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Today’s Mortgage Rates & Analysis - Updated on 2026-AUG-28
Federal Funds Rate - Trends & Analysis:
Today’s Fed Funds Effective Rate is 3.75%. This rate has stayed the same compared to 1, 7, 30, 60, and 90 days ago. When the Fed Funds rate is steady, it can help keep mortgage rates stable since banks use this rate to set loan costs.
Credit Union Loan Rates - Trends & Analysis:
Houston shows a 15-year conventional fixed rate at 5.125% and a 30-year conventional fixed rate at 5.875%, both unchanged from recent weeks. These steady rates give a clear picture for buyers considering fixed loans in these terms. Family Trust offers a 15-year fixed rate at 5.0% and a 30-year fixed rate at 5.875% today. Both rates are unchanged from a week ago but have risen 38 bp since the end of July. The 15-year fixed rate was lower last month at 4.625%, while the 30-year fixed was 5.5%.
Peach State offers a 15-year fixed rate at 6.0%, steady from last week but unchanged from a month ago. Their 30-year fixed sits at 6.875%, up 13 bp from last week and also up 13 bp from a month ago. Adjustable rates include a 5-year ARM at 5.25%, unchanged from last week but up 13 bp from a month ago, a 7-year ARM at 5.375%, steady from last week and up 13 bp from a month ago, and a 10-year ARM at 5.5%, unchanged from last week and up 13 bp from a month ago. Affinity Plus offers a 15-year Conventional fixed rate at 6.125% and a 30-year Conventional fixed and refinance rate at 6.75%. The VA 30-year fixed rate is 7.25%. Adjustable rates include 5-year ARMs at 5.25% and 7-year ARMs at 5.5%, all unchanged from recent weeks.
Affinity offers a 15-year conventional fixed rate today at 5.375%, down 13 bp from last week but up 13 bp from a month ago. Their 30-year conventional fixed rate is 6.0%, also down 13 bp from last week and up 13 bp from a month ago. FHA fixed rates are 5.625% for 3-year, 5.75% for 5-year, and 6.0% for 7-year terms, each down 13 bp from last week and up 13 bp from a month ago. Consumers offer a 15-year fixed conventional loan at 5.5% and a 30-year fixed conventional loan at 6.625%, down 13 bp from a week ago. Their 30-year fixed jumbo loan is 6.625%, down 25 bp from last week. A5 has a 5-year ARM at 6.0%, unchanged from last week but down 13 bp from a month ago.
Northrop Grumman offers adjustable-rate mortgages with 3-year today at 5.5%, 5-year at 5.625%, and 7-year at 6.125%. These rates have held steady over the past week and month. Navy Federal Credit Union offers a 15-year conventional fixed rate at 5.625% and a 30-year conventional fixed rate at 6.25%, both unchanged from a week ago. The 15-year conventional refinance is 5.625%, up 25 bp from two weeks ago, while the 30-year conventional refinance is 6.25%, up 50 bp over the same period. The 30-year VA fixed rate is 5.75%, steady from last week but down 13 bp from a month ago. The 30-year jumbo fixed rate is 6.5%, unchanged from last week. The 3-year ARM is 5.375%, and the 5-year ARM is 5.625%, both steady from last week.
Connexus offers a 15-year conventional fixed rate at 5.625% and a 30-year conventional fixed rate at 6.375%, both unchanged from last week. Their 3-year ARM is steady at 4.99%, and the 5-year ARM holds at 5.375%. The 7-year ARM is also stable today at 5.625%. Allsouth offers a 15-year fixed conventional loan today at 5.625%, up 13 bp from 30 days ago. The 30-year fixed conventional rate is 6.625%, also up 25 bp over the past month. Their 5-year adjustable rate is 5.5%, rising 13 bp since last month, and the 10-year adjustable rate stands at 5.75%, up 13 bp as well.
Market Indicators - Data & Insights:
Today, Zillow’s 30-year mortgage rate is 6.411%, and Freddie Mac’s 30-year rate is 6.660%, with Zillow lower than Freddie Mac. Zillow’s 15-year rate is 6.109%, down from 7 days ago. These rates reflect the cost borrowers pay to finance homes, influencing how many people can afford to buy or refinance.