Author: badmortgage

While U.S. consumers are getting better at keeping up with credit card and personal loan payments, mortgage and student loan delinquencies are climbing, and student loan delinquencies remain historically high, according to the Spring 2026 FICO Credit Score Insights report.Delinquencies, or when borrowers fall behind on payments, can lead to lower credit scores and higher borrowing costs over time. CNBC Select breaks down what’s driving these delinquencies and highlights a few practical strategies to protect your finances.Delinquencies on mortgages and student loans are increasing In October 2025, the 30-day+ mortgage delinquency rate was 4.8%, the highest since April 2020. Sixty‑day+ and…

The bad news is that the average top-tier 30yr fixed rate remains over 6.5% after being under 6% just a month ago. The good news is that rates recovered nicely over the weekend.  By Friday afternoon, the average rate was 6.64%–the highest since August 2025–adding to a trend of rapid upward movement over the course of March. While there’s no way to know if a bigger picture corner has been turned, it’s a victory in the short term. Notably, the underlying bond market broke from its typical correlation with oil prices today. The latter has experienced severe volatility due to…

The education part has to start right away, especially with new buyers who might not know anything else about the mortgage process except what the current interest rates are. “I would say most new buyers who come to me are very rate sensitive,” Shelton said. “But within the conversation that we’re having, that conversation turns to what’s important right now. Obviously, everybody focuses on the rate like it’s the deciding factor, when, in reality, if you tell me you’re comfortable paying $2,500 a month, and the house that you want you can get for $2,500 a month, why is the…

The Conference of State Bank Supervisors celebrated an appellate court’s decision not to grant a request by Flagstar Bank for the full panel in an interest-on-escrow case.Processing ContentThe organization used the ruling to call on the Office of the Comptroller of the Currency to end its efforts to create a national preemption. This whole situation was muddied by a U.S. Supreme Court decision in a related state versus national banking law case.In the latest move, by a two-to-one vote, Flagstar Bank was denied both a panel rehearing and an en banc hearing by the Ninth Circuit Court of Appeals, which…

Mortgage rates were very low in 2021, even below 3%, but now they are much higher. According to Freddie Mac, the average 30-year mortgage rate is now above 6%. Because rates are high, many home buyers are confused about whether to buy now or wait for rates to fall again. In 2020 and 2021, mortgage rates dropped to record lows. The lowest 30-year fixed rate reached 2.65% in January 2021. Rates stayed at or below 3% for nearly two years during that period. Experts say mortgage rates are unlikely to return to 3% anytime soon, as reported by Yahoo Finance.…

Some of Wall Street’s biggest bond-fund managers say financial markets are underestimating the risk that the US war in Iran will cause a sharp slowdown in an already sputtering economy. Processing ContentAs oil pushes over $116 a barrel and the conflict shows little signs of ending, traders have largely focused on the inflation shock. That has sent the US Treasury market toward the deepest monthly loss since October 2024 as investors brace for the possibility that the Federal Reserve will push interest rates higher before the year is out.READ MORE: Mortgage rates now at highest point since SeptemberBut at companies including…

30-year fixed refinance mortgage rates didn’t move at 6.69% today, according to the Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.7%. On a 20-year mortgage refinance, the average rate is 6.57%. Related: Compare Current Refinance Rates 30-Year Refinance

AI/LOS, Commercial Products; USDA, FHA, VA Changes; Interviews with Lennar’s Escobar and Vesta’s Yu Do you remember when everyone was talking about the lack of housing inventory as a problem for buyers? Those days are long gone: There are now nearly 50 percent more home sellers than buyers as mismatch widens to a record 630,000. (Of course this is depending on price point and location.) And what they’re selling isn’t necessarily new: Per the American Community Survey, it seems that the median owner-occupied house is about 43 years old. As anyone from the building profession will tell you, at…

Bullish gap openings have sent yields back into Thursday’s ranges, the 5-year even back into the gap it left Thursday morning. Treasuries closed mixed on Friday as the yield curve, which has been in a flattening cycle all year, steepened a bit just as it’s doing this morning. Processing ContentThe flattening trade accelerated the past several weeks as surging energy prices have dashed hopes for rate cuts any time soon. Friday’s steepening was most evident in the afternoon when at 1:00 the 5-year yield was at 4.070, which is exactly where it closed, while at 1:00 the 30-year yield was…

SOME CARD INFO MAY BE OUTDATED This page includes information about these cards, currently unavailable on NerdWallet. The information has been collected by NerdWallet and has not been provided or reviewed by the card issuer. Today, mortgage rates reached their highest peak since September. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.45% APR, according to rates provided to NerdWallet by Zillow. This is five basis points higher than Friday and seven basis points higher than a week ago. (See our chart below for more specifics.) A basis point is one one-hundredth of a percentage point.Last summer,…