Mortgage Loans in Cary, NC

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 4.00%, higher than 7, 30, 60, and 90 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:

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%. 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%, a 5-year ARM at 5.625%, and a 7-year ARM at 6.125% as of today. These rates have stayed steady over the past week and month. If you prefer an ARM, these are the current options to consider. 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 Fixed refinance is 5.903%, up 28 bp over the past month. FHA 30-year Fixed is 6.625%, up 25 bp, and VA 30-year Fixed is 6.5%, also up 25 bp from a month ago. The 5-year ARM is at 6.0%, a slight increase of 13 bp from 30 days prior.

Skyla offers a 15-year conventional fixed rate at 5.99% today, up 24 bp from a week ago. Their 30-year conventional fixed rate is 6.45%, a 10 bp increase over the past week. The 7-year adjustable rate is 5.85%, also up 10 bp from last week. Affinity offers a 15-year conventional fixed rate at 5.875%, up 25 bp from last week and 38 bp from a month ago. Their 30-year conventional fixed rate is 6.5%, also up 25 bp from last week and 38 bp from 30 days prior. For adjustable rates, the 3-year ARM is at 6.0%, rising 13 bp in the past week and 25 bp over 30 days. The 5-year ARM stands at 6.125%, with similar increases of 13 bp and 25 bp over the same periods. The 7-year ARM is 6.375%, up 13 bp week-over-week and 25 bp month-over-month.

Allegacy offers a 15-year fixed rate at 6.5%, up 25 bp from a week ago, and a 30-year fixed at 7.125%, up 25 bp from last week and 38 bp from 30 days ago. Their 5-year ARM is at 6.5%, rising 38 bp in the past week and 38 bp over 30 days. The 7-year ARM stands at 6.75%, also up 38 bp from a week ago and 38 bp over 30 days. The 10-year ARM is 6.375%, up 25 bp this week and 38 bp since 30 days ago. Navy Federal Credit Union has a 15-year Conventional Fixed rate today at 6.0%, up 38 bp from a week ago. The 30-year Conventional Fixed rate is 6.625%, also up 38 bp over seven days and 50 bp higher than 30 days ago. The 30-year VA Fixed rate stands at 6.25%, increasing 38 bp in the past week. FHA 3-year ARM is at 5.625%, with a 25 bp rise in the last seven days. The 5-year ARM is 5.875%, up 25 bp this week.

Advancial offers a 15-year conventional fixed rate today at 6.125%, up 13 bp from a week ago and 50 bp higher than a month ago. Their 30-year conventional fixed rate is 6.75%, also up 13 bp from last week and 50 bp from 30 days prior. The 30-year jumbo fixed rate matches the conventional at 6.75%, rising 13 bp over seven days and 63 bp over 30 days. 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.