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Today’s Mortgage Rates & Analysis - Updated on 2026-SEP-22
Federal Funds Rate - Trends & Analysis:
Today’s Fed Funds Effective Rate is 4.00%. This is higher than the rate 7 days ago, which was 3.75%. When the Fed Funds rate rises, it can put upward pressure on mortgage rates, making borrowing costs higher for homebuyers.
Credit Union Loan Rates - Trends & Analysis:
Alabama shows a 15-year conventional fixed rate today at 5.625%. FHA fixed loans are also steady with rates at 5.0% for 3-year, 5.5% for 5-year, 6.0% for 7-year, and 6.5% for 10-year terms. Rates have held steady over the past weeks. 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%.
Family Security offers a 30-year conventional fixed mortgage at 5.36% today. Rates have stayed steady over the past week. This is the only rate available from this credit union at the moment. America'S First offers a 15-year conventional fixed at 5.5% and a 30-year conventional fixed at 6.25% today. The 30-year fixed rate is unchanged from a week ago but up 50 bp from 30 days prior. Adjustable 5-year and 7-year ARMs are at 4.75% and 5.0%, respectively, both up 25 bp from 30 days ago.
Consumers offers a 15-year conventional fixed rate at 5.5% today. Their 30-year conventional fixed rate rose to 7.125%, up 25 bp from last week and 50 bp over the past month. Jumbo loans have a 30-year fixed rate at 7.125%, up 13 bp from last week and 50 bp from a month ago. The 5-year ARM is at 6.375%, increasing 25 bp from last week and 38 bp over 30 days. Northrop Grumman offers adjustable-rate mortgages with a 3-year ARM at 5.5% today, a 5-year ARM at 5.625%, and a 7-year ARM at 6.125%. These rates have stayed steady over the past week and month.
Affinity shows a 15-year conventional fixed rate today at 5.875%, up 25 bp from last week and 38 bp from 30 days ago. Their 30-year conventional fixed is 6.5%, also up 25 bp from last week and 38 bp from 30 days ago. FHA fixed rates for 3-year, 5-year, and 7-year terms are 6.125%, 6.25%, and 6.5%, each rising 25 bp over the past week and 38 bp over the past month. Navy Federal Credit Union offers a 15-year Conventional Fixed rate at 6.0% and a 30-year Conventional Fixed rate at 6.625% today. The VA 30-year Fixed rate is 6.25%, up 50 bp over the past 30 days. FHA loans include a 3-year ARM at 5.625% and a 5-year ARM at 5.875%, both up 25 bp from a week ago. Jumbo 30-year Fixed loans are at 6.875%, up 38 bp in the last week.
Alabama One offers a 15-year fixed rate at 6.375%, up 50 bp from a week ago. Their 30-year fixed rate is 7.125%, also up 50 bp over the same period. Both rates have increased since last week and remain higher than earlier in the month. 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.
Market Indicators - Data & Insights:
Today, Zillow's 30-year mortgage rate is 7.125%, and Freddie Mac's 30-year rate is 6.950%, with Zillow higher than Freddie Mac. Zillow's 30-year rate is also higher than 7 days ago. These rates reflect current borrowing costs, which influence how many people can afford to buy homes and affect overall housing demand.