Mortgage Loans in New Smyrna Beach, FL

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 3.75%, unchanged from 7, 30, 60, and 90 days ago. When the Fed Funds rate is higher, it can put upward pressure on mortgage rates because lenders’ borrowing costs increase.

Credit Union Loan Rates - Trends & Analysis:

Connexus offers a 15-year conventional fixed rate today at 5.625% and a 30-year conventional fixed rate at 6.375%. Their FHA 3-year ARM is at 4.99%, the 5-year ARM is 5.375%, and the 7-year ARM is 5.625%. These rates have held steady compared to recent data. America First offers 15-year and 30-year Conventional Fixed loans at 5.75% and 6.5%, respectively. Their 30-year FHA Fixed rate is 6.0%, down 13 bp from a week ago. The 30-year VA Fixed rate is 6.125%, also down 13 bp over the past week. Rates have been steady for Conventional loans this month.

Wings Financial offers a 15-year Conventional Fixed rate at 5.625% and a 30-year Conventional Fixed rate at 6.5%, up 13 bp from a week ago. Their 15-year Conventional ARM is also 5.625%, while the 30-year Conventional ARM matches the 30-year Fixed at 6.5%, also up 13 bp. Adjustable rates include a 5-year ARM at 5.375% and a 7-year ARM at 5.625%, both steady from last week. The 10-year ARM is 5.875%, up 13 bp from seven days ago and 25 bp from 30 days ago. The Jumbo 30-year Fixed rate is 6.5%, up 13 bp from a week ago. Baxter offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed rate at 6.5%, both unchanged from earlier in the month. Their 30-year jumbo fixed rate is 6.25%, steady as well. The 5-year ARM is at 5.25%, with no recent change.

Grow Financial offers a 15-year conventional fixed rate at 6.25% and a 30-year conventional fixed rate at 6.5%, both up 13 bp from last week. Their 3-year ARM is today 5.75%, and the 5-year ARM is 5.875%, each up 13 bp from last week. The 10-year ARM is also 6.5%, up 13 bp from last week. Launch Credit Union offers a 15-year conventional fixed rate at 6.0% and a 30-year conventional fixed rate at 6.5%, both unchanged from a week ago but up 25 bp from a month ago. Their 15-year conventional refinance rate is 5.75%, and the 30-year conventional refinance rate is 6.25%, also steady for the week and up 25 bp over 30 days.

State Department shows a 15-year conventional fixed rate today at 5.625%, unchanged from last week but down 13 bp from a month ago. The 30-year conventional fixed rate is 6.25%, down 13 bp from both last week and a month ago. Jumbo 30-year fixed loans are at 6.625%, down 13 bp from last week and the past month. Adjustable 5-year fixed rates stand at 5.75%, down 13 bp from last week and 25 bp from a month ago. Community Credit Union Of Florida offers a 15-year conventional fixed rate at 6.0%, unchanged from a week ago but up 25 bp from a month ago. Their 30-year conventional fixed rate is 6.625%, up 13 bp from both a week and a month ago. FHA, VA, and Jumbo 30-year fixed rates are all at 6.125%, also up 13 bp from a week and a month ago.

Nasa offers a 15-year conventional fixed rate at 5.875%, up 13 bp from a week ago. Their 30-year conventional fixed rate is 6.375%, down 13 bp over the past month. The 30-year FHA fixed rate is 6.25%, up 13 bp from last week. The 30-year VA fixed rate stands at 6.0%, up 13 bp from seven days ago. The 30-year jumbo fixed rate matches the conventional at 6.375%, down 13 bp over 30 days.

Achieva Credit Union has a 15-year Conventional Fixed rate today at 6.0%, up 13 bp from a week ago and also up 13 bp from a month ago. Their 30-year Conventional Fixed rate is 6.375%, down 13 bp from two weeks ago but up 3 bp from a month ago. The 30-year Jumbo Fixed rate is steady at 6.375%, with a 13 bp increase from a month ago. The 5-year ARM rate is 5.875%, unchanged from a week ago but up 13 bp from a month ago. The 10-year ARM rate is 6.375%, up 38 bp from a week ago and 50 bp from a month ago.