-year USDA5.997%5.985%+130-year conventionalRate6.403%Rate A Week Before6.343%Approximate Basis Points Change+615-year conventionalRate5.733%Rate A Week Before5.659%Approximate Basis Points…

Bill Ackman, chief executive officer of Pershing Square Capital Management Jeenah Moon/Bloomberg Government-sponsored enterprise stocks staged a recovery in the wake of a social media post from an influential figure on Wall Street who holds shares.Processing ContentBillionaire and legacy GSE investor Bill Ackman’s X post on Sunday indicating the stocks were “stupidly cheap” gave a notable lift to both companies.Fannie’s stock price jumped from around $4.59 on Friday to above $8 before falling back to $7.91 at deadline Tuesday. Freddie’s had leapt from $4.27 to above $7 before retreating to $6.97. Fannie’s trading range for the year has been between…

Opendoor Technologies is acquiring assets belonging to title fintech Doma in a deal that arrives just weeks after the real estate company re-entered mortgage lending. Processing ContentThe agreement adds Doma’s title automation search capabilities to Opendoor’s closing and escrow platform. Opendoor, known for its home-flipping model that quickly delivers cash to sellers, pointed to Doma’s active involvement in a federal title-alternative program as one of the top incentives behind the acquisition. “With it, we become part of delivering Fannie Mae’s title acceptance program at scale: a program that eliminates unnecessary lender’s title insurance policies for eligible refinance transactions, putting real money back…

ISTANBUL The war in Iran is threatening mortgage lending in France by pushing up interest rates, Le Figaro reported Monday.The blockage of the Strait of Hormuz is extending far beyond higher fuel prices, also driving up mortgage rates and putting pressure on French people with property plans.Rising government bond yields, particularly the French 10-year OAT, could have an immediate impact on borrowers, as these rates serve as a benchmark for residential mortgage lending.On Friday, the 10-year OAT surged to nearly 3.90%, a level not seen since the 2009 financial crisis. The spike prompted several banks to raise their rate schedules for…

Iranian Red Crescent workers gather near an apartment hit by an airstrike in Tehran on March 30.Majid Saeedi/Photographer: Majid Saeedi/Getty Treasury Secretary Scott Bessent’s benchmark financial asset — 10-year US Treasuries — are poised to mark their biggest monthly tumble since Donald Trump returned to the White House, casting a shadow over the economic outlook as the administration struggles to contain an energy crisis.Processing ContentWhile Bessent has assured that the global oil deficit caused by the Iran war is being addressed, and predicted crude prices will retreat within months, investors are flagging enduring concern. In spite of Tuesday’s rally in government…

Another Day of Gains With Some Quarter-End Distortion 1 Hour, 43 Min ago Another Day of Gains With Some Quarter-End Distortion Q1 was fairly eventful for the bond market with solid–sometimes puzzling–gains in February followed by a relative rout in March. Heavy quarter-end rebalancing flows are making for more volatility than normal at 4pm ET, but up until that point, 10yr yields had rallied roughly 8bps. Those gains were fueled by headlines that spoke to potential de-escalation in Iran–something that’s easy enough to confirm by examining the corresponding drop in oil prices and spike in stocks. That said,…

A tiny home in New York is going viral on social media because it has no bedrooms. The house at 84 Wyona Ave in Selden went on the market about a month ago with a listing price of $329,900. The house was built in 1930 and is 446 square feet. It is about 10 feet wide and 37 feet long and has a small kitchen, dining room, living area and full bathroom. The tiny house sits on a lot that is 22 by 100 feet. Photo credit: Picture Perfect It sits on a lot that is 22 by 100 feet…

Today’s mortgage interest rates look different for buyers and owners hoping to refinance compared to February. Kirpal Kooner/Getty Images Borrowers who entered March hopeful that mortgage interest rates would continue to decline unimpeded encountered a discouraging climate. Unemployment rose, inflation progress stalled and the Federal Reserve kept interest rates on hold (again). Combined with uncertainty surrounding geopolitical tensions, mortgage rates increased by around half a percentage point in the month, sidelining the plans of many buyers and owners hoping to refinance this spring.The good news, however, is that March is almost over. And there are some ways in which mortgage…

While housing affordability has improved year-over year in all of the 50 markets tracked by First American, the sizes of the gains have varied across that universe. Plus, on a comparative basis, home prices remain higher than prior to the pandemic. Processing ContentA recent analysis from the company quantifies these differences.Consumers’ house-buying power nationwide in February rose by 10% relative to list prices from a year ago, said Sam Williamson, a senior economist at First American. But regional variations in this metric are largely affected by interest rates remaining higher. Those have had different impacts depending on the city.”Improved affordability suggests the…