Author: badmortgage
Fannie Mae, Freddie Mac, Vice Capital Markets, Better Mortgage and Wolters Kluwer are among companies adding new secondary market offerings, financing or related technology this week.Processing ContentFreddie has released two new types of low-loan balance 30-year mortgages that receive cash pay-ups, according to Vice Capital Markets, which has added the products to its system. The company also plans to add new cash pay-ups Fannie has in the works.The Freddie mortgages, which have maximum balances of $450,000 and $425,000, have been incorporated into secondary market execution workflows lenders use to price and commit loans to the government-sponsored enterprises.Freddie added the pay-ups…
No, the economy isn’t falling off a cliff, but many entrepreneurs could still feel the impacts of the private credit crisis.
Factors influencing current CD ratesOne of the biggest factors influencing current CD rates is the federal-funds rate. Federal Reserve policymakers lowered the benchmark rate three times in 2025, and CD rates fell in response. However, amid persistently high inflation and a lackluster labor market, Fed officials adopted a more cautious approach at the start of 2026. They opted to leave the rate unchanged at their January meeting and again in March, maintaining the benchmark rate in a range of 350 to 375 basis points, meaning CD rates will likely hold steady for now. Another factor that influences CD rates is the…
Hong Kong Mortgage Corp. is considering raising up to HK$12 billion (US$1.5 billion) through its first digital bond sale, according to people familiar with the matter, in what may turn out to be the biggest-ever such offering globally.
Consumer credit continued to expand in February, though the latest data suggests households are becoming more selective in how they borrow and spend. Figures from the Federal Reserve released April 7 show that total consumer credit increased at a 2.2% annual rate, up from 1.8% in January. The read across is that borrowing remains a central support for consumption, even as economic expectations weaken. Nonrevolving credit, which includes auto loans, student loans and personal loans, rose at a 2.8% annualized pace in February. That marked a clear acceleration from the prior month and accounted for most of the overall increase.…
Advertisement Written by Abraham Galvan on April 8, 2026 The current mortgage market is experiencing a bit of rate volatility that is existing globally, according to local real estate experts. The bigger story really is the bit of volatility that is currently existing. A loan that may look like it may lock in at 6.5% can quickly turn into a slightly higher rate closer to 7%, and that movement is being driven in part by broader geopolitical issues, said Sandra Ferrera, a partner at Day Pitney and a mortgage law professor at the University of Miami. “However, we are seeing…
The current average refinance rate on a 30-year, fixed-rate home loan is 6.40%, 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 April 7. How mortgage refinancing works Mortgage refinancing essentially involves paying off your existing home loan with…
The Trump administration is preparing to launch a brand new repayment plan for student loans. But questions remain about the true benefits of the upcoming new program.
In stark contrast to the entire month of March, April’s mortgage rate volatility has been downright boring. To put this in context, the average top tier 30yr fixed rate rose a substantial 0.65% by March 27th. In the first five business days of April, they’ve held inside a range of just 0.04%. Today did nothing to expand that range although it did leave rates microscopically higher versus yesterday. The Iran war continues to be the dominant source of inspiration for the financial markets, including the bond market that underlies interest rates. Given that tonight brings a deadline for a potentially…
The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.331%, a decrease of about 5 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 5.689%, down about 2 basis points for the same period. Compare mortgage rates for April 8, 2026 Here’s a quick look at week-over-week rate changes. Mortgage TypeRateRate A Week BeforeApproximate Basis Points Change30-year conventional6.331%6.403%-715-year conventional5.689%5.733%-430-year jumbo6.571%6.745%-1830-year FHA6.093%6.115%-330-year VA5.929%6.031%-1030-year USDA6.010%5.997%+130-year conventionalRate6.331%Rate A Week Before6.403%Approximate Basis Points Change-715-year conventionalRate5.689%Rate A Week Before5.733%Approximate Basis Points…