Mortgage Loans in Jacksonville, FL

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. Delta Community offers a 15-year FHA loan at 5.5% and a 30-year FHA loan at 6.25%, both unchanged from a week ago. These rates have held steady since early August. If you are considering FHA loans, these rates provide a clear snapshot of current costs.

Launch Credit Union offers a 15-year conventional fixed mortgage at 6.0% and a 30-year conventional fixed at 6.5%. Their 15-year conventional refinance rate is 5.75%, while the 30-year conventional refinance rate is 6.25%. These rates have stayed steady over the past month. Space Coast offers a 15-year Conventional Fixed at 5.625% today, up 13 bp from last week. Their 30-year Conventional Fixed is 6.375%, also up 13 bp over seven days. The 15-year Conventional Refinance rate is 5.75%, and the 30-year Conventional Refinance is 6.5%, both up 13 bp. FHA and VA 30-year Fixed rates stand at 6.625%, with Jumbo 30-year Fixed at 6.5%, each up 13 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.

Tropical Financial offers a 15-year Conventional Fixed at 5.75% and a 30-year Conventional Fixed at 6.625% today. Their 15-year Conventional Refinance rate is 5.875%, up 13 bp from a week ago. The 30-year Conventional Refinance rate is 6.75%, unchanged from a week ago but up 13 bp over 15 days. Jumbo 30-year Fixed is 6.25%, up 13 bp over the past 30 days. The 5-year ARM is steady at 5.125%. Wings Financial offers a 15-year conventional fixed rate today at 6.125%, up 25 bp from a week ago. Their 30-year conventional fixed is 6.875%, also up 38 bp from last week. The 15-year and 30-year conventional refinance rates match the purchase rates. Jumbo 30-year fixed loans are at 6.75%, rising 25 bp in seven days. Adjustable 5-year ARMs are at 5.75%, up 38 bp, while 7-year ARMs are 5.875%, up 13 bp.

Dupaco Community offers a 15-year conventional fixed rate at 6.125% today, unchanged from a week ago but up 13 bp from 30 days prior. Their 30-year conventional fixed rate is 6.375%, down 13 bp from last week and steady over the past month. The 15-year and 30-year conventional refinance rates are 6.125% and 6.5%, respectively, with the 30-year refinance up 13 bp from 30 days ago. America First shows a 15-year conventional fixed rate at 6.125%, up 25 bp from a week ago. Their 30-year conventional fixed is 6.75%, also up 25 bp in the last 7 days. FHA 30-year fixed is 6.375%, rising 13 bp this week. VA 30-year fixed stands at 6.5%, up 13 bp from last week. The 30-year conventional refinance rate is 6.875%, up 25 bp compared to seven days ago.

Midflorida offers a 30-year Conventional fixed rate at 6.625%, up 13 bp from 30 days ago. Their 30-year Conventional refinance rate holds steady at 6.24%.