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Today’s Mortgage Rates & Analysis - Updated on 2026-SEP-22
Federal Funds Rate - Trends & Analysis:
Today’s Fed Funds Effective Rate is 4.00%. This is higher than the rate 7 days ago, which was 3.75%. When the Fed Funds rate rises, it can put upward pressure on mortgage rates, making borrowing costs higher for homebuyers.
Credit Union Loan Rates - Trends & Analysis:
Newport News Shipbuilding Employees offers a 15-year conventional fixed rate at 6.875%, up 38 bp from last week, and a 30-year conventional fixed at 7.125%, up 13 bp. Their 30-year FHA fixed rate is steady at 6.5%, while the 30-year VA fixed rate rose 25 bp to 6.875%. The 10-year adjustable rate is steady today at 5.25%. Affinity Plus offers a 15-year Conventional Fixed rate at 6.5% today, up 13 bp from a week ago and 38 bp over the past 30 days. The 30-year Conventional Fixed and Jumbo Fixed rates are both 7.0%, each up 13 bp from last week and 25 bp over 30 days. The VA 30-year Fixed rate is 7.625%, unchanged from a week ago but up 38 bp over 30 days. Adjustable-rate 5-year and 7-year ARMs hold steady at 5.25% and 5.5%.
1St Advantage offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed rate at 6.125%, up 13 bp from a week ago. Their 15-year and 30-year conventional refinance rates are 5.75% and 5.99%, respectively. The 30-year fixed adjustable program is at 5.875%, unchanged from last week, while the 5-year adjustable is 5.875%, up 13 bp from 30 days ago. Consumers offers a 15-year conventional fixed rate at 5.5% today. Their 30-year conventional fixed rate rose to 7.125%, up 25 bp from last week and 50 bp over the past month. Jumbo loans have a 30-year fixed rate at 7.125%, up 13 bp from last week and 50 bp from a month ago. The 5-year ARM is at 6.375%, increasing 25 bp from last week and 38 bp over 30 days.
Northrop Grumman offers adjustable-rate mortgages with a 3-year ARM at 5.5% today, a 5-year ARM at 5.625%, and a 7-year ARM at 6.125%. These rates have stayed steady over the past week and month. Langley offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed at 6.375%, which is up 50 bp from 30 days ago. Their 30-year conventional refinance is 5.903%, up 28 bp over the same period. FHA 30-year fixed is 6.625%, up 25 bp, and VA 30-year fixed is 6.5%, also up 25 bp. The 5-year ARM fixed is at 6.0%, up 13 bp from 30 days ago.
Affinity shows a 15-year conventional fixed rate today at 5.875%, up 25 bp from last week and 38 bp from 30 days ago. Their 30-year conventional fixed is 6.5%, also up 25 bp from last week and 38 bp from 30 days ago. FHA fixed rates for 3-year, 5-year, and 7-year terms are 6.125%, 6.25%, and 6.5%, each rising 25 bp over the past week and 38 bp over the past month. Navy Federal Credit Union offers a 15-year Conventional Fixed rate at 6.0% and a 30-year Conventional Fixed rate at 6.625% today. The VA 30-year Fixed rate is 6.25%, up 50 bp over the past 30 days. FHA loans include a 3-year ARM at 5.625% and a 5-year ARM at 5.875%, both up 25 bp from a week ago. Jumbo 30-year Fixed loans are at 6.875%, up 38 bp in the last week.
Chartway offers a 30-year Conventional Fixed mortgage at 6.05% today. This rate is down 58 bp from a week ago and 20 bp lower than 30 days ago. The 30-year Conventional Fixed rate has steadily decreased over the past month, now sitting at its lowest point in recent weeks. 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.
Market Indicators - Data & Insights:
Today, Zillow's 30-year mortgage rate is 7.125%, and Freddie Mac's 30-year rate is 6.950%, with Zillow higher than Freddie Mac. Zillow's 30-year rate is also higher than 7 days ago. These rates reflect current borrowing costs, which influence how many people can afford to buy homes and affect overall housing demand.