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Note 12 - Borrowings and Financing Activities (Note)
 3 Months Ended
Mar. 31, 2021
Senior Notes [Abstract]  
Borrowings and Financing Activities Borrowings and Financing Activities
The carrying value of our debt at March 31, 2021 and December 31, 2020 was as follows.
(In thousands) March 31,
2021		December 31,
2020
Senior notes:
Senior Notes due 2024$445,787 $445,512 
Senior Notes due 2025517,065 516,634 
Senior Notes due 2027443,751 443,528 
Total senior notes$1,406,603 $1,405,674 
FHLB advances:
FHLB advances due 2021$26,850 $67,500 
FHLB advances due 202261,050 61,050 
FHLB advances due 202327,995 27,995 
FHLB advances due 20249,954 9,954 
FHLB advances due 20259,984 9,984 
FHLB advances due 20273,000 — 
Total FHLB advances$138,833 $176,483 
FHLB Advances
As of March 31, 2021, we had $138.8 million of fixed-rate advances outstanding with a weighted average interest rate of 1.23%. Interest on the FHLB advances is payable quarterly, or at maturity if the term of the advance is less than 90 days. Principal is due at maturity. For obligations with maturities greater than or equal to 90 days, we may prepay the debt at any time, subject to a prepayment fee calculation.
The principal balance of the FHLB advances are required to be collateralized by eligible assets with a market value that must be maintained generally within a minimum range of 103% to 111% of the amount borrowed, depending on the type of assets pledged. Our fixed-maturities available for sale include securities totaling $153.8 million and $188.0 million at March 31, 2021 and December 31, 2020, respectively, which serve as collateral for our FHLB advances to satisfy this requirement. See Note 12 of Notes to Consolidated Financial Statements in our 2020 Form 10-K for additional information about our FHLB advances.
Revolving Credit Facility
Radian Group has in place a $267.5 million unsecured revolving credit facility with a syndicate of bank lenders, which has a maturity date of January 18, 2022. At March 31, 2021, Radian Group was in compliance with all of the credit facility covenants, and there were no amounts outstanding. For more information regarding our revolving credit facility, including certain of its terms and covenants, see Note 12 of Notes to Consolidated Financial Statements in our 2020 Form 10-K.