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Today’s Mortgage Rates & Analysis - Updated on 2026-AUG-31
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 it influences the cost banks pay to borrow money.
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 rate at 5.75% and a 30-year Conventional Fixed at 6.625%, with the 30-year rate up 25 bp from a month ago. The 15-year Conventional ARM is steady at 5.75%, and the 30-year Conventional ARM is 6.625%, down 13 bp over 15 days. Jumbo 30-year Fixed loans are at 6.125%, up 25 bp from 30 days prior. The 5-year Adjustable rate is 5.125%, 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 offers a 15-year conventional fixed rate at 5.5% and a 30-year conventional fixed rate at 6.25%. The 15-year conventional refinance rate is 5.625%, while the 30-year conventional refinance rate stands at 6.375%. Jumbo 30-year fixed loans are also at 6.375%, with FHA and VA 30-year fixed rates both at 6.5%. Rates have held steady over the past month. Fairwinds offers a 15-year conventional fixed rate at 5.5% and a 30-year conventional fixed rate at 6.625%. They also have a 30-year jumbo fixed rate at 6.25%. These rates reflect today's values as of August 31, 2026.
Consumers offers a 15-year conventional fixed rate at 5.5% today and a 30-year conventional fixed rate at 6.875%, up 13 bp from last week. American has a 5-year ARM fixed at 6.0%, down 13 bp from 30 days ago. Jumbo 30-year fixed loans are at 6.875% today. 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.
Market Indicators - Data & Insights:
Today, Zillow’s 30-year mortgage rate is 6.496%, slightly higher than Freddie Mac’s 30-year rate at 6.660%. Zillow’s 30-year rate is also higher than it was 7 days ago. These rates reflect the cost borrowers pay for long-term home loans, which can influence how many people decide to buy or refinance homes.