Author: badmortgage
The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.494%, an increase of about 7 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 5.775%, less than a full basis point of change for the same period. Compare mortgage rates for March 31, 2026 Here’s a quick look at week-over-week rate changes. Mortgage TypeRateRate A Week BeforeApproximate Basis Points Change30-year conventional6.494%6.356%+1315-year conventional5.775%5.707%+730-year jumbo6.640%6.597%+430-year FHA6.233%6.164%+730-year VA6.121%5.999%+1230-year USDA6.182%6.033%+1530-year conventionalRate6.494%Rate A Week Before6.356%Approximate Basis Points Change+1315-year conventionalRate5.775%Rate A Week…
See Tuesday’s report on average mortgage rates adjustable-rate mortgages so you can pick the best home loan for your needs as you house shop.
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Mortgage rates are rising again, and Dave Ramsey is warning Americans that navigating today’s housing market without professional help could be a costly mistake.Freddie Mac chief economist Sam Khater said purchase and refinance activity has improved from a year ago, though volatility in borrowing costs continues to pressure affordability.Rising Rates Pressure Housing MarketHigher rates are being driven by broader macro conditions, including rising Treasury yields and renewed inflation concerns linked to higher energy prices.Against that backdrop, Ramsey cautioned that buyers and sellers face significant financial risk without expert guidance.”Whether you’re buying or selling a house, you’re dealing with a lot…
The current average refinance rate on a 30-year, fixed-rate home loan is 6.68%, according to data from the popular real estate marketplace Zillow. If you’re a homeowner hoping to refinance your mortgage for a lower rate or perhaps to tap home equity, read on to see average refi interest rates for a variety of loan types and terms. You can also see the prior day’s report here. Current refi rates data Note that Fortune reviewed the most recent Zillow data available as of March 27. How mortgage refinancing works A mortgage refinance essentially pays off your existing home loan with…
A residential securitization trustee could be held to a fiduciary standard under federal retiree law as the Second Circuit Court of Appeals looked to split definitional hairs on whether the mortgages are considered plan assets.Processing ContentThe case was brought by six trustees of the United Food & Commercial Workers Union & Employers Midwest Pension Fund, who appealed a district court decision which granted summary judgement to the servicer, Ocwen (now known as Onity). The trial court ruled that the controlling regulation defined only the residential mortgage-backed securities, and not the mortgages backing them, as retirement plan assets regulated by the…
Approvals for UK home loans climbed for the first time in five months, a sign housing demand was gaining momentum before the mortgage market was rattled by the war in Iran.
Key Insight: Federal Reserve Chair Jerome Powell said there is uncertainty about how the Iran war will affect the economy, but that the central bank’s monetary policy is well positioned to “wait and see” how conditions unfold.Expert Quote: “You have to carefully monitor inflation expectations, because a series of these supply shocks can lead the public, businesses and households to start expecting higher inflation over time.” — Fed Chair Jerome PowellLook ahead: Expectations are growing that the Fed’s rate-setting committee will keep monetary policy unchanged as it evaluates how the war will impact the economy and consumer sentiment.Federal Reserve Chair…
Mortgage rates for 30-year fixed loans have risen more than a half-point since reaching three-year lows just three weeks ago. According to the Zillow lender marketplace, the average 30-year fixed mortgage rate is 6.47%. The 15-year fixed rate is 5.90%. Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.47% 20-year fixed: 6.50% 15-year fixed: 5.90% 5/1 ARM: 6.71% 7/1 ARM: 6.56% 30-year VA: 5.99% 15-year VA: 5.55% 5/1 VA: 5.53% Remember, these are the national averages and rounded to the nearest hundredth. Discover 8 strategies for getting the lowest mortgage rates. These are today’s…
Government mortgage-backed securities guarantor Ginnie Mae is providing some deadline relief to issuers who may be rushing to file annual audited financial statements this week.Processing ContentGinnie has announced that it’s removing the 15-day advance notice requirements for extension requests on the statements, which are due March 31 for most issuers. The financial statements must be submitted 90 days after the end of the fiscal year, which typically is Dec. 31.”Effective immediately, the requirement is that these extension requests must be submitted via the applicable module in Ginnie Mae Central (GMC) on or before the due date,” the government guarantor wrote…