Mortgage Loans in Lawrence, MA

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 4.00%. This is higher than the rate 7 days ago, which was 3.75%. When the Fed Funds rate rises, mortgage rates often face upward pressure because lenders’ borrowing costs increase.

Credit Union Loan Rates - Trends & Analysis:

Baxter offers a 15-year conventional fixed rate today at 6.25%, up 25 bp from last week and 63 bp from a month ago. Their 30-year conventional fixed rate is 6.875%, up 25 bp from last week and 50 bp from a month ago. The 30-year jumbo fixed rate is also 6.875%, up 63 bp from both last week and a month ago. For adjustable rates, the 5-year ARM is at 5.625%, up 25 bp from last week and 38 bp from a month ago. State Department shows a 15-year conventional fixed rate today at 6.125%, down 13 bp from a week ago, and a 30-year conventional fixed rate at 6.75%. The 15-year adjustable rate mortgage is at 6.125%, up 13 bp from last week, while the 7-year adjustable is 6.5%, unchanged from seven days ago. The 10-year adjustable rate stands at 6.5%. The jumbo 30-year fixed rate is 7.5%, down 25 bp from a week ago.

Usalliance shows a 15-year conventional fixed rate today at 6.5%, up 13 bp from a week ago and 50 bp from a month ago. The 30-year conventional fixed rate is steady at 7.0%, rising 25 bp over 30 days. Jumbo 30-year fixed loans are at 7.125%, increasing 50 bp in the past week and 63 bp over the month. Adjustable 5-year fixed loans stand at 6.25%, up 25 bp in a week and 38 bp in 30 days. American Airlines offers a 15-year conventional fixed rate at 6.337% today, up 13 bp from a week ago. The 30-year conventional fixed rate is 6.837%, also up 25 bp over the same period. Their 5-year adjustable rate stands at 6.657%, rising 12 bp from last week.

Nasa offers a 15-year conventional fixed at 6.375%, up 38 bp from a week ago and 63 bp higher than a month ago. Their 30-year conventional fixed is 6.875%, also up 38 bp in the past week and 50 bp over 30 days. FHA 30-year fixed loans are at 6.625%, rising 25 bp in the last week and 50 bp in the last month. VA 30-year fixed stands at 6.5%, up 38 bp from last week and 63 bp from 30 days ago. Jumbo 30-year fixed loans are 6.875%, with a 25 bp increase in the past week and 50 bp over the month. Sharon & Crescent United offers a 15-year conventional fixed rate at 6.375% today, up 25 bp from a week ago. Their 30-year conventional fixed and jumbo 30-year fixed rates are both at 6.875%, also up 25 bp from last week. Rates have risen slightly over the past week across these options.

Hanscom offers a 15-year fixed at 6.5%, up 25 bp from last week, and a 30-year fixed at 7.125%, also up 25 bp. The 30-year VA fixed rate is 6.875%, rising 25 bp over seven days. Rates have increased since early September, with 30-day changes of 38 bp for all three programs. Webster First offers a 15-year conventional fixed rate today at 6.375%, up 38 bp from last week and 75 bp higher than a month ago. Their 30-year conventional fixed rate is 7.0%, rising 50 bp in the past week and 75 bp over 30 days.

Dupaco Community offers a 15-year conventional fixed rate at 6.5%, up 12 bp from a week ago and 50 bp higher than a month ago. Their 30-year conventional fixed rate is 6.75%, unchanged from last week but 38 bp higher than 30 days ago. The 15-year and 30-year conventional refinance rates match the purchase rates, with similar changes. Pentagon shows 30-year Conventional Fixed rates today at 6.625% and 6.75% for the fixed and refinance options, respectively. FHA and VA 30-year Fixed loans are both at 6.125%. Jumbo 30-year Fixed loans are at 6.625%. Compared to 30 days ago, the refinance 30-year Conventional rate rose by 50 bp, while the others increased by 38 bp.