Mortgage Loans in Miami, FL

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:

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.

Delta Community offers a 15-year conventional fixed rate at 5.5% and a 30-year conventional fixed rate at 6.25%, both unchanged from last week but up 13 bp from a month ago. 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 a week ago but up 25 bp from a month ago. Their 15-year conventional refinance rate is 5.75%, and the 30-year conventional refinance rate is 6.25%, also steady for the week and up 25 bp over 30 days.

America First offers 15-year and 30-year Conventional Fixed loans at 5.75% and 6.5%, respectively. Their 30-year FHA Fixed rate is 6.0%, down 13 bp from a week ago. The 30-year VA Fixed rate is 6.125%, also down 13 bp over the past week. Rates have been steady for Conventional loans this month. Wings Financial offers a 15-year Conventional Fixed rate at 5.625% and a 30-year Conventional Fixed rate at 6.5%, up 13 bp from a week ago. Their 15-year Conventional ARM is also 5.625%, while the 30-year Conventional ARM matches the 30-year Fixed at 6.5%, also up 13 bp. Adjustable rates include a 5-year ARM at 5.375% and a 7-year ARM at 5.625%, both steady from last week. The 10-year ARM is 5.875%, up 13 bp from seven days ago and 25 bp from 30 days ago. The Jumbo 30-year Fixed rate is 6.5%, up 13 bp from a week ago.

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.

Digital offers a 15-year conventional fixed rate at 6.125% and a 30-year conventional fixed rate at 6.875% today. The 30-year conventional fixed rate rose by 13 bp over the past week and 50 bp over the past 30 days. The 15-year conventional fixed rate remains steady compared to last week but is up 25 bp from 30 days ago. The 30-year conventional fixed jumbo rate is 7.0% today, up 13 bp from last week and 50 bp from 30 days ago. Pentagon offers a 30-year Conventional Fixed at 6.25% and a 30-year Conventional Refi at 6.125%, down 13 bp from a week ago but up 13 bp from 30 days ago. Their 30-year FHA and VA Fixed rates are both 5.75%, with FHA up 13 bp from a week ago. The Jumbo 30-year Fixed rate is steady at 6.25%.

Midflorida shows a 30-year conventional fixed rate today at 6.5%. This rate has increased by 13 bp over the past 30 days. The 30-year conventional fixed rate for refinances is 6.24%.