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Today’s Mortgage Rates & Analysis - Updated on 2026-AUG-28
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:
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%. Guardian offers a 15-year conventional fixed rate at 6.25%, down 13 bp from a week ago. Their 30-year conventional fixed rate holds steady at 6.75%. The 3-year ARM FHA fixed rate is 6.0%, down 13 bp from 30 days ago.
Gulf Winds offers a 15-year fixed rate at 6.5% and a 30-year fixed rate at 6.875%, both unchanged from last week. Their adjustable 3-, 5-, 7-, and 10-year ARMs start at rates between 6.28% and 6.58%, steady since a month ago. Family Savings offers a 15-year conventional fixed mortgage at 6.85% today, up 10 bp from last week and also 10 bp higher than 30 days ago. Tyndall offers a 30-year Conventional fixed mortgage at 6.875% today, up 13 bp from 30 days ago. Their 30-year FHA fixed rate is 6.375%, which increased by 25 bp over the past month. Both rates have held steady compared to last week.
Market Indicators - Data & Insights:
Today, Zillow's 30-year mortgage rate is 6.465%, slightly higher than Freddie Mac's 30-year rate at 6.650%. Zillow's 30-year rate is also higher than it was 7 days ago. These rates reflect current borrowing costs, which influence how many people can afford to buy homes and affect overall housing demand.