Mortgage Loans in Miami, FL

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 4.00%, higher than 7, 30, 60, and 90 days ago when it was 3.75%. When the Fed Funds rate rises, it can increase mortgage rates because lenders face higher borrowing costs.

Credit Union Loan Rates - Trends & Analysis:

Affinity Plus offers a 15-year Conventional Fixed rate at 6.5% today, up 13 bp from a week ago and 38 bp over the past 30 days. The 30-year Conventional Fixed and Jumbo Fixed rates are both 7.0%, each up 13 bp from last week and 25 bp over 30 days. The VA 30-year Fixed rate is 7.625%, unchanged from a week ago but up 38 bp over 30 days. Adjustable-rate 5-year and 7-year ARMs hold steady at 5.25% and 5.5%. Launch Credit Union offers a 15-year conventional fixed at 6.0% and a 30-year conventional fixed at 6.5%. Their 15-year conventional refinance rate is 5.75%, and the 30-year conventional refinance rate is 6.25%. These rates have stayed steady over the past month.

Space Coast shows a 15-year Conventional Fixed rate today at 5.75%, up 13 bp from last week. The 30-year Conventional Fixed rate is 6.5%, also up 13 bp over seven days. For 15-year Conventional Refi, the rate is 5.875%, and the 30-year Conventional Refi rate is 6.625%, both increased by 13 bp this week. FHA, VA, and Jumbo 30-year Fixed rates are higher, at 6.75%, 6.75%, and 6.625%, respectively, with FHA and VA rising 13 bp in the past week. Tropical Financial offers a 15-year conventional fixed rate at 6.125%, up 38 bp from a week ago. Their 30-year conventional fixed is 6.875%, rising 25 bp in the last 7 days. Jumbo 30-year fixed loans are at 6.5%, up 25 bp from last week. The 5-year adjustable rate is 5.75%, with a 63 bp increase over seven days.

Navy Federal Credit Union has a 15-year Conventional Fixed rate today at 6.0%, up 38 bp from a week ago. The 30-year Conventional Fixed rate is 6.625%, also up 38 bp over seven days and 50 bp higher than 30 days ago. The 30-year VA Fixed rate stands at 6.25%, increasing 38 bp in the past week. FHA 3-year ARM is at 5.625%, with a 25 bp rise in the last seven days. The 5-year ARM is 5.875%, up 25 bp this week.

Wings Financial shows a 15-year conventional fixed rate today at 6.25%, up 13 bp from last week and 63 bp from a month ago. Their 30-year conventional fixed is steady at 6.875%, unchanged from last week but 50 bp higher than a month ago. The 30-year jumbo fixed is 6.875%, up 13 bp from last week and 50 bp from a month ago. Adjustable rates include a 5-year ARM at 6.125%, up 38 bp from last week and 75 bp from a month ago, and a 7-year ARM at 6.0%, up 13 bp from last week and 38 bp from a month ago. Midflorida offers a 30-year Conventional fixed rate today at 6.75%, up 13 bp from last week and 25 bp from a month ago. Their 30-year Conventional refinance rate holds steady at 6.24%. The 7-year ARM fixed rate is 6.5%, rising 25 bp over the past 15 days.

Dupaco Community offers a 15-year conventional fixed at 6.38%, up 25 bp from a week ago and 50 bp higher than 30 days back. Their 30-year conventional fixed is 6.75%, rising 38 bp over the past week and 38 bp since 30 days ago. The same rates apply for the 15- and 30-year conventional refinances with similar changes. Mayo Employees offers a 15-year Conventional fixed rate at 6.25%, up 38 bp from last week. Their 30-year Conventional fixed rate is 6.875%, also up 38 bp. The 15-year Conventional refinance rate is 6.505%, rising 25 bp over the past week. Adjustable rates include a 5-year ARM at 5.75%, up 13 bp, and a 7-year ARM at 5.875%, also up 13 bp.

Digital shows a 15-year conventional fixed rate today at 6.75%, up 38 bp from last week and 63 bp from 30 days ago. The 30-year conventional fixed rate is 7.375%, up 38 bp from last week and 50 bp from 30 days ago. The 15-year conventional refinance rate is 6.625%, up 13 bp from last week and 50 bp from 30 days ago. The 30-year conventional refinance rate holds steady at 7.375%, up 38 bp from 30 days ago. Jumbo 30-year fixed is 7.25% today, up 50 bp from 30 days ago.