Mortgage Loans in Norfolk, VA

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 4.00%. This is higher than 30 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:

Northwest shows a 15-year conventional fixed rate at 6.75% today, unchanged from last week but up 75 bp from a month ago. Their 30-year conventional fixed rate is 7.125%, up 25 bp from last week and 63 bp higher than a month ago. Jumbo 30-year fixed loans are at 7.0%, up 25 bp from last week and 75 bp from a month ago. Adjustable 5-year fixed loans stand at 6.375%, up 25 bp from last week and 75 bp from a month ago. Alliant offers a 15-year Conventional fixed rate at 6.75%, up 63 bp from a week ago. Their 30-year Conventional fixed rate is 7.5%, also up 50 bp in the last week. Adjustable rates include a 5-year ARM at 6.375%, rising 25 bp, a 7-year ARM at 6.5%, and a 10-year ARM at 6.75%, each up 25 bp from last week.

Baxter offers a 15-year conventional fixed rate today at 6.5%, unchanged from a week ago but up 63 bp from a month ago. Their 30-year conventional fixed rate is 7.25%, up 13 bp in the past week and 63 bp over the last month. The jumbo 30-year fixed rate is 7.125%, up 25 bp in the past week and 88 bp over the last month. The 5-year ARM fixed rate is today 5.625%, up 50 bp from a week ago and 75 bp from a month ago. Virginia offers a 15-year and 30-year Conventional Fixed mortgage at 6.625% and 7.25%, respectively. FHA 30-year Fixed is available at 6.875%, and Jumbo 30-year Fixed is at 6.75%. Rates are steady with no recent changes shown.

State Department shows a 15-year conventional fixed rate today at 6.375%, down 13 bp from a week ago. The 30-year conventional fixed rate is 7.0%, also down 13 bp over the last week. The 15-year adjustable rate is 6.5%, up 50 bp in the past week, while the 30-year adjustable rate is 6.625%, unchanged from a week ago. Jumbo 30-year fixed loans are at 7.5%, down 63 bp since last week.

Nasa offers a 15-year conventional fixed rate at 6.625% today, unchanged from a week ago but up 63 bp from a month prior. Their 30-year conventional fixed rate is 7.125%, also steady over the past week but 63 bp higher than 30 days ago. FHA 30-year fixed is at 7.0%, unchanged in the last week and up 63 bp from a month ago. The VA 30-year fixed rate is 6.75%, down 13 bp from last week but up 63 bp over the past month. Jumbo 30-year fixed stands at 7.0%, down 13 bp from a week ago and up 38 bp from 30 days earlier.

America First offers a 15-year conventional fixed rate at 6.625%, unchanged from a week ago but up 75 bp from a month ago. Their 30-year conventional fixed rate is 7.25%, steady from last week and up 63 bp over 30 days. The 30-year conventional refinance rate rose 13 bp in the past week to 7.25%. FHA 30-year fixed loans are at 7.0%, with a 50 bp increase in the last week and 75 bp over 30 days. VA 30-year fixed rates are 7.0%, down 13 bp from a week ago but up 63 bp over 30 days. Consumers show a 15-year Conventional Fixed rate today at 6.875%, up 138 bp from a week ago. Their 30-year Conventional Fixed rate is steady at 7.375%. The Jumbo 30-year Fixed rate is 7.75%, up 63 bp in the last week and 75 bp over the past month. The 5-year ARM is 6.625%, up 13 bp from last week and 50 bp over the month.

Hanscom shows a 15-year conventional fixed rate today at 6.75%, down 13 bp from a week ago. The 30-year conventional fixed rate is steady at 7.375%. The 30-year VA fixed rate is 7.0%, unchanged from last week but up 50 bp from a month ago. Dupaco Community offers a 15-year conventional fixed rate at 6.63% today, down 12 bp from last week but up 50 bp from a month ago. The 30-year conventional fixed and 30-year conventional refinance rates are both 7.13%, unchanged from last week but up 63 bp from a month ago. The 15-year conventional refinance rate is 6.75%, steady from last week and up 63 bp from a month ago.