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:

Community First Credit Union Of Flo offers a 15-year conventional fixed rate at 6.0%, up 25 bp from last week. Their 30-year conventional fixed rate is 6.6%, rising 13 bp over seven days but down 13 bp from a month ago. Jumbo 30-year fixed loans are at 6.5%, up 13 bp in a week and down 13 bp in 30 days. The 5-year adjustable rate stands at 6.25%, unchanged over the past week but down 13 bp in the last month.

Achieva Credit Union has a 15-year Conventional Fixed rate today at 6.0%, up 13 bp from a week ago and also up 13 bp from a month ago. Their 30-year Conventional Fixed rate is 6.375%, down 13 bp from two weeks ago but up 3 bp from a month ago. The 30-year Jumbo Fixed rate is steady at 6.375%, with a 13 bp increase from a month ago. The 5-year ARM rate is 5.875%, unchanged from a week ago but up 13 bp from a month ago. The 10-year ARM rate is 6.375%, up 38 bp from a week ago and 50 bp from a month ago.

Dupaco Community offers a 15-year conventional fixed rate at 6.0% today, up 13 bp from last week. Their 30-year conventional fixed rate is 6.375%, also up 13 bp from last week but down 13 bp from a month ago. The 15-year and 30-year conventional refinance rates match the purchase rates, with the 30-year refinance rate down 13 bp from a month ago. 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.

First Technology offers a 15-year Conventional Fixed at 6.125% and a 30-year Conventional Fixed at 7.0%, up 13 bp from a week ago. Their 30-year Jumbo Fixed is 6.875%, rising 13 bp in the last week and 38 bp over 30 days. Adjustable rates include 5.875% for 5- and 7-year ARMs, steady this week but up 13 bp over 30 days, and a 10-year ARM at 6.75%, down 13 bp from two weeks ago but up 13 bp over 30 days. Ithink Financial offers a 15-year conventional fixed rate at 6.125% and a 30-year conventional fixed at 6.75%, both unchanged from a week ago but down 13 bp from a month ago. FHA 3-year adjustable rates hold steady at 6.125%, while FHA 5-, 7-, and 10-year adjustable rates range from 6.25% to 6.5%, each down 13 bp from a month ago.

Together offers a 15-year conventional fixed rate at 6.125% today, down 13 bp from two weeks ago. Their 30-year conventional fixed and jumbo fixed rates are both 6.75%, unchanged from last week but down 13 bp from two weeks ago. Adjustable 5-year ARMs are steady at 5.5%. Alliant shows a 15-year conventional fixed rate today at 6.125%, up 25 bp from last week and last month. The 30-year conventional fixed is 7.0%, also up 25 bp over the same periods. Adjustable 5-year and 7-year ARMs are at 6.0% and 6.125%, respectively, with smaller increases of 13 bp from last week and 25 bp from last month. The 10-year ARM is 6.375%, rising 13 bp from last week and 25 bp from last month.

American Airlines offers a 15-year conventional fixed mortgage at 6.21% and a 30-year conventional fixed at 6.583% today. The 30-year rate rose by 13 bp over the past 30 days. They also have a 5-year adjustable mortgage at 6.533%, which increased by 20 bp in the last 30 days. Rates have slightly increased compared to a month 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%.