The average interest rate for a 30-year fixed mortgage edged up to 6.94% on Monday, a slight increase of one basis point from both the previous day and last week. This minor fluctuation comes as potential homebuyers and those considering a refinance closely watch for clearer signals from the economy. Meanwhile, other popular loan types
When it comes to paying for large expenses like a costly home repair or a funeral, it can be tough to come up with all the money you’ll need to cover the bill — especially if your emergency fund can only get you so far. That’s where personal loans can come in. The money you
The higher your credit score, the better your chances are to get approved for financial products — like personal loans — with a lower interest rate. Still, there are personal loans you can get if you have a fair or bad credit score. Some lenders cater to applicants with lower credit scores in the poor
Mortgage rates presented a mixed picture for prospective homebuyers and those considering a refinance on Friday. While the benchmark 30-year fixed-rate mortgage held relatively steady, other popular loan types saw slight shifts, reflecting the ongoing push and pull of economic crosscurrents. The average 30-year fixed mortgage rate is currently hovering around 6.88%, a marginal decrease
Homebuyers and those looking to refinance received more welcome news Wednesday as mortgage rates continued their downward trend. The national average for a 30-year fixed mortgage, the most popular home loan in the U.S., fell to 6.93%, offering a potential window of opportunity for borrowers to lock in lower monthly payments. This latest dip, reported
‘LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.’ Illustration: Dominic Xavier/Rediff With unsecured lending under pressure, banks and non-banking financial companies (NBFCs) are shifting their focus to loans against property (LAP), according to a recent report in Business Standard. Borrowers must understand the pros and
As the Indian financial landscape evolves the importance of a healthy credit profile and a high credit score for securing affordable personal loans have never been cleaner. It is crucial to acknowledge the fact that even marginal improvements in your credit score can result in substantial savings on interest payments, thus making it important for
Homebuyers and homeowners eyeing a refinance have reason to monitor closely: mortgage rates are shifting again. As of Monday, June 9, 2025, the national average 30-year fixed mortgage rate dropped to 6.99%, according to Zillow. That’s down from 7.03% just a day earlier. While it matches the average from a week ago, it’s still a
Small business loans can be instrumental in helping businesses reach new heights. Getting approved for them, however, can sometimes be challenging for borrowers with lower personal credit scores (think scores below 670). Small Business Administration (SBA) microloans are ideal for those with bad credit as they often have less strict eligibility requirements than other government-backed
Editor’s Note: APRs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. Select will update as changes are made public. Personal loans are the fastest-growing debt category in the last decade. That’s due in part to the rise of fintech and