Mortgage Loans in Merritt Island, FL

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:

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.

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. 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 last week but up 25 bp from the start of August. Their 15-year conventional refinance rate is 5.75%, and the 30-year conventional refinance rate is 6.25%, also steady over the past week and up 25 bp from early August.

Wings Financial offers a 15-year conventional fixed rate today at 5.75%, up 13 bp from last week. Their 30-year conventional fixed rate is 6.375%, down 13 bp from seven days ago. The 15-year and 30-year conventional refinance rates match these fixed rates. Jumbo 30-year fixed loans are also at 6.375%, down 13 bp from last week. Adjustable 5-year and 7-year ARM rates hold steady at 5.375% and 5.625%, respectively, while the 10-year ARM is 5.875%, up 13 bp from two weeks ago.

Navy Federal Credit Union offers a 15-year Conventional fixed rate today at 5.625% and a 30-year Conventional fixed rate at 6.25%. The 15-year Conventional rate rose 13 bp over the past 15 days. Their 15-year Conventional refinance rate is 5.625%, up 25 bp in the last week, while the 30-year Conventional refinance rate is 6.25%, up 50 bp in the same period. The 30-year VA fixed rate is 5.875%, up 13 bp in the past week. The 3-year ARM Conventional rate is 5.375%, and the 5-year ARM Conventional rate is 5.625%, both steady from a week ago. The 30-year Jumbo fixed rate is 6.5%, up 13 bp over 15 days.

America First shows a 15-year conventional fixed rate today at 5.875%, up 13 bp from a week ago. The 30-year conventional fixed rate is 6.625%, also up 13 bp over the last week. The 30-year FHA fixed rate is 6.25%, rising 13 bp in seven days. The 30-year VA fixed rate is 6.375%, up 13 bp from last week and 38 bp higher than a month ago. Dupaco Community offers a 15-year conventional fixed rate at 6.0% and a 30-year conventional fixed rate at 6.375%, both unchanged from a week ago but up 13 bp from two weeks prior. The same rates apply for 15-year and 30-year conventional refinances.

Midflorida shows a 30-year conventional fixed rate today at 6.5%, unchanged from a week ago but up 13 bp from a month ago. The 30-year conventional refinance rate is 6.24%. The 7-year ARM fixed rate is 6.25%. Digital offers a 15-year conventional fixed rate at 6.125% today, down 13 bp from last week. Their 30-year conventional fixed rate is 6.875%, also down 13 bp over seven days but up 38 bp from a month ago. The 15-year conventional refinance rate is steady at 6.25%, while the 30-year conventional refinance rate is 7.125%, unchanged from last week but up 63 bp over the past month.