Mortgage Loans in Raleigh, NC

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:

Digital shows a 15-year conventional fixed rate at 7.0% and a 30-year conventional fixed rate at 7.875% today. The 30-year fixed rate rose 25 bp from a week ago and 100 bp from a month ago. Their 15-year conventional refinance rate is also 7.0%, while the 30-year conventional refinance rate is 7.875%, up 13 bp from last week and 75 bp from last month. The Jumbo 30-year fixed rate is 7.625%, up 13 bp from last week.

First Technology offers a 15-year conventional fixed rate at 7.0% and a 30-year conventional fixed rate at 7.875% today. The 30-year fixed rate rose by 25 bp in the past week and 88 bp over the last 30 days. Jumbo 30-year fixed loans are at 7.625%, up 13 bp in a week and 75 bp in a month. Adjustable 5-year fixed loans are 6.625%, down 13 bp in a week but up 38 bp in 30 days. The 7-year and 10-year adjustable fixed rates are 6.75% and 7.0%, respectively, with small recent changes. First Flight offers a 15-year conventional fixed mortgage at 7.273% today. This rate is up 13 bp from a week ago and 76 bp higher than a month ago.

Founders offers a 15-year conventional fixed rate at 6.25%, up 25 bp from a week ago and 38 bp from a month ago. Their 30-year conventional fixed rate is 7.125%, unchanged from last week but up 63 bp from a month ago. The 7-year adjustable rate is 6.25%, rising 13 bp over the past week and 38 bp over the past month.