Mortgage Loans in Durham, NC

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 3.75%, the same as 7, 30, 60, and 90 days ago. The rate is lower than it was one year ago at 4.50%. When the Fed Funds rate is higher, mortgage rates often face upward pressure because lenders’ costs increase.

Credit Union Loan Rates - Trends & Analysis:

Affinity Plus offers a 30-year Conventional fixed rate at 6.875% today, up 13 bp from last week. The 15-year Conventional fixed rate is 6.375%, up 25 bp. Jumbo 30-year fixed loans are also 6.875%, up 13 bp. VA 30-year fixed loans stand at 7.625%, up 38 bp. Adjustable-rate 5- and 7-year loans remain steady at 5.25% and 5.5%, respectively. Consumers offer a 15-year conventional fixed rate at 5.5% and a 30-year conventional fixed rate at 6.875%, up 13 bp from 30 days ago on the 30-year. Their 15-year fixed remains steady at 5.5%. American has a 5-year ARM at 6.125%, up 13 bp from 7 days ago. The 30-year conventional fixed rate is steady at 6.875%, and the 15-year fixed is steady at 5.5%.

Northrop Grumman offers adjustable-rate mortgages at 3-year today 5.5%, 5-year today 5.625%, and 7-year today 6.125%. These rates have held steady over the past week and month. Affinity offers a 15-year conventional fixed rate today at 5.625%, up 25 bp from a week ago. The 30-year conventional fixed rate is 6.25%, also up 25 bp over the last seven days. FHA fixed rates for 3-, 5-, and 7-year terms are 5.875%, 6.0%, and 6.25% respectively, each up 25 bp from a week ago.

Navy Federal Credit Union has a 15-year conventional fixed rate today at 5.625% and a 30-year conventional fixed rate at 6.25%. The 15-year conventional fixed rate is steady from a week ago but up 13 bp from a month ago. The 30-year conventional fixed rate also holds steady from last week but rose 13 bp over 30 days. The 15-year conventional refinance rate is 5.625%, unchanged from last week but up 25 bp from a month ago, while the 30-year conventional refinance rate is 6.25%, steady from last week but up 50 bp from 30 days ago. The 30-year VA fixed rate is 5.875%, up 13 bp from two weeks ago. The 30-year jumbo fixed rate is 6.5%, unchanged from last week but up 13 bp from a month ago. The 3-year ARM is at 5.375%, steady from last week but up 13 bp from 30 days ago, and the 5-year ARM is at 5.625%, also steady from last week but up 13 bp from a month ago.

Langley offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed rate at 6.375%, up 50 bp from 30 days ago. Their 15-year conventional refinance is also 5.75%, while the 30-year conventional refinance is 5.903%, up 28 bp over the past 30 days. FHA 30-year fixed loans are at 6.625%, and VA 30-year fixed loans are at 6.5%, both up 25 bp in the last 30 days. Allegacy offers a 15-year fixed rate at 6.25% and a 30-year fixed rate at 6.875%, both unchanged from last week. Their 5-year ARM is at 6.125%, down 13 bp from seven days ago. The 7-year ARM is 6.375%, also down 13 bp over the past week. The 10-year ARM holds steady at 6.125%.

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. Empeople offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed at 6.5%, both unchanged from a week ago. Their FHA fixed rates are 5.375% for 3-year, 5.625% for 5-year, and 5.875% for 7-year terms, each up 13 bp over the past 30 days.

Advancial offers a 15-year fixed conventional loan today at 5.99%, up 24 bp from last week. Their 30-year fixed conventional rate is 6.625%, up 25 bp over seven days. The 30-year fixed jumbo loan is also 6.625%, rising 25 bp in the past week and 50 bp over the last 30 days.