Mortgage Loans in Phelps, NY

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:

Usalliance offers a 15-year conventional fixed loan at 6.0% and a 30-year conventional fixed loan at 6.625%, unchanged from last week but down 13 bp from a month ago. Their 30-year jumbo fixed rate is 6.625%, up 13 bp from last week. Adjustable rates include a 5-year ARM at 6.0%, up 13 bp, a 7-year ARM at 6.375%, up 13 bp, and a 10-year ARM at 6.5%, up 13 bp from last week and 38 bp from a month ago. Bethpage has a 15-year Conventional fixed rate at 6.25%, unchanged from a week ago but up 25 bp from two weeks prior. Their 30-year Conventional fixed and refinance rates are 6.625%, up 13 bp from two weeks ago. FHA 30-year fixed is 6.5%, also up 13 bp over the same period. Adjustable rates include 5-year ARMs at 6.0%, 7-year ARMs at 6.25%, and 10-year ARMs at 6.625%, each up 13 bp from two weeks ago.

Dupaco Community offers a 15-year conventional fixed rate at 6.0% and a 30-year conventional fixed rate at 6.375%, both unchanged from a week ago but up 13 bp from two weeks prior. The same rates apply for 15-year and 30-year conventional refinances. Digital shows a 15-year conventional fixed rate today at 6.125%, unchanged from last week but up 25 bp from a month ago. The 30-year conventional fixed rate is 6.875%, down 13 bp from last week but up 38 bp from a month ago. The 30-year conventional refinance rate is also 6.875%, down 25 bp from last week and up 38 bp from a month ago.

First Technology offers a 15-year Conventional Fixed at 6.125% today, unchanged from last week but down 13 bp from a month ago. The 30-year Conventional Fixed is 6.875%, down 13 bp from both last week and a month ago. Jumbo 30-year Fixed is 6.75%, down 13 bp from last week but up 13 bp from a month ago. Adjustable 5- and 7-year terms are both at 6.0%, up 13 bp from last week and a month ago. The 10-year Adjustable Fixed is 6.75%, down 13 bp from a month ago. 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. 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 rate at 6.21% today, unchanged from last week but up 13 bp from a month ago. The 30-year conventional fixed rate is 6.583%, also steady over seven days and up 13 bp over 30 days. Their 5-year adjustable rate stands at 6.533%, with a 20 bp increase over the past month.