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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%, 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:
Alabama shows a 15-year Conventional Fixed rate today at 5.625%. FHA loans are available with rates from 5.0% for 3-year to 6.5% for 10-year terms. Rates have held steady over the past weeks. Mccoy offers a 15-year fixed rate at 5.5% and a 30-year fixed rate at 6.0%, both unchanged from recent weeks. These steady rates provide clear options for fixed-term loans today.
Tropical Financial offers a 15-year Conventional Fixed at 5.75% today, unchanged from last week but up 13 bp from a month ago. Their 30-year Conventional Fixed is 6.625%, steady over the past week but up 25 bp from 30 days prior. The 15-year Conventional ARM matches the fixed rate at 5.75%. The 30-year Conventional ARM is 6.625%, down 13 bp from last week but up 13 bp from a month ago. Jumbo 30-year Fixed loans are at 6.125%, unchanged this week but up 25 bp over 30 days. The 5-year Adjustable is 5.125%, steady this 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. Space Coast shows a 15-year conventional fixed rate today at 5.5% and a 30-year conventional fixed at 6.25%. The 15-year conventional refinance is 5.625%, while the 30-year conventional refinance is 6.375%. FHA and VA 30-year fixed rates are both at 6.5%, and the jumbo 30-year fixed is 6.375%. Compared to a month ago, rates are up by 13 bp across these programs.
Consumers offers a 15-year conventional fixed rate at 5.5% and a 30-year conventional fixed rate at 6.75%, both unchanged this week. Jumbo loans have a 30-year fixed rate at 6.875%. The FHA 5-year ARM is at 6.0%, down 13 bp from 30 days ago. Publix Employees offers a 15-year conventional fixed rate at 5.58% today, down 2 bp from last week but up 8 bp from a month ago. Their 30-year conventional fixed rate is 6.22%, up 4 bp from last week and 11 bp higher than 30 days ago. The jumbo 30-year fixed rate stands at 5.97%, also up 4 bp from last week and 11 bp over the past month.
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 has a 15-year Conventional fixed rate today at 5.625%, up 13 bp from last week. The 30-year Conventional fixed rate is 6.25%, also up 13 bp over seven days. Their 15-year Conventional refinance rate is 5.625%, rising 13 bp in the past week. The 30-year Conventional refinance rate is 6.25%, up 13 bp from last week. The 30-year VA fixed rate holds steady at 5.75%. The 30-year Jumbo fixed rate is 6.5%, up 13 bp in seven days.
Market Indicators - Data & Insights:
Today, Zillow's 30-year mortgage rate is 6.465%, slightly higher than Freddie Mac's 30-year rate at 6.650%. Zillow's 30-year rate is also higher than it was 7 days ago. These rates reflect current borrowing costs, which influence how many people can afford to buy homes and affect overall housing demand.