Mortgage Loans in Enfield, CT

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 3.75%, unchanged from 1, 7, 30, 60, and 90 days ago. The rate is lower than one year ago when it was 4.50%. When the Fed Funds rate is higher, it can increase mortgage rates by raising borrowing costs for lenders.

Credit Union Loan Rates - Trends & Analysis:

Affinity Plus offers a 15-year Conventional fixed rate at 6.125% and a 30-year Conventional fixed and refinance rate at 6.75%. The VA 30-year fixed rate is 7.25%. Adjustable rates include 5-year ARMs at 5.25% and 7-year ARMs at 5.5%, all unchanged from recent weeks. Affinity offers a 15-year conventional fixed rate today at 5.375%, down 13 bp from last week but up 13 bp from a month ago. Their 30-year conventional fixed rate is 6.0%, also down 13 bp from last week and up 13 bp from a month ago. FHA fixed rates are 5.625% for 3-year, 5.75% for 5-year, and 6.0% for 7-year terms, each down 13 bp from last week and up 13 bp from a month ago.

Charter Oak offers a 15-year conventional fixed rate at 5.5% today and a 30-year conventional fixed rate at 6.75%, up 13 bp from a week ago. The ARM programs are not quoted today. Consumers offers a 15-year Conventional Fixed at 5.5% and a 30-year Conventional Fixed at 6.75%, with the 30-year rate up 13 bp from two weeks ago. AmeriCU has a 5-year ARM at 6.125%, up 13 bp from last week, and a Jumbo 30-year Fixed at 7.0%, up 13 bp from last week and 38 bp from two weeks ago.

Northrop Grumman offers adjustable-rate mortgages with 3-year today at 5.5%, 5-year at 5.625%, and 7-year at 6.125%. These rates have held steady over the past week and month. Navy Federal Credit Union offers a 15-year Conventional Fixed loan today at 5.625% and a 30-year Conventional Fixed at 6.25%. The 15-year Conventional Refinance rate is also 5.625%, while the 30-year Conventional Refinance is 6.25%, up 38 bp from 30 days ago. The 30-year VA Fixed rate is 5.875%, up 13 bp from a week ago. The 3-year ARM Conventional rate is 5.375%, and the 5-year ARM Conventional is 5.625%, both unchanged from 30 days ago.

America First offers a 15-year Conventional fixed rate at 5.875% and a 30-year Conventional fixed rate at 6.5%, both unchanged from a week ago. Their 30-year Conventional fixed rate with a refinance option is slightly higher at 6.625%, up 13 bp from last week. FHA 30-year fixed loans are at 6.25%, rising 25 bp in the past week. VA 30-year fixed loans stand at 6.375%, also up 25 bp over seven days. Connexus offers a 15-year conventional fixed rate today at 5.875%, up 25 bp from a week ago, and a 30-year conventional fixed at 6.5%, up 13 bp. Their 15-year conventional refinance rate is 6.125%, and the 30-year conventional refinance is 6.75%. FHA fixed rates include a 3-year ARM at 4.99% and a 5-year ARM at 5.375%, both steady from last week.

Baxter offers a 15-year conventional fixed rate at 5.875%, up 13 bp from a week ago, and a 30-year conventional fixed at 6.625%, also up 13 bp. Their 30-year jumbo fixed rate holds steady at 6.25%. The 5-year ARM is at 5.375%, rising 13 bp from last week. State Department shows a 15-year conventional fixed rate today at 5.875%, up 25 bp from last week. The 30-year conventional fixed rate is 6.375%, up 13 bp from last week. Their 30-year jumbo fixed rate is 6.625%, down 13 bp from a month ago. Adjustable rates include a 5-year ARM at 5.875% and a 7-year ARM at 6.125%, both up 13 bp from last week. The 10-year ARM is 6.375%, up 25 bp from last week and 13 bp from a month ago.