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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:
State Department shows a 15-year conventional fixed rate today at 5.625%, unchanged from last week but down 13 bp from a month ago. The 30-year conventional fixed rate is 6.25%, down 13 bp from both last week and a month ago. Jumbo 30-year fixed loans are at 6.625%, down 13 bp from last week and the past month. Adjustable 5-year fixed rates stand at 5.75%, down 13 bp from last week and 25 bp from a month ago. Nasa offers a 15-year conventional fixed rate at 5.875%, up 13 bp from a week ago. Their 30-year conventional fixed rate is 6.375%, down 13 bp over the past month. The 30-year FHA fixed rate is 6.25%, up 13 bp from last week. The 30-year VA fixed rate stands at 6.0%, up 13 bp from seven days ago. The 30-year jumbo fixed rate matches the conventional at 6.375%, down 13 bp over 30 days.
Advia offers a 15-year conventional fixed rate at 5.875%, down 25 bp from a week ago, and a 30-year conventional fixed at 6.625%. Their 5-year adjustable rate is 5.875%, and the 7-year adjustable is 6.0%, both up 13 bp over the past 30 days. Rates have shifted slightly this month, with the 15-year fixed dropping from earlier in August. Zeal offers a 15-year conventional fixed rate today at 5.875%, unchanged from a week ago but down 13 bp from a month ago. The 30-year conventional fixed rate is 6.625%, up 13 bp over the past week. Adjustable rates include a 5-year ARM at 5.875%, up 13 bp in the last week, and a 7-year ARM at 6.0%, also up 13 bp this week.
Dupaco Community offers a 15-year conventional fixed rate at 6.0% today, up 13 bp from last week. Their 30-year conventional fixed rate is 6.375%, also up 13 bp from last week but down 13 bp from a month ago. The 15-year and 30-year conventional refinance rates match the purchase rates, with the 30-year refinance rate down 13 bp from a month ago. Lake Trust shows a 15-year conventional fixed rate today at 5.875%, down 25 bp from a week ago. The 30-year conventional fixed rate is 6.5%, down 13 bp in the same period. Adjustable 5-year and 7-year ARM rates are 5.75% and 5.875%, each down 13 bp from last week.
Digital offers a 15-year conventional fixed rate at 6.125% and a 30-year conventional fixed rate at 6.875% today. The 30-year conventional fixed rate rose by 13 bp over the past week and 50 bp over the past 30 days. The 15-year conventional fixed rate remains steady compared to last week but is up 25 bp from 30 days ago. The 30-year conventional fixed jumbo rate is 7.0% today, up 13 bp from last week and 50 bp from 30 days ago. First Technology offers a 15-year Conventional Fixed at 6.125% and a 30-year Conventional Fixed at 7.0%, up 13 bp from a week ago. Their 30-year Jumbo Fixed is 6.875%, rising 13 bp in the last week and 38 bp over 30 days. Adjustable rates include 5.875% for 5- and 7-year ARMs, steady this week but up 13 bp over 30 days, and a 10-year ARM at 6.75%, down 13 bp from two weeks ago but up 13 bp over 30 days.
Honor offers a 15-year conventional fixed rate at 5.875% and a 30-year conventional fixed rate at 6.375%. The 30-year FHA fixed rate is 6.25%. These rates have stayed steady over the past week and month. Members First offers a 15-year fixed rate at 6.125%, unchanged from a week ago but down 13 bp from a month ago. Their 30-year fixed rate is 6.625%, steady over the past week and down 13 bp from 30 days ago.
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.