Mortgage Loans in Binghamton, NY

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 3.75%, unchanged from 7, 30, 60, and 90 days ago. When the Fed Funds rate is higher, it can put upward pressure on mortgage rates because lenders’ borrowing costs increase.

Credit Union Loan Rates - Trends & Analysis:

Usalliance offers a 15-year conventional fixed rate at 6.0% and a 30-year conventional fixed at 6.625%, unchanged from last week but down 13 bp from a month ago for the 30-year. Their 30-year jumbo fixed rate rose 13 bp in the past week to 6.625%. Adjustable rates include a 5-year ARM at 6.0%, up 13 bp this week, a 7-year ARM at 6.25%, and a 10-year ARM at 6.5%, which increased 13 bp in the last week and 38 bp over the month.

Digital offers a 15-year conventional fixed rate at 6.125% and a 30-year conventional fixed rate at 6.875% today. The 30-year conventional fixed rate rose by 13 bp over the past week and 50 bp over the past 30 days. The 15-year conventional fixed rate remains steady compared to last week but is up 25 bp from 30 days ago. The 30-year conventional fixed jumbo rate is 7.0% today, up 13 bp from last week and 50 bp from 30 days ago. First Technology offers a 15-year Conventional Fixed at 6.125% and a 30-year Conventional Fixed at 7.0%, up 13 bp from a week ago. Their 30-year Jumbo Fixed is 6.875%, rising 13 bp in the last week and 38 bp over 30 days. Adjustable rates include 5.875% for 5- and 7-year ARMs, steady this week but up 13 bp over 30 days, and a 10-year ARM at 6.75%, down 13 bp from two weeks ago but up 13 bp over 30 days.

North Country offers a 15-year fixed rate today at 6.125%, down 13 bp from last week but up 13 bp from a month ago. The 30-year fixed rate holds steady at 6.375%, unchanged from last week but up 25 bp over the past 30 days. Sunmark offers a 15-year conventional fixed rate at 6.125% and a 30-year conventional fixed at 6.5%, both unchanged from last week but up 13 bp from a month ago. Their 30-year FHA fixed is 6.125%, up 13 bp over the past week and month. The 30-year VA fixed rate is 6.375%, steady from last week but up 13 bp from a month ago. The 5-year adjustable rate stands at 5.99%, unchanged from last week and up 12 bp from a month ago.

Bethpage offers a 15-year Conventional fixed rate at 6.125%, up 13 bp from last week but down 13 bp from a month ago. Their 30-year Conventional fixed rate is 6.625%, rising 13 bp over the past week. The 30-year FHA fixed rate is 6.5%, also up 13 bp in the last week. Adjustable rates include a 5-year ARM at 6.0% and a 7-year ARM at 6.25%, both increased by 13 bp this week. The 30-year Adjustable is at 6.625%. Together offers a 15-year conventional fixed rate at 6.125% today, down 13 bp from two weeks ago. Their 30-year conventional fixed and jumbo fixed rates are both 6.75%, unchanged from last week but down 13 bp from two weeks ago. Adjustable 5-year ARMs are steady at 5.5%.

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 mortgage at 6.21% and a 30-year conventional fixed at 6.583% today. The 30-year rate rose by 13 bp over the past 30 days. They also have a 5-year adjustable mortgage at 6.533%, which increased by 20 bp in the last 30 days. Rates have slightly increased compared to a month ago.

Pentagon offers a 30-year Conventional Fixed at 6.25% and a 30-year Conventional Refi at 6.125%, down 13 bp from a week ago but up 13 bp from 30 days ago. Their 30-year FHA and VA Fixed rates are both 5.75%, with FHA up 13 bp from a week ago. The Jumbo 30-year Fixed rate is steady at 6.25%.