Mortgage Loans in Copiague, NY

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 4.00%, higher than 7, 30, 60, and 90 days ago when it was 3.75%. When the Fed Funds rate rises, it can increase mortgage rates because lenders face higher borrowing costs.

Credit Union Loan Rates - Trends & Analysis:

Navy Federal Credit Union has a 15-year Conventional Fixed rate today at 6.0%, up 38 bp from a week ago. The 30-year Conventional Fixed rate is 6.625%, also up 38 bp over seven days and 50 bp higher than 30 days ago. The 30-year VA Fixed rate stands at 6.25%, increasing 38 bp in the past week. FHA 3-year ARM is at 5.625%, with a 25 bp rise in the last seven days. The 5-year ARM is 5.875%, up 25 bp this week. Mid-Hudson Valley shows a 15-year conventional fixed rate today at 6.0%, up 13 bp from last week and 25 bp from 30 days ago. The 30-year conventional fixed rate is 7.0%, rising 38 bp over the past week and 38 bp since 30 days ago. The 15-year and 30-year conventional refinance rates match the purchase rates at 6.0% and 7.0%, respectively, with similar weekly and monthly increases.

Empower offers a 15-year fixed conventional loan at 6.25% today, up 25 bp from a week ago and 38 bp from 30 days ago. Their 30-year fixed conventional rate is 6.75%, rising 25 bp in the last week. The 15-year and 30-year fixed adjustable programs are both at 6.25%, with the 15-year up 25 bp over seven days and 38 bp over 30 days. Connexus offers a 15-year conventional fixed rate at 6.125%, unchanged from last week, and a 30-year conventional fixed at 6.875%, up 13 bp in the past week. Adjustable rates include a 3-year ARM at 4.99%, a 5-year ARM at 5.375%, and a 7-year ARM at 5.625%, all steady since last week.

Sunmark offers a 15-year conventional fixed rate at 6.625%, up 38 bp from last week, and a 30-year conventional fixed at 6.625%, up 25 bp. Their 30-year FHA fixed is 6.5%, also up 25 bp. The 30-year VA fixed rate is 6.75%, up 25 bp. The 5-year ARM is at 6.125%, up 25 bp. Alliant shows a 15-year conventional fixed rate today at 6.125%, up 25 bp from last week and last month. The 30-year conventional fixed is 7.0%, also up 25 bp over the same periods. Adjustable 5-year and 7-year ARMs are at 6.0% and 6.125%, respectively, with smaller increases of 13 bp from last week and 25 bp from last month. The 10-year ARM is 6.375%, rising 13 bp from last week and 25 bp from last month.

American Airlines offers a 15-year conventional fixed rate at 6.21% and a 30-year conventional fixed at 6.583%. Their 5-year adjustable rate is 6.533% today. Rates have been steady over the past month with no changes in basis points. Jovia Financial offers a 15-year conventional fixed rate at 6.25%, up 25 bp from a week ago, and a 30-year conventional fixed at 6.75%, also up 25 bp. Their 30-year FHA fixed rate is 6.625%, rising 25 bp, while the 30-year VA fixed stands at 6.875%, up 38 bp. The 30-year jumbo fixed rate is 7.375%, up 38 bp, and the 7-year adjustable rate is 6.125%, up 25 bp. The 10-year adjustable rate is 6.625%, up 25 bp from last week.

America First shows a 15-year conventional fixed rate at 6.375%, up 25 bp from last week and 63 bp higher than a month ago. Their 30-year conventional fixed rate is 6.875%, unchanged from last week but up 38 bp from a month ago. FHA 30-year fixed is 6.5%, up 13 bp from last week and 50 bp from a month ago. VA 30-year fixed stands at 6.625%, up 13 bp this week and 50 bp over 30 days. 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.