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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:
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. Eastrise offers a 15-year fixed rate at 6.25% and a 30-year fixed rate at 6.38%, both unchanged from last week and last month. These rates have held steady over the past month, providing consistent options for fixed-rate mortgages.
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%.
Elga offers a 15-year Conventional fixed rate at 6.25%, unchanged from last week. Their 30-year Conventional fixed rate is 6.875%, up 13 bp from three weeks ago. The 30-year FHA fixed rate is 6.625%, down 25 bp from last week. Adjustable rates for 3-, 5-, and 7-year terms range from 6.25% to 6.5%, all steady since last week. Frankenmuth offers a 15-year fixed rate at 6.25%, unchanged from last week but up 25 bp from a month ago. Their 30-year fixed rate is 6.625%, steady over the past week and up 13 bp from 30 days ago.
Financial Plus offers a 15-year conventional fixed rate at 6.5%, up 13 bp from last week. Their 30-year conventional fixed rate is steady at 6.75%, down 13 bp from a month ago. The 30-year FHA fixed rate holds at 6.25%, also down 13 bp from 30 days prior. Intouch offers a 5-year ARM at 6.5%, up 25 bp from 30 days ago. This is the only rate available today. Directions offers a 30-year Conventional Fixed mortgage at 7.0% today. The rate is unchanged from a week ago but up 25 bp from 30 days prior. The same terms apply for the 30-year Conventional Refinance Fixed at 7.0%, with identical changes.
Everwise offers a 30-year conventional fixed mortgage at 6.75% today, unchanged from last week and last month.
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.