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 offers a 15-year conventional fixed rate at 5.875%, up 25 bp from last week and 38 bp from a month ago. Their 30-year conventional fixed rate is 6.5%, also up 25 bp from last week and 38 bp from 30 days prior. For adjustable rates, the 3-year ARM is at 6.0%, rising 13 bp in the past week and 25 bp over 30 days. The 5-year ARM stands at 6.125%, with similar increases of 13 bp and 25 bp over the same periods. The 7-year ARM is 6.375%, up 13 bp week-over-week and 25 bp month-over-month. Fairwinds shows a 15-year Conventional Fixed rate today at 5.875%, up 38 bp over the past 15 days. Their 30-year Conventional Fixed rate is 6.875%, rising 25 bp in the same period. The 30-year Jumbo Fixed rate stands at 6.5%, also up 25 bp in 15 days.

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. 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.

Grow Financial offers a 15-year conventional fixed rate at 6.5% and a 30-year conventional fixed at 6.75%, both up 25 bp from last week and 38 bp higher than a month ago. Their FHA 3-year ARM is today 5.625%, and the FHA 5-year ARM is 6.125%, each up 25 bp from last week and 38 bp from 30 days ago. The 10-year ARM is at 6.75%, also showing the same weekly and monthly increases.

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.

Achieva Credit Union has a 15-year Conventional Fixed rate today at 6.125%, up 13 bp from last week and 25 bp from 30 days ago. The 30-year Conventional Fixed and Jumbo Fixed rates are both 6.625%, also up 13 bp from last week and 25 bp from 30 days ago. Their 5-year Adjustable rate is 6.125%, with the same weekly and monthly increases. The 10-year Adjustable Fixed rate is 6.375%, up 13 bp from last week and 38 bp from 30 days ago. Connexus offers a 15-year conventional fixed rate at 6.125%, unchanged from last week, and a 30-year conventional fixed at 6.875%, up 13 bp in the past week. Adjustable rates include a 3-year ARM at 4.99%, a 5-year ARM at 5.375%, and a 7-year ARM at 5.625%, all steady since last week.

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 rate at 6.21% and a 30-year conventional fixed at 6.583%. Their 5-year adjustable rate is 6.533% today. Rates have been steady over the past month with no changes in basis points.