Mortgage Loans in Kasson, MN

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:

Digital shows a 15-year Conventional Fixed rate today at 6.75%, up 13 bp from last week and 63 bp higher than a month ago. The 30-year Conventional Fixed rate is 7.375%, unchanged from last week but 38 bp higher than 30 days ago. The 30-year Conventional ARM is also 7.375%, steady over the past week and up 25 bp from a month ago. The 30-year Jumbo Fixed rate is 7.25%, steady week-over-week and 38 bp higher than 30 days prior.

Pentagon offers a 30-year Conventional Fixed at 6.625% today, up 13 bp from last week and 38 bp from a month ago. Their 30-year Conventional Refinance Fixed is at 6.75%, also up 13 bp from last week and 50 bp from a month ago. The 30-year FHA Fixed rate is 6.125%, rising 13 bp since last week and 38 bp over the past month. The 30-year VA Fixed is steady today at 6.125%, with a 38 bp increase from a month ago. Jumbo 30-year Fixed loans are at 6.625%, up 25 bp from last week and 38 bp from a month ago.

America First shows a 15-year conventional fixed rate at 6.375%, up 25 bp from last week and 63 bp higher than a month ago. Their 30-year conventional fixed rate is 6.875%, unchanged from last week but up 38 bp from a month ago. FHA 30-year fixed is 6.5%, up 13 bp from last week and 50 bp from a month ago. VA 30-year fixed stands at 6.625%, up 13 bp this week and 50 bp over 30 days.