2 days ago
If you bought a home within the last few years, you might face some mortgage rate regrets. But as everyday people have told me, life doesn't wait for the market. You needed a home at the time you bought it, not before or after when rates were different.
While rates are still relatively high, they've fallen from their peak a few years ago. And if you're looking for a lower monthly payment, it's worth checking if you're paying more than today's average mortgage rate. If you are, a refinance may be on the table.
The math can be complicated, with interest rates, closing costs and amortization schedules to consider. And you can't always count on your lender to do this math for you.
But crunching the numbers is key to making the right refi move. Here's how three homeowners decided it was worth it for them.
When Bob Bradley, a 44-year-old publicist based in Orange County, Calif., married his wife, Kristy Andre, they needed a house to fit their blended family. He sold his 2%-rate condominium to fund a down payment on their family home. The couple bought at a 6.125% rate in June 2024.
#bought #payment
While rates are still relatively high, they've fallen from their peak a few years ago. And if you're looking for a lower monthly payment, it's worth checking if you're paying more than today's average mortgage rate. If you are, a refinance may be on the table.
The math can be complicated, with interest rates, closing costs and amortization schedules to consider. And you can't always count on your lender to do this math for you.
But crunching the numbers is key to making the right refi move. Here's how three homeowners decided it was worth it for them.
When Bob Bradley, a 44-year-old publicist based in Orange County, Calif., married his wife, Kristy Andre, they needed a house to fit their blended family. He sold his 2%-rate condominium to fund a down payment on their family home. The couple bought at a 6.125% rate in June 2024.
#bought #payment
8 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
With the SAVE program ending and major changes for federal student loan borrowers this year, now could be a good time to review your repayment plan — which may also include refinancing.
Refinancing your student loans can help you score a lower interest rate or consolidate multiple monthly payments into one. But if you're refinancing federal student loans, you could also lose some valuable protections and forgiveness opportunities.
The first step is finding a student loan refinance lender that works with your budget and timeline. To help you get started, here are some top options today.
Read more: How to refinance your student loans
#refinance
With the SAVE program ending and major changes for federal student loan borrowers this year, now could be a good time to review your repayment plan — which may also include refinancing.
Refinancing your student loans can help you score a lower interest rate or consolidate multiple monthly payments into one. But if you're refinancing federal student loans, you could also lose some valuable protections and forgiveness opportunities.
The first step is finding a student loan refinance lender that works with your budget and timeline. To help you get started, here are some top options today.
Read more: How to refinance your student loans
#refinance
9 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
With the SAVE program ending and major changes for federal student loan borrowers this year, now could be a good time to review your repayment plan — which may also include refinancing.
Refinancing your student loans can help you score a lower interest rate or consolidate multiple monthly payments into one. But if you're refinancing federal student loans, you could also lose some valuable protections and forgiveness opportunities.
The first step is finding a student loan refinance lender that works with your budget and timeline. To help you get started, here are some top options today.
Read more: How to refinance your student loans
#loans
With the SAVE program ending and major changes for federal student loan borrowers this year, now could be a good time to review your repayment plan — which may also include refinancing.
Refinancing your student loans can help you score a lower interest rate or consolidate multiple monthly payments into one. But if you're refinancing federal student loans, you could also lose some valuable protections and forgiveness opportunities.
The first step is finding a student loan refinance lender that works with your budget and timeline. To help you get started, here are some top options today.
Read more: How to refinance your student loans
#loans
11 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
According to rates from the Zillow lender marketplace, current purchase mortgage rates are now higher than refinance rates.
The current 30-year fixed-rate purchase loan is the same as the current 30-year refinance rate at 6.48%. The 15-year fixed-rate purchase is 16 basis points higher at 5.90%. Finally, the 5/1 ARM purchase is 18 basis points higher today at 6.46%.
Read more: Weekly survey of mortgage lenders with the lowest rates: Rates bubble higher
Here are the current mortgage rates today, Monday, July 20, 2026, according to the latest Zillow data:
According to rates from the Zillow lender marketplace, current purchase mortgage rates are now higher than refinance rates.
The current 30-year fixed-rate purchase loan is the same as the current 30-year refinance rate at 6.48%. The 15-year fixed-rate purchase is 16 basis points higher at 5.90%. Finally, the 5/1 ARM purchase is 18 basis points higher today at 6.46%.
Read more: Weekly survey of mortgage lenders with the lowest rates: Rates bubble higher
Here are the current mortgage rates today, Monday, July 20, 2026, according to the latest Zillow data:
12 days ago
By Michael S. Derby
July 20 (Reuters) - Americans' application rate for new credit over the last year hit its highest level in nearly five years in June, new data from the Federal Reserve Bank of New York released Monday said.
The bank said that the rate of applying for new credit of any type was at its highest level since October 2021, based on findings from its latest Survey of Consumer Expectations Credit Access Survey.
"Compared to February 2026 readings, the average likelihood of applying for a new credit card, auto loan, higher credit card limit or mortgage refinance declined somewhat, while the likelihood of applying for a mortgage rose slightly," the bank said in its report.
The New York Fed also said that in its June survey respondents said that the likelihood of needing to come up with $2,000 for an unexpected expense ticked up to 34%, up slightly from the last finding in February, but under the 36% reported in June a year ago.
July 20 (Reuters) - Americans' application rate for new credit over the last year hit its highest level in nearly five years in June, new data from the Federal Reserve Bank of New York released Monday said.
The bank said that the rate of applying for new credit of any type was at its highest level since October 2021, based on findings from its latest Survey of Consumer Expectations Credit Access Survey.
"Compared to February 2026 readings, the average likelihood of applying for a new credit card, auto loan, higher credit card limit or mortgage refinance declined somewhat, while the likelihood of applying for a mortgage rose slightly," the bank said in its report.
The New York Fed also said that in its June survey respondents said that the likelihood of needing to come up with $2,000 for an unexpected expense ticked up to 34%, up slightly from the last finding in February, but under the 36% reported in June a year ago.
15 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Mortgage discount points are an optional fee that some borrowers choose to pay to their lender in exchange for a lower interest rate for their mortgage loan.
As a general rule, paying points might be a smart idea if you plan to keep your mortgage for many years. If you plan to sell or refinance within a short timeframe, paying points may not make sense.
Read more: First-time home buyers' guide
The term "points" refers to an upfront fee that's based on a percentage of the loan amount. One point equals 1% of the loan amount, so for a $400,000 mortgage, one point would cost $4,000. Some lenders allow fractional points, such as one-eighth, one-quarter, or one-half of one point.
Mortgage discount points are an optional fee that some borrowers choose to pay to their lender in exchange for a lower interest rate for their mortgage loan.
As a general rule, paying points might be a smart idea if you plan to keep your mortgage for many years. If you plan to sell or refinance within a short timeframe, paying points may not make sense.
Read more: First-time home buyers' guide
The term "points" refers to an upfront fee that's based on a percentage of the loan amount. One point equals 1% of the loan amount, so for a $400,000 mortgage, one point would cost $4,000. Some lenders allow fractional points, such as one-eighth, one-quarter, or one-half of one point.
15 days ago
Dana Inc. (NYSE:DAN) is one of the 8 Most Undervalued Growth Stocks to Buy for the Next 10 Years. On July 7, Deutsche Bank lowered its price target on Dana Inc. (NYSE:DAN) to $39 from $40 and maintained a Buy rating on the stock. Based on the revised price target, there is a 53% upside from current levels. This upside is lower than the median Wall Street ***** ysts' upside of 61% based on 10 ***** ysts' estimates.
In our previous coverage of the stock, we mentioned the company's acquisition of Eaton's Mobility Group. This acquisition was believed to enhance Dana's long-term business profile through higher margins, increased aftermarket exposure, and greater scale. On June 10, both companies entered into definitive agreements for a Reverse Morris Trust transaction. As part of the transaction, Eaton will transfer its Vehicle and eMobility business into the newly created SpinCo before it merges with Dana. A Separation and Distribution Agreement will govern this transfer. Additionally, a Dana subsidiary will also acquire Royal Precision Holding Corp. from Eaton, adding further ***** ets to the combined company.
Dana and SpinCo secured a $2.6 billion short-term bridge loan commitment from Goldman Sachs to help fund the transaction. The financing will be used to support an approximately $1.1 billion cash payment to Eaton and to refinance certain existing Dana debt. However, the transaction is still subject to several conditions, including DAN shareholder approval and multiple regulatory clearances.
Dana Inc. (NYSE:DAN), together with its subsidiaries, provides power-conveyance and energy-management solutions for on-highway vehicles. The company also provides sealing solutions such as gaskets, seals, cam covers, and oil pan modules. It was founded in 1904 and is headquartered in Maumee, Ohio.
While we acknowledge the potential of DAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In our previous coverage of the stock, we mentioned the company's acquisition of Eaton's Mobility Group. This acquisition was believed to enhance Dana's long-term business profile through higher margins, increased aftermarket exposure, and greater scale. On June 10, both companies entered into definitive agreements for a Reverse Morris Trust transaction. As part of the transaction, Eaton will transfer its Vehicle and eMobility business into the newly created SpinCo before it merges with Dana. A Separation and Distribution Agreement will govern this transfer. Additionally, a Dana subsidiary will also acquire Royal Precision Holding Corp. from Eaton, adding further ***** ets to the combined company.
Dana and SpinCo secured a $2.6 billion short-term bridge loan commitment from Goldman Sachs to help fund the transaction. The financing will be used to support an approximately $1.1 billion cash payment to Eaton and to refinance certain existing Dana debt. However, the transaction is still subject to several conditions, including DAN shareholder approval and multiple regulatory clearances.
Dana Inc. (NYSE:DAN), together with its subsidiaries, provides power-conveyance and energy-management solutions for on-highway vehicles. The company also provides sealing solutions such as gaskets, seals, cam covers, and oil pan modules. It was founded in 1904 and is headquartered in Maumee, Ohio.
While we acknowledge the potential of DAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
15 days ago
The Mortgage Bankers **** ociation reported a 2.7% drop in total mortgage application volume for the week ending July 10, as the 30-year fixed rate climbed to its highest point in nearly a year.
The MBA reported that the average contract interest rate on conforming 30-year fixed mortgages climbed to 6.65% — its highest reading since August 2025 — up from 6.58% the week before, with points ticking up to 0.67 from 0.64 on loans carrying a 20% down payment, after accounting for the origination fee.
Purchase mortgage applications slipped 7% week over week and trailed the comparable period from a year earlier by 2%, the MBA said. "Mortgage applications declined as the 30-year fixed rate increased to 6.65 percent, the highest level since August 2025. Purchase applications were down over the week and dipped below last year's pace in the week following the July 4th holiday," Joel Kan, MBA's vice president and deputy chief economist, said in a statement.
Prospective buyers continue to face a difficult market, squeezed by elevated home prices and a thin supply of affordable listings, according to CNBC.
Refinance applications moved in the opposite direction, rising 4% for the week and running 7% above the same period a year ago. Refinances accounted for 43.2% of all mortgage applications, up from a 40.6% share the week before, the MBA said. FHA refinance applications rose 9% and VA refinance applications gained 10%.
The MBA reported that the average contract interest rate on conforming 30-year fixed mortgages climbed to 6.65% — its highest reading since August 2025 — up from 6.58% the week before, with points ticking up to 0.67 from 0.64 on loans carrying a 20% down payment, after accounting for the origination fee.
Purchase mortgage applications slipped 7% week over week and trailed the comparable period from a year earlier by 2%, the MBA said. "Mortgage applications declined as the 30-year fixed rate increased to 6.65 percent, the highest level since August 2025. Purchase applications were down over the week and dipped below last year's pace in the week following the July 4th holiday," Joel Kan, MBA's vice president and deputy chief economist, said in a statement.
Prospective buyers continue to face a difficult market, squeezed by elevated home prices and a thin supply of affordable listings, according to CNBC.
Refinance applications moved in the opposite direction, rising 4% for the week and running 7% above the same period a year ago. Refinances accounted for 43.2% of all mortgage applications, up from a 40.6% share the week before, the MBA said. FHA refinance applications rose 9% and VA refinance applications gained 10%.
18 days ago
Blue Owl Technology Finance Corp. (NYSE:OTF) is one of the Best All-Time Low Stocks to Buy Now. The stock has declined more than 7% over the past month, mainly due to negative momentum from missed Q1 2026 earnings, released in May. However, the Street expects 35% upside over the next 12-months from the current level, driven by potential recovery in the next quarter. Blue Owl Technology Finance Corp. (NYSE:OTF) is set to release earnings on August 5.
During the fiscal first quarter 2026 earnings, the company posted $325.9 million in revenue, which missed the estimates of $340.1 million. The EPS of $0.29 topped the consensus by 17.5%. Moreover, the net ***** et value per share dropped to $16.49 from $17.33, mainly due to $0.84 per share in realized and unrealized losses as credit spreads widened. Despite the earnings miss management maintained $0.35 base dividend plus a $0.05 special dividend intact. Management flagged that fully covering the base payout with earnings could take longer than expected. For fiscal Q2 2026 earnings, the Street expects quarterly revenue around $337.53 million, along with an EPS of $0.3.
That said, as per a recent June 16 SEC filing, Blue Owl Technology Finance Corp. (NYSE:OTF) has amended its senior secured credit agreement for the fourth time, giving itself more runway on its borrowing facility. The revolver's availability period now extends to June 2030, up from December 2028. The overall maturity date moves out too, from December 2029 to June 2031, giving the company an extra year and a half before the facility needs to be refinanced. Moreover, the accordion provision, which allows the company to expand the facility if needed, was also increased to up to roughly $4.01 billion.
New York-based company, Blue Owl Technology Finance Corp. (NYSE:OTF), is a business development company focused on providing direct lending and equity investments to upper middle-market technology and software firms. The company was founded in 2018.
While we acknowledge the potential of OTF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
During the fiscal first quarter 2026 earnings, the company posted $325.9 million in revenue, which missed the estimates of $340.1 million. The EPS of $0.29 topped the consensus by 17.5%. Moreover, the net ***** et value per share dropped to $16.49 from $17.33, mainly due to $0.84 per share in realized and unrealized losses as credit spreads widened. Despite the earnings miss management maintained $0.35 base dividend plus a $0.05 special dividend intact. Management flagged that fully covering the base payout with earnings could take longer than expected. For fiscal Q2 2026 earnings, the Street expects quarterly revenue around $337.53 million, along with an EPS of $0.3.
That said, as per a recent June 16 SEC filing, Blue Owl Technology Finance Corp. (NYSE:OTF) has amended its senior secured credit agreement for the fourth time, giving itself more runway on its borrowing facility. The revolver's availability period now extends to June 2030, up from December 2028. The overall maturity date moves out too, from December 2029 to June 2031, giving the company an extra year and a half before the facility needs to be refinanced. Moreover, the accordion provision, which allows the company to expand the facility if needed, was also increased to up to roughly $4.01 billion.
New York-based company, Blue Owl Technology Finance Corp. (NYSE:OTF), is a business development company focused on providing direct lending and equity investments to upper middle-market technology and software firms. The company was founded in 2018.
While we acknowledge the potential of OTF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
18 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
According to rates from the Zillow lender marketplace, current purchase rates are now lower than refinance rates.
The current 30-year fixed-rate purchase loan is 8 basis points lower at 6.44%. The 15-year fixed-rate purchase is 7 basis points lower at 5.82%. Finally, the 5/1 ARM purchase is 12 basis points lower today at 6.43%.
Read more: Weekly survey of mortgage lenders with the lowest rates: Rates bubble higher
Here are the current mortgage rates today, Monday, July 13, 2026, according to the latest Zillow data:
According to rates from the Zillow lender marketplace, current purchase rates are now lower than refinance rates.
The current 30-year fixed-rate purchase loan is 8 basis points lower at 6.44%. The 15-year fixed-rate purchase is 7 basis points lower at 5.82%. Finally, the 5/1 ARM purchase is 12 basis points lower today at 6.43%.
Read more: Weekly survey of mortgage lenders with the lowest rates: Rates bubble higher
Here are the current mortgage rates today, Monday, July 13, 2026, according to the latest Zillow data:
18 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
If you're not able to move to a new home or refinance to take advantage of the equity you have built up in your home, you're likely considering a home equity loan or a home equity line of credit. But, besides interest rates, how do you choose between a HELOC or a home equity loan?
The average HELOC adjustable rate is 7.23%, according to real estate data ******* ytics company Curinos. The 2026 HELOC low was 7.19%, last observed in mid-May.
The national average rate on a fixed-rate home equity loan is 7.36%, up from its 2026 low of 7.31% in late June.
Both rates are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of less than 70%.
If you're not able to move to a new home or refinance to take advantage of the equity you have built up in your home, you're likely considering a home equity loan or a home equity line of credit. But, besides interest rates, how do you choose between a HELOC or a home equity loan?
The average HELOC adjustable rate is 7.23%, according to real estate data ******* ytics company Curinos. The 2026 HELOC low was 7.19%, last observed in mid-May.
The national average rate on a fixed-rate home equity loan is 7.36%, up from its 2026 low of 7.31% in late June.
Both rates are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of less than 70%.
21 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
If you're thinking of refinancing your mortgage before the end of 2026, you don't want to wait until the last minute. There are calculations to be made, including your target interest rate and your break-even point. Here's what you need to know before you hit "apply."
We'll sum it up in a sentence: Mortgage rates have settled into the mid-6% range and are expected to remain there through next year.
While today's rates might not generate much excitement, they can translate into monthly savings for those who bought a house in late 2023 when 30-year fixed rates were pushing close to 8%.
For example, say you took out a $400,000 mortgage in October 2023. If you refinanced today and paid closing costs up front, here's what your payments might look like.
If you're thinking of refinancing your mortgage before the end of 2026, you don't want to wait until the last minute. There are calculations to be made, including your target interest rate and your break-even point. Here's what you need to know before you hit "apply."
We'll sum it up in a sentence: Mortgage rates have settled into the mid-6% range and are expected to remain there through next year.
While today's rates might not generate much excitement, they can translate into monthly savings for those who bought a house in late 2023 when 30-year fixed rates were pushing close to 8%.
For example, say you took out a $400,000 mortgage in October 2023. If you refinanced today and paid closing costs up front, here's what your payments might look like.
21 days ago
Crystin Liboma's childhood dream was to own a home. At 26 years old, she moved out of her parents' house into her first home purchase in Delaware. Then, she was slammed with major home repairs that left her struggling to pay her mortgage and several thousand dollars in credit card debt.
Three years after buying her first home in 2017, Liboma found relief in the form of a mortgage refinance. By refinancing from a mid-4%, 30-year mortgage to a 3.38%, 20-year mortgage, Liboma set herself on stronger financial footing.
Now 35 years old, the healthcare consultant has learned a few lessons about dealing with unexpected costs, along with one thing you can control but might not realize — your mortgage rate.
There are many uncontrollable costs when it comes to homeownership, including maintenance, rising property taxes and high utility bills. Naomi Peden, a housing counselor at Money Management International, helps people who are struggling to pay their mortgage. But financial stability begins before move-in day.
"One of the benefits of being a homeowner is the fact that you're stabilizing a portion of your housing cost," she tells clients during pre-purchase counseling. "That portion is the principal and interest payment."
Three years after buying her first home in 2017, Liboma found relief in the form of a mortgage refinance. By refinancing from a mid-4%, 30-year mortgage to a 3.38%, 20-year mortgage, Liboma set herself on stronger financial footing.
Now 35 years old, the healthcare consultant has learned a few lessons about dealing with unexpected costs, along with one thing you can control but might not realize — your mortgage rate.
There are many uncontrollable costs when it comes to homeownership, including maintenance, rising property taxes and high utility bills. Naomi Peden, a housing counselor at Money Management International, helps people who are struggling to pay their mortgage. But financial stability begins before move-in day.
"One of the benefits of being a homeowner is the fact that you're stabilizing a portion of your housing cost," she tells clients during pre-purchase counseling. "That portion is the principal and interest payment."
28 days ago
Kevin Carter/Getty Images
Blackstone has moved to exit another of its top-performing portfolio companies, this time iconic American sandwich chain Jersey Mike's Subs.
The New Jersey-based business, known as much for its subs as it is for its ******* ociation with actor and superfan Danny DeVito, filed an S-1 with the Securities and Exchange Commission on Thursday, paving the way for a debut on the New York Stock Exchange under the ticker "JMKE."
The number of shares on offer and the price range have yet to be disclosed.
Proceeds will be used, in part, to pay down a portion of the $760 million of debt the company took on earlier this year to refinance existing borrowings from 2019 and 2021, to make debt repayments and to fund a dividend payout to its sponsor, Blackstone, according to the filing.
Blackstone has moved to exit another of its top-performing portfolio companies, this time iconic American sandwich chain Jersey Mike's Subs.
The New Jersey-based business, known as much for its subs as it is for its ******* ociation with actor and superfan Danny DeVito, filed an S-1 with the Securities and Exchange Commission on Thursday, paving the way for a debut on the New York Stock Exchange under the ticker "JMKE."
The number of shares on offer and the price range have yet to be disclosed.
Proceeds will be used, in part, to pay down a portion of the $760 million of debt the company took on earlier this year to refinance existing borrowings from 2019 and 2021, to make debt repayments and to fund a dividend payout to its sponsor, Blackstone, according to the filing.
29 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Receiving cash from the equity in your home may seem like a dream come true. You probably thought you wouldn't see that money until you sold your home. But a cash-out refinance does just that: By replacing your existing mortgage, you can draw a lump sum from the value accrued in your home. Here are the leading cash-out refinance mortgage lenders in July 2026.
Why Truist Bank mortgage refinancing stands out: Truist is a mortgage provider that leaves little to be desired. It offers numerous cash-out refinance options and lower-than-median loan costs.
Availability: 17 states and Washington, D.C.
Types of cash-out refinancing: Conventional, FHA, VA, and jumbo.
Receiving cash from the equity in your home may seem like a dream come true. You probably thought you wouldn't see that money until you sold your home. But a cash-out refinance does just that: By replacing your existing mortgage, you can draw a lump sum from the value accrued in your home. Here are the leading cash-out refinance mortgage lenders in July 2026.
Why Truist Bank mortgage refinancing stands out: Truist is a mortgage provider that leaves little to be desired. It offers numerous cash-out refinance options and lower-than-median loan costs.
Availability: 17 states and Washington, D.C.
Types of cash-out refinancing: Conventional, FHA, VA, and jumbo.
29 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Mortgages backed by the U.S. Department of Veterans Affairs, or VA loans, are a valuable perk for military-affiliated home buyers. For decades, they have allowed active duty service members and veterans to buy a home with no down payment, refinance a mortgage, and tap home equity. Here are our picks for the best VA mortgage lenders of July 2026.
Why Pennymac mortgages stand out: As one of the nation's largest retail VA lenders by loan volume, Pennymac also ensures your loan will close on time.
Availability: All 50 states and Washington, D.C.
Minimum credit score: VA purchase loans: 580. VA cash-out refinance: 620. VA IRRLs: No minimum for current customers.
Mortgages backed by the U.S. Department of Veterans Affairs, or VA loans, are a valuable perk for military-affiliated home buyers. For decades, they have allowed active duty service members and veterans to buy a home with no down payment, refinance a mortgage, and tap home equity. Here are our picks for the best VA mortgage lenders of July 2026.
Why Pennymac mortgages stand out: As one of the nation's largest retail VA lenders by loan volume, Pennymac also ensures your loan will close on time.
Availability: All 50 states and Washington, D.C.
Minimum credit score: VA purchase loans: 580. VA cash-out refinance: 620. VA IRRLs: No minimum for current customers.
29 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
When you refinance your mortgage, you replace your existing home loan with a new one for the same property. There are many reasons to refinance your home loan, from locking in a lower mortgage interest rate to tapping into your equity. Understanding the process can help you prepare and save money along the way.
Read more: Is now a good time to refinance your mortgage?
First things first: Ensure you're financially prepared to refinance.
Check your credit score and see if there are ways to improve it before refinancing. Your credit score plays a big role in your ability to get approved and will influence your interest rate.
When you refinance your mortgage, you replace your existing home loan with a new one for the same property. There are many reasons to refinance your home loan, from locking in a lower mortgage interest rate to tapping into your equity. Understanding the process can help you prepare and save money along the way.
Read more: Is now a good time to refinance your mortgage?
First things first: Ensure you're financially prepared to refinance.
Check your credit score and see if there are ways to improve it before refinancing. Your credit score plays a big role in your ability to get approved and will influence your interest rate.
29 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Mortgages insured by the U.S. Department of Agriculture, also known as USDA loans, cater to home buyers looking for a small-town lifestyle. It is the only government-backed loan that seeks to develop safe rural communities for families of modest means. Here are our picks for the best USDA lenders in July 2026.
Why Pennymac mortgages stand out: Pennymac is the largest U.S. lender of USDA loans and has a record of offering lower interest rates.
Availability: All 50 states and Washington, D.C.
Minimum credit score: 580 for USDA purchase loans, 620 for USDA manufactured home loans, and 640 for USDA refinances.
Mortgages insured by the U.S. Department of Agriculture, also known as USDA loans, cater to home buyers looking for a small-town lifestyle. It is the only government-backed loan that seeks to develop safe rural communities for families of modest means. Here are our picks for the best USDA lenders in July 2026.
Why Pennymac mortgages stand out: Pennymac is the largest U.S. lender of USDA loans and has a record of offering lower interest rates.
Availability: All 50 states and Washington, D.C.
Minimum credit score: 580 for USDA purchase loans, 620 for USDA manufactured home loans, and 640 for USDA refinances.
29 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Mortgage rates are significantly lower now than a year ago, so it may be a good time to refinance your home loan. Whether you're looking to fund home improvements, pay off high-interest credit card debt, or trade in your current higher-interest-rate mortgage for a new, lower-rate loan, these lenders are among the country's best mortgage refinance providers.
Why Rocket Mortgage refinancing stands out: Rocket Mortgage is the leading retail refinance lender by dollar volume, with three-quarters of its refi business attributed to conventional loans.
Availability: All 50 states and Washington, D.C.
Types of mortgage loans: Conventional, FHA, VA, and jumbo; rate-and-term, adjustable-rate, cash-out, and FHA and VA (IRRRL) streamline refinances
Mortgage rates are significantly lower now than a year ago, so it may be a good time to refinance your home loan. Whether you're looking to fund home improvements, pay off high-interest credit card debt, or trade in your current higher-interest-rate mortgage for a new, lower-rate loan, these lenders are among the country's best mortgage refinance providers.
Why Rocket Mortgage refinancing stands out: Rocket Mortgage is the leading retail refinance lender by dollar volume, with three-quarters of its refi business attributed to conventional loans.
Availability: All 50 states and Washington, D.C.
Types of mortgage loans: Conventional, FHA, VA, and jumbo; rate-and-term, adjustable-rate, cash-out, and FHA and VA (IRRRL) streamline refinances
1 month ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
If you're not willing or able to move to a new home or refinance to a new loan to take advantage of the equity you have built up in your home, you should consider a home equity loan or a home equity line of credit. But, besides interest rates, how do you choose between a HELOC or a HEL?
According to real estate **** ytics firm Curinos, the average adjustable-rate HELOC is 7.25%. The 2026 HELOC low was 7.19% in mid-May. The national average rate on a fixed-rate home equity loan is 7.86%, up appreciably from last month, and far from its 2026 low of 7.36% we observed in mid-March and in much of May.
Rates are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of less than 70%.
Choosing between a HELOC and a home equity loan is easy when you consider what you're using it for. A HELOC allows you to draw cash from your approved line of credit, pay it off, then tap it again. A home equity loan gives you a lump sum.
If you're not willing or able to move to a new home or refinance to a new loan to take advantage of the equity you have built up in your home, you should consider a home equity loan or a home equity line of credit. But, besides interest rates, how do you choose between a HELOC or a HEL?
According to real estate **** ytics firm Curinos, the average adjustable-rate HELOC is 7.25%. The 2026 HELOC low was 7.19% in mid-May. The national average rate on a fixed-rate home equity loan is 7.86%, up appreciably from last month, and far from its 2026 low of 7.36% we observed in mid-March and in much of May.
Rates are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of less than 70%.
Choosing between a HELOC and a home equity loan is easy when you consider what you're using it for. A HELOC allows you to draw cash from your approved line of credit, pay it off, then tap it again. A home equity loan gives you a lump sum.
1 month ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
According to rates from the Zillow lender marketplace, the current 30-year fixed-rate purchase loan fell by 13 basis points to 6.17%, 9 basis points lower than the current 30-year refi rate. The 15-year fixed-rate purchase fell by 5 basis points today to 5.75%, 2 basis points higher than the average 15-year refinance rate. Finally, the 5/1 ARM purchase fell by 22 basis points today to 6.09%, 9 basis points lower than the 5/1 refi rate.
Read more: Weekly survey of mortgage lenders with the lowest rates: Even closer to 6%
Here are the current mortgage rates today, Monday, June 29, 2026, according to the latest Zillow data:
30-year fixed: 6.17%
According to rates from the Zillow lender marketplace, the current 30-year fixed-rate purchase loan fell by 13 basis points to 6.17%, 9 basis points lower than the current 30-year refi rate. The 15-year fixed-rate purchase fell by 5 basis points today to 5.75%, 2 basis points higher than the average 15-year refinance rate. Finally, the 5/1 ARM purchase fell by 22 basis points today to 6.09%, 9 basis points lower than the 5/1 refi rate.
Read more: Weekly survey of mortgage lenders with the lowest rates: Even closer to 6%
Here are the current mortgage rates today, Monday, June 29, 2026, according to the latest Zillow data:
30-year fixed: 6.17%
1 month ago
Hudbay Minerals Inc. (NYSE:HBM) is one of the high growth stocks to buy right now. On June 17, Hudbay Minerals announced the pricing of $52 million in 4.50% municipal bonds to support its Copper World project in Pima County, Arizona. Issued by the Arizona Industrial Development Authority, the proceeds will be used to finance, reimburse, and refinance eligible project expenditures, with an initial mandatory tender date set for July 2, 2036.
Under the terms of the agreement, Hudbay Minerals Inc. (NYSE:HBM) and certain subsidiaries will guarantee the debt obligations, ensuring funds are available for the principal and interest payments on the bonds. The offering is expected to close on June 24, pending the satisfaction of customary closing conditions.
The bonds are being offered exclusively to qualified institutional buyers in the US and have not been registered under the US Securities Act. This financing reflects Hudbay's ongoing investment strategy for the Copper World project, with the company maintaining its commitment to fulfilling the requirements outlined in the loan agreement.
Hudbay Minerals Inc. (NYSE:HBM) is a mining company that produces copper concentrate, molybdenum concentrate, and zinc metal. The company's focus is on the production, discovery, and marketing of base and precious metals.
While we acknowledge the potential of HBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Under the terms of the agreement, Hudbay Minerals Inc. (NYSE:HBM) and certain subsidiaries will guarantee the debt obligations, ensuring funds are available for the principal and interest payments on the bonds. The offering is expected to close on June 24, pending the satisfaction of customary closing conditions.
The bonds are being offered exclusively to qualified institutional buyers in the US and have not been registered under the US Securities Act. This financing reflects Hudbay's ongoing investment strategy for the Copper World project, with the company maintaining its commitment to fulfilling the requirements outlined in the loan agreement.
Hudbay Minerals Inc. (NYSE:HBM) is a mining company that produces copper concentrate, molybdenum concentrate, and zinc metal. The company's focus is on the production, discovery, and marketing of base and precious metals.
While we acknowledge the potential of HBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
1 month ago
Oaktree have allocated a €50m transfer budget – to be supplemented by player sales – for Inter Milan's summer window, with head coach Cristian Chivu requesting two centre-backs, midfielder Marco Palestra, and a further midfield signing, according to Corriere dello Sport.
The report, cited via FCInterMilan on Reddit, names Hakan Calhanoglu among the outgoing players expected to generate sale proceeds that would supplement the base figure – a notable development given Inter's previously stated reluctance to sell the Turkish international.
The €50m baseline aligns with Oaktree's established operating pattern since formally taking control in May 2024 following Suning's failure to repay a roughly €395m loan. The fund injected approximately €47m in new capital during the first quarter of the 2024-25 fiscal year and covered €40-50m in losses without demanding a marquee sale – a deliberate value-building approach rather than short-term cost management.
On the incomings side, Marco Palestra is explicitly named as a Chivu priority alongside two central defenders and a second midfielder. The coaching staff's willingness to articulate specific positional needs suggests the sporting and ownership structures are aligned early in the window.
Oaktree's medium-term strategy, as outlined by football finance ***** yst Marco Bellinazzo, targets an eventual sale of the club well above €2-2.5bn – meaning this window's spending must strengthen both on-pitch performance and balance-sheet optics ahead of that exit. The €415m bond refinanced in June 2025 via private credit further reduces near-term liability pressure, giving the fund modest room to act without triggering a fire-sale elsewhere in the squad.
The report, cited via FCInterMilan on Reddit, names Hakan Calhanoglu among the outgoing players expected to generate sale proceeds that would supplement the base figure – a notable development given Inter's previously stated reluctance to sell the Turkish international.
The €50m baseline aligns with Oaktree's established operating pattern since formally taking control in May 2024 following Suning's failure to repay a roughly €395m loan. The fund injected approximately €47m in new capital during the first quarter of the 2024-25 fiscal year and covered €40-50m in losses without demanding a marquee sale – a deliberate value-building approach rather than short-term cost management.
On the incomings side, Marco Palestra is explicitly named as a Chivu priority alongside two central defenders and a second midfielder. The coaching staff's willingness to articulate specific positional needs suggests the sporting and ownership structures are aligned early in the window.
Oaktree's medium-term strategy, as outlined by football finance ***** yst Marco Bellinazzo, targets an eventual sale of the club well above €2-2.5bn – meaning this window's spending must strengthen both on-pitch performance and balance-sheet optics ahead of that exit. The €415m bond refinanced in June 2025 via private credit further reduces near-term liability pressure, giving the fund modest room to act without triggering a fire-sale elsewhere in the squad.
1 month ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
According to rates from the Zillow lender marketplace, the current 30-year fixed-rate purchase loan fell by 6 basis point today to 6.42%, 12 basis points higher than the current 30-year refi rate. The 15-year fixed-rate purchase fell by 8 basis points today to 5.79%, 8 basis points lower than the average 15-year refinance rate. Finally, the 5/1 ARM purchase rose by 24 basis points today to 6.70%, 23 basis points higher than the 5/1 refi rate.
Read more: Weekly survey of mortgage lenders with the lowest rates: Even closer to 6%
Here are the current mortgage rates today, Monday, June 22, 2026, according to the latest Zillow data:
30-year fixed: 6.42%
According to rates from the Zillow lender marketplace, the current 30-year fixed-rate purchase loan fell by 6 basis point today to 6.42%, 12 basis points higher than the current 30-year refi rate. The 15-year fixed-rate purchase fell by 8 basis points today to 5.79%, 8 basis points lower than the average 15-year refinance rate. Finally, the 5/1 ARM purchase rose by 24 basis points today to 6.70%, 23 basis points higher than the 5/1 refi rate.
Read more: Weekly survey of mortgage lenders with the lowest rates: Even closer to 6%
Here are the current mortgage rates today, Monday, June 22, 2026, according to the latest Zillow data:
30-year fixed: 6.42%
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
According to the June 2026 ICE Mortgage Monitor report, home equity is helping countless American homeowners navigate the "lock-in effect."
"The housing market continues to be defined by the lock-in effect," said Andy Walden, Head of Mortgage and Housing Market Research at ICE. "Millions of homeowners are sitting on first mortgages with rates well below current market levels, making second liens and HELOCs an attractive way to access equity without giving up those loans. While higher mortgage rates have reduced refinance opportunities and softened affordability gains in recent months, home prices continue to firm across much of the country and affordability remains improved from year-ago levels."
According to real estate ****** ytics firm Curinos, the average adjustable-rate HELOC is 7.25%. The 2026 HELOC low was 7.19% in mid-May. The national average rate on a fixed-rate home equity loan is 7.86%, up appreciably from last month, and far from its 2026 low of 7.36% we observed in mid-March and in much of May.
Rates are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of less than 70%.
According to the June 2026 ICE Mortgage Monitor report, home equity is helping countless American homeowners navigate the "lock-in effect."
"The housing market continues to be defined by the lock-in effect," said Andy Walden, Head of Mortgage and Housing Market Research at ICE. "Millions of homeowners are sitting on first mortgages with rates well below current market levels, making second liens and HELOCs an attractive way to access equity without giving up those loans. While higher mortgage rates have reduced refinance opportunities and softened affordability gains in recent months, home prices continue to firm across much of the country and affordability remains improved from year-ago levels."
According to real estate ****** ytics firm Curinos, the average adjustable-rate HELOC is 7.25%. The 2026 HELOC low was 7.19% in mid-May. The national average rate on a fixed-rate home equity loan is 7.86%, up appreciably from last month, and far from its 2026 low of 7.36% we observed in mid-March and in much of May.
Rates are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of less than 70%.
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
According to rates from the Zillow lender marketplace, the current 30-year fixed-rate purchase loan fell by 1 basis point today to 6.35%, just 1 basis point higher than the current 30-year refi rate. The 15-year fixed-rate purchase fell by 7 basis points today to 5.78%, 5 basis points lower than the average 15-year refinance rate. Finally, the 5/1 ARM purchase fell by 6 basis points today to 6.30%, five basis points higher than the 5/1 refi rate.
Read more: Weekly survey of mortgage lenders with the lowest rates: Leaders price in the low 6% range
Here are the current mortgage rates today, Monday, June 15, 2026, according to the latest Zillow data:
30-year fixed: 6.35%
According to rates from the Zillow lender marketplace, the current 30-year fixed-rate purchase loan fell by 1 basis point today to 6.35%, just 1 basis point higher than the current 30-year refi rate. The 15-year fixed-rate purchase fell by 7 basis points today to 5.78%, 5 basis points lower than the average 15-year refinance rate. Finally, the 5/1 ARM purchase fell by 6 basis points today to 6.30%, five basis points higher than the 5/1 refi rate.
Read more: Weekly survey of mortgage lenders with the lowest rates: Leaders price in the low 6% range
Here are the current mortgage rates today, Monday, June 15, 2026, according to the latest Zillow data:
30-year fixed: 6.35%
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
According to the Zillow lender marketplace, for both purchase and refinance, the average 30-year and 15-year conforming fixed rates, as well as the average 5/1 ARM, all moved higher compared to yesterday.
The 30-year fixed-rate purchase rose 9 basis points to 6.37%, the 15-year fixed purchase loan increased by 3 basis points to 5.78%, and the 5/1 ARM purchase rate rose by 19 basis points to 6.54%.
Weekly survey of mortgage lenders with the best rates: Leaders price in the low 6% range
Here are the current mortgage rates for Wednesday, June 3, 2026, according to the latest Zillow data:
According to the Zillow lender marketplace, for both purchase and refinance, the average 30-year and 15-year conforming fixed rates, as well as the average 5/1 ARM, all moved higher compared to yesterday.
The 30-year fixed-rate purchase rose 9 basis points to 6.37%, the 15-year fixed purchase loan increased by 3 basis points to 5.78%, and the 5/1 ARM purchase rate rose by 19 basis points to 6.54%.
Weekly survey of mortgage lenders with the best rates: Leaders price in the low 6% range
Here are the current mortgage rates for Wednesday, June 3, 2026, according to the latest Zillow data:
2 months ago
In the days before the Memorial Day weekend, rates on 30 year Treasury bonds hit their highest level in 19 years at 5.2%, and the benchmark 10-year reached 4.7%, the top reading since mid-2007. If those kinds of yields take hold, the scenario for federal interest expense posited in the CBO’s “Budget and Economic Outlook: 2026 to 2036,” released in February, descends from dire to near-disastrous. Takeaway: America’s track to fiscal safety has lost all margin for error, and nothing demonstrates that better than the long-term impact of loftier than expected rates. America’s got so little room to maneuver that even yields that modestly exceed the CBO’s “baseline,” as the numbers compound in the years ahead, deliver a huge extra blow by crowding out big chunks of revenue that would otherwise go towards funding such essentials as Defense, Social Security and Medicare.
The CBO forecasts that yields on the 30 and 10-year Treasuries will respectively average about 4.65% and 4.15% through FY 2036. That’s roughly 55 basis points lower than the multi-year summit briefly notched in late May. Doesn’t sound like much of a difference, right? And if the interest expense on our gigantic and ballooning national debt of $39 trillion weren’t already running at nearly $1 trillion a year, bigger than Medicare spending and equaling two-thirds of Social Security outlays, the half-point upward shift would likely prove manageable.
But a recent report from the non-partisan Committee for a Responsible Federal Budget quantifies the deep damage even a continuation at the recent peaks would inflict. By 2036, interest expense would jump from absorbing 14% of all revenues to devouring 30%, five points more than under the CBO’s forecast. At $2.5 trillion, 2.5x today’s number, the carrying costs would become the second largest budget category, beating Medicare by one-third. Interest cost per household would soar from $7,900 last year to $17,000 a decade hence.
Much of today’s extreme vulnerability to even slightly higher rates arises from the need to both refinance existing debt, and shoulder trillions more in newly-issued bonds to cover deficits, at much higher cost. All told, the federal government will need to borrow almost $10 trillion in the next 12 months, equivalent to one-third our total debt. That amount consists of around $7.5 trillion to repay the Treasuries coming due, and $2 trillion for plugging the shortfall between revenues and spending. A major reason the U.S. accumulated so much debt in the first place was the lure of ultra-bargain yields orchestrated by the Fed’s easy money policy during and following the COVID crisis. In 2021 through early 2022, Treasury Bills, instruments that mature within a year, offered around a minuscule 0.2%. Today, that cost’s 18 times fatter at 3.7%.
The CBO forecasts that yields on the 30 and 10-year Treasuries will respectively average about 4.65% and 4.15% through FY 2036. That’s roughly 55 basis points lower than the multi-year summit briefly notched in late May. Doesn’t sound like much of a difference, right? And if the interest expense on our gigantic and ballooning national debt of $39 trillion weren’t already running at nearly $1 trillion a year, bigger than Medicare spending and equaling two-thirds of Social Security outlays, the half-point upward shift would likely prove manageable.
But a recent report from the non-partisan Committee for a Responsible Federal Budget quantifies the deep damage even a continuation at the recent peaks would inflict. By 2036, interest expense would jump from absorbing 14% of all revenues to devouring 30%, five points more than under the CBO’s forecast. At $2.5 trillion, 2.5x today’s number, the carrying costs would become the second largest budget category, beating Medicare by one-third. Interest cost per household would soar from $7,900 last year to $17,000 a decade hence.
Much of today’s extreme vulnerability to even slightly higher rates arises from the need to both refinance existing debt, and shoulder trillions more in newly-issued bonds to cover deficits, at much higher cost. All told, the federal government will need to borrow almost $10 trillion in the next 12 months, equivalent to one-third our total debt. That amount consists of around $7.5 trillion to repay the Treasuries coming due, and $2 trillion for plugging the shortfall between revenues and spending. A major reason the U.S. accumulated so much debt in the first place was the lure of ultra-bargain yields orchestrated by the Fed’s easy money policy during and following the COVID crisis. In 2021 through early 2022, Treasury Bills, instruments that mature within a year, offered around a minuscule 0.2%. Today, that cost’s 18 times fatter at 3.7%.
