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Today’s Mortgage Rates & Analysis - Updated on 2026-AUG-28
Federal Funds Rate - Trends & Analysis:
Today’s Fed Funds Effective Rate is 3.75%. This rate has stayed the same compared to 1, 7, 30, 60, and 90 days ago. When the Fed Funds rate is steady, it can help keep mortgage rates stable since banks use this rate to set loan costs.
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.
Heritage Financial offers a 15-year conventional fixed rate at 6.25% and a 30-year conventional fixed rate at 6.625%, both unchanged from a week ago. Their 5-year ARM is at 5.375% and the 7-year ARM is at 5.5%, each up 13 bp from 30 days ago. These rates reflect current market conditions as of August 27, 2026. Hudson Valley offers a 15-year conventional fixed rate at 6.0% and a 30-year conventional fixed at 6.625%, down 13 bp from 30 days ago. Jumbo 30-year fixed matches the conventional 30-year at 6.625%, also down 13 bp over the month. Adjustable-rate loans include 5-year ARMs at 5.375%, 7-year ARMs at 5.5%, and 10-year ARMs at 5.875%, each down 13 bp from a month ago.
Consumers offer a 15-year fixed conventional loan at 5.5% and a 30-year fixed conventional loan at 6.625%, down 13 bp from a week ago. Their 30-year fixed jumbo loan is 6.625%, down 25 bp from last week. A5 has a 5-year ARM at 6.0%, unchanged from last week but down 13 bp from a month 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 rate at 5.625% and a 30-year conventional fixed rate at 6.25%, both unchanged from a week ago. The 15-year conventional refinance is 5.625%, up 25 bp from two weeks ago, while the 30-year conventional refinance is 6.25%, up 50 bp over the same period. The 30-year VA fixed rate is 5.75%, steady from last week but down 13 bp from a month ago. The 30-year jumbo fixed rate is 6.5%, unchanged from last week. The 3-year ARM is 5.375%, and the 5-year ARM is 5.625%, both steady from last week. Connexus offers a 15-year conventional fixed rate at 5.625% and a 30-year conventional fixed rate at 6.375%, both unchanged from last week. Their 3-year ARM is steady at 4.99%, and the 5-year ARM holds at 5.375%. The 7-year ARM is also stable today at 5.625%.
Empower offers a 15-year fixed rate at 5.75%, down 13 bp from last week, and a 30-year fixed at 6.375%, also down 13 bp over the same period. The 10-year fixed rate is 5.75%, down 13 bp from a week ago. These rates have held steady compared to earlier in the month. Broadview shows a 15-year conventional fixed rate today at 6.0%, up 13 bp from last week. The 30-year conventional fixed rate is 6.625%, steady from seven days ago. FHA 30-year fixed is 6.25%, rising 13 bp in the past week. Adjustable rates include a 5-year ARM at 5.625%, unchanged this week, and a 7-year ARM at 6.0%, also steady.
Market Indicators - Data & Insights:
Today, Zillow’s 30-year mortgage rate is 6.411%, and Freddie Mac’s 30-year rate is 6.660%, with Zillow lower than Freddie Mac. Zillow’s 15-year rate is 6.109%, down from 7 days ago. These rates reflect the cost borrowers pay to finance homes, influencing how many people can afford to buy or refinance.