Mortgage

• U.S. 30-year fixed-rate conforming mortgage averaged 6.187% on April 21, 2026, down 4 basis points from prior day per Optimal Blue data. • 15-year fixed-rate fell to 5.486%, down 5 basis points, with week-over-week drops up to 31 basis points for some types. • Rates reflect FOMC holding federal funds at 3.50%-3.75% in March, with next meeting April 28-29 potentially influencing trends.

• The average 30-year fixed-rate conforming mortgage rate in the US dropped to 6.230%, down 2 basis points from the prior day and 5 basis points from a week ago. • 15-year fixed-rate mortgages averaged 5.535%, declining 5 basis points daily and 2 basis points weekly, per Optimal Blue data reflecting loans locked as of April 16. • Jumbo 30-year rates fell to 6.528% (down 3 basis points weekly), FHA to 6.060% (down 1), VA to 5.833% (down 5), and USDA to 5.863% (down 10 basis points).

• The average interest rate for a 30-year, fixed-rate conforming mortgage declined to 6.289%, down 7 basis points from the previous day, according to Optimal Blue mortgage data. • The 15-year fixed-rate mortgage averaged 5.653%, down 5 basis points, while jumbo 30-year rates fell 10 basis points to 6.502% and VA loans dropped 11 basis points to 5.889%. • Mortgage applications declined 0.8% for the week ending April 3, with the Mortgage Bankers Association citing higher rates and economic uncertainty as headwinds.

• The U.S. economy faces 'real risk' of recession following four weeks of war in Iran, with major indexes like S&P 500, Dow, and Nasdaq down sharply and energy stocks up 25%. • Inflation pressures have driven 30-year fixed mortgage rates to 6.5%, up 0.5 points, while businesses cannot expect Federal Reserve rate cuts soon. • Stock portfolios and retirement accounts have suffered ugly losses, compounded by higher gas prices and persistent high interest rates.

Investors believe Bank of England is likely to act amid sustained rise in inflation from Iran warBusiness live – latest updates‘Trumpflation’: how the Iran war’s economic storm could affect BritonsThe Bank of England will raise the cost of borrowing four times this year, pushing UK interest rates from 3.75% to 4.75% amid the conflict in the Middle East, according to financial market speculators.In a blow to mortgage payers, international investors are betting that the UK is vulnerable to a sustained rise in inflation after the US-Israel attack on Iran. Continue reading...

Move follows the granting of a worldwide asset freezing order on company’s founder, Paresh RajaWhat is the £1.3bn MFS mortgage scandal and what is private credit?The UK’s financial regulator has launched an investigation into Market Financial Solutions (MFS), the mortgage lender that collapsed last month amid allegations of fraud.The move follows the granting of a £1.3bn worldwide asset-freezing order on MFS founder Paresh Raja on Wednesday, as creditors successfully gained court orders in London and Dubai barring the tycoon from dissipating assets. Continue reading...

Nearly 700 deals pulled in two weeks and only a few fixed-rate products below 4% are available, says MoneyfactsBusiness live – latest updatesBritons taking out a new home loan face paying nearly £800 a year more on average than before the Iran war as “Trumpflation” pushes up UK mortgage rates, according to Moneyfacts.Nearly 700 mortgage deals have been pulled by lenders as the economic fallout from the war results in the biggest upheaval since the aftermath of Liz Truss’s disastrous mini-budget in 2022. Continue reading...