Mortgage Loans in Columbia, SC

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:

Houston shows a 15-year fixed rate today at 5.5%, up 38 bp from a week ago. The 30-year fixed rate is 6.125%, rising 25 bp over the same period. Both rates have increased since late August. Family Trust offers a 15-year fixed rate at 5.25%, unchanged from last week but up 25 bp from a month ago. The 30-year fixed rate is 6.125%, steady over the past week and up 25 bp from 30 days ago. 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.

Safe shows a 30-year Conventional Fixed rate today at 6.801%, up 25 bp from a week ago and also 25 bp higher than 30 days prior. Their 5-year ARM rate is 6.479%, which is 10 bp higher than both one week and one month ago. Peach State offers a 15-year conventional fixed rate at 6.0%, unchanged from a week ago but down 13 bp from a month ago. The 30-year conventional fixed rate is 6.875%, up 13 bp over the past 15 days. For adjustable-rate mortgages, the 5-year ARM is at 5.375%, and the 7-year ARM is 5.5%, both up 13 bp over the last 30 days. The 10-year ARM stands at 5.625%, also up 13 bp in the past month.

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.

Allsouth offers a 15-year fixed rate at 5.625% and a 30-year fixed rate at 6.625%, both unchanged from recent weeks. Adjustable 5-year terms are at 5.5%, and 10-year fixed loans are at 5.75%. Rates have held steady, giving borrowers clear options for fixed and adjustable loans today.