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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%. 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:
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 mortgage at 6.25% today, up 12 bp from two weeks ago. Their 30-year fixed rate remains steady at 6.38%.
American Airlines offers a 15-year conventional fixed rate at 6.21% today, unchanged from last week but up 13 bp from a month ago. The 30-year conventional fixed rate is 6.583%, also steady over seven days and up 13 bp over 30 days. Their 5-year adjustable rate stands at 6.533%, with a 20 bp increase over the past month. Pentagon offers 30-year Conventional Fixed and 30-year VA Fixed loans at 6.25% today. The 30-year FHA Fixed and VA Fixed loans are both at 5.75%. Rates have held steady over the past week and month.
Elga shows a 15-year Conventional fixed rate at 6.25% today, unchanged from last week but up 13 bp from a month ago. The 30-year FHA fixed rate is 6.875%, up 25 bp from last week and a month ago. Adjustable rates for 3-, 5-, and 7-year terms remain steady at 6.25%, 6.375%, and 6.5%, respectively. Frankenmuth offers a 15-year fixed rate at 6.25% today, up 13 bp from two weeks ago and 25 bp from a month ago. Their 30-year fixed rate is 6.625%, unchanged from last week but up 13 bp from a month ago.
Financial Plus offers a 15-year conventional fixed rate at 6.375% and a 30-year conventional fixed rate at 6.75%, which is down 13 bp from 30 days ago. Their 30-year FHA fixed rate is 6.25%, also down 13 bp over the past month. These rates have stayed steady over the past week. 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 13 bp from a month ago. There are no other fixed or adjustable options with current rates shown.
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 6.411%, and Freddie Mac’s 30-year rate is 6.660%, with Zillow lower than Freddie Mac. Zillow’s 15-year rate is 6.109%, down from 7 days ago. These rates reflect the cost borrowers pay to finance homes, influencing how many people can afford to buy or refinance.