Mortgage Loans in Miami, 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 banks use this rate to set loan costs.

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 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.

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 at 5.625% and a 30-year conventional fixed rate at 6.25%, both unchanged from a week ago. The 15-year conventional refinance is 5.625%, up 25 bp from two weeks ago, while the 30-year conventional refinance is 6.25%, up 50 bp over the same period. The 30-year VA fixed rate is 5.75%, steady from last week but down 13 bp from a month ago. The 30-year jumbo fixed rate is 6.5%, unchanged from last week. The 3-year ARM is 5.375%, and the 5-year ARM is 5.625%, both steady from last week.

America First shows a 15-year conventional fixed rate today at 5.875%, up 13 bp from last week. Their 30-year conventional fixed and 30-year conventional refinance rates are both 6.5%, unchanged from a week ago but up 13 bp from two weeks ago. FHA 30-year fixed is at 6.0%, down 13 bp from last week. VA 30-year fixed stands at 6.125%, also down 13 bp from last week. 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.

Digital shows a 15-year conventional fixed rate today at 6.125%, unchanged from last week but up 25 bp from a month ago. The 30-year conventional fixed rate is 6.875%, down 13 bp from last week but up 38 bp from a month ago. The 30-year conventional refinance rate is also 6.875%, down 25 bp from last week and up 38 bp from a month ago. Mayo Employees offers a 15-year Conventional fixed rate at 5.875% and a 30-year Conventional fixed rate at 6.5%, both unchanged from last week. Their 15-year Conventional refinance rate is 6.127%, up 13 bp from seven days ago. Adjustable rates include a 5-year ARM at 5.625% and a 7-year ARM at 5.75%, steady from last week.