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Today’s Mortgage Rates & Analysis - Updated on 2026-SEP-06
Federal Funds Rate - Trends & Analysis:
Today’s Fed Funds Effective Rate is 3.75%, unchanged from 1, 7, 30, 60, and 90 days ago. The rate is lower than one year ago when it was 4.50%. When the Fed Funds rate is higher, it can increase mortgage rates by raising borrowing costs for lenders.
Credit Union Loan Rates - Trends & Analysis:
Affinity Plus offers a 15-year Conventional fixed rate at 6.125% and a 30-year Conventional fixed and refinance rate at 6.75%. The VA 30-year fixed rate is 7.25%. Adjustable rates include 5-year ARMs at 5.25% and 7-year ARMs at 5.5%, all unchanged from recent weeks. Affinity offers a 15-year conventional fixed rate today at 5.375%, down 13 bp from last week but up 13 bp from a month ago. Their 30-year conventional fixed rate is 6.0%, also down 13 bp from last week and up 13 bp from a month ago. FHA fixed rates are 5.625% for 3-year, 5.75% for 5-year, and 6.0% for 7-year terms, each down 13 bp from last week and up 13 bp from a month ago.
Consumers offers a 15-year Conventional Fixed at 5.5% and a 30-year Conventional Fixed at 6.75%, with the 30-year rate up 13 bp from two weeks ago. AmeriCU has a 5-year ARM at 6.125%, up 13 bp from last week, and a Jumbo 30-year Fixed at 7.0%, up 13 bp from last week and 38 bp from two weeks ago. Covantage shows a 15-year fixed rate at 6.0% today, up 12 bp from 15 days ago. The 30-year fixed rate is 6.75%, rising 25 bp over the same period. Their 15-year refinance rate is 6.5% today.
Northrop Grumman offers adjustable-rate mortgages with 3-year today at 5.5%, 5-year at 5.625%, and 7-year at 6.125%. These rates have held steady over the past week and month. Navy Federal Credit Union offers a 15-year Conventional Fixed loan today at 5.625% and a 30-year Conventional Fixed at 6.25%. The 15-year Conventional Refinance rate is also 5.625%, while the 30-year Conventional Refinance is 6.25%, up 38 bp from 30 days ago. The 30-year VA Fixed rate is 5.875%, up 13 bp from a week ago. The 3-year ARM Conventional rate is 5.375%, and the 5-year ARM Conventional is 5.625%, both unchanged from 30 days ago.
I. H. Mississippi Valley offers a 15-year conventional fixed rate at 5.875%, up 13 bp from a week ago, and a 30-year conventional fixed at 6.375%, also up 13 bp over the same period. Their 5-year adjustable rate is steady at 5.25%, and the 7-year adjustable rate remains at 5.375%. America First offers a 15-year Conventional fixed rate at 5.875% and a 30-year Conventional fixed rate at 6.5%, both unchanged from a week ago. Their 30-year Conventional fixed rate with a refinance option is slightly higher at 6.625%, up 13 bp from last week. FHA 30-year fixed loans are at 6.25%, rising 25 bp in the past week. VA 30-year fixed loans stand at 6.375%, also up 25 bp over seven days.
Connexus offers a 15-year conventional fixed rate today at 5.875%, up 25 bp from a week ago, and a 30-year conventional fixed at 6.5%, up 13 bp. Their 15-year conventional refinance rate is 6.125%, and the 30-year conventional refinance is 6.75%. FHA fixed rates include a 3-year ARM at 4.99% and a 5-year ARM at 5.375%, both steady from last week. Advia offers a 15-year conventional fixed rate at 5.875%, down 25 bp from 15 days ago. The 30-year conventional fixed rate is steady at 6.625%. Adjustable 5-year and 7-year fixed rates are both at 5.875% and 6.0%, respectively, each up 13 bp over the past 30 days.
Market Indicators - Data & Insights:
Today, Zillow shows the 30-year mortgage rate at 6.531% and the 15-year at 6.250%. Freddie Mac reports the 30-year rate at 6.710%, which is higher than Zillow’s 30-year rate today. These rates reflect the current cost of borrowing for homebuyers, influencing how much people may be willing to pay for homes.