Mortgage Loans in Colts Neck, NJ

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 3.75%, the same as 7, 30, 60, and 90 days ago. The rate is lower than it was one year ago at 4.50%. When the Fed Funds rate is higher, mortgage rates often face upward pressure because lenders’ costs increase.

Credit Union Loan Rates - Trends & Analysis:

Affinity Plus offers a 30-year Conventional fixed rate at 6.875% today, up 13 bp from last week. The 15-year Conventional fixed rate is 6.375%, up 25 bp. Jumbo 30-year fixed loans are also 6.875%, up 13 bp. VA 30-year fixed loans stand at 7.625%, up 38 bp. Adjustable-rate 5- and 7-year loans remain steady at 5.25% and 5.5%, respectively. Consumers offer a 15-year conventional fixed rate at 5.5% and a 30-year conventional fixed rate at 6.875%, up 13 bp from 30 days ago on the 30-year. Their 15-year fixed remains steady at 5.5%. American has a 5-year ARM at 6.125%, up 13 bp from 7 days ago. The 30-year conventional fixed rate is steady at 6.875%, and the 15-year fixed is steady at 5.5%.

American Heritage offers a 15-year conventional fixed rate at 5.767%, up from 5.642% a week ago. Their 30-year conventional fixed is 6.682%, rising from 6.558% last week. FHA and VA 30-year fixed rates hold steady at 6.375%. Jumbo 30-year fixed loans are at 7.366%, up from 7.241% seven days earlier. Adjustable 5-year ARMs are at 5.75%, up from 5.625% last week. Northrop Grumman offers adjustable-rate mortgages at 3-year today 5.5%, 5-year today 5.625%, and 7-year today 6.125%. These rates have held steady over the past week and month.

Affinity offers a 15-year conventional fixed rate today at 5.625%, up 25 bp from a week ago. The 30-year conventional fixed rate is 6.25%, also up 25 bp over the last seven days. FHA fixed rates for 3-, 5-, and 7-year terms are 5.875%, 6.0%, and 6.25% respectively, each up 25 bp from a week ago.

Navy Federal Credit Union has a 15-year conventional fixed rate today at 5.625% and a 30-year conventional fixed rate at 6.25%. The 15-year conventional fixed rate is steady from a week ago but up 13 bp from a month ago. The 30-year conventional fixed rate also holds steady from last week but rose 13 bp over 30 days. The 15-year conventional refinance rate is 5.625%, unchanged from last week but up 25 bp from a month ago, while the 30-year conventional refinance rate is 6.25%, steady from last week but up 50 bp from 30 days ago. The 30-year VA fixed rate is 5.875%, up 13 bp from two weeks ago. The 30-year jumbo fixed rate is 6.5%, unchanged from last week but up 13 bp from a month ago. The 3-year ARM is at 5.375%, steady from last week but up 13 bp from 30 days ago, and the 5-year ARM is at 5.625%, also steady from last week but up 13 bp from a month ago.

Visions offers a 15-year conventional fixed rate today at 5.75%, unchanged from last week but up 25 bp from a month ago. Their 30-year conventional fixed rate is 7.0%, up 13 bp from both last week and a month ago. The 7-year adjustable rate is 5.75% today. Gardensavings-Federal-Credit-Union offers a 15-year conventional fixed rate today at 5.875%, down 38 bp from last week. The 30-year conventional fixed rate is 6.25%, also down 50 bp from last week. These rates have improved since early June, making it a good time to consider these loan options.

First Commonwealth offers a 15-year conventional fixed rate today at 5.625% and a 30-year conventional fixed rate at 6.25%. The 30-year FHA fixed rate is 6.125%. Rates have held steady over the past week and month. Nasa offers a 15-year conventional fixed rate at 6.0%, unchanged from last week but up 25 bp from a month ago. The 30-year conventional fixed rate is 6.5%, steady over the past week and 13 bp higher than 30 days ago. FHA 30-year fixed loans are at 6.375%, the same as last week but up 25 bp from a month ago. VA 30-year fixed loans stand at 6.125%, up 13 bp from a month ago. Jumbo 30-year fixed loans are at 6.625%, unchanged this week but 25 bp higher than 30 days ago.