Mortgage Loans in Elgin, IL

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 steady, it often means mortgage rates face less upward pressure since short-term borrowing costs for banks remain stable.

Credit Union Loan Rates - Trends & Analysis:

Affinity Plus shows a 30-year Conventional Fixed rate at 6.75% and a 15-year Conventional Fixed rate at 6.125%, both unchanged from recent weeks. VA 30-year Fixed loans are at 7.25%. Adjustable rates include 5-year ARMs at 5.25% and 7-year ARMs at 5.5%, steady as well. These rates reflect current market conditions as of September 10, 2026. Consumers offer a 15-year conventional fixed rate at 5.5% and a 30-year conventional fixed rate at 6.875%, up 13 bp from 30 days ago on the 30-year. Their 15-year fixed remains steady at 5.5%. American has a 5-year ARM at 6.125%, up 13 bp from 7 days ago. The 30-year conventional fixed rate is steady at 6.875%, and the 15-year fixed is steady at 5.5%.

Northrop Grumman offers adjustable-rate mortgages at 3-year today 5.5%, 5-year today 5.625%, and 7-year today 6.125%. These rates have held steady over the past week and month. Affinity offers a 15-year conventional fixed rate today at 5.625%, up 25 bp from a week ago. The 30-year conventional fixed rate is 6.25%, also up 25 bp over the last seven days. FHA fixed rates for 3-, 5-, and 7-year terms are 5.875%, 6.0%, and 6.25% respectively, each up 25 bp from a week ago.

Navy Federal Credit Union has a 15-year conventional fixed rate today at 5.625% and a 30-year conventional fixed rate at 6.25%. The 15-year conventional fixed rate is steady from a week ago but up 13 bp from a month ago. The 30-year conventional fixed rate also holds steady from last week but rose 13 bp over 30 days. The 15-year conventional refinance rate is 5.625%, unchanged from last week but up 25 bp from a month ago, while the 30-year conventional refinance rate is 6.25%, steady from last week but up 50 bp from 30 days ago. The 30-year VA fixed rate is 5.875%, up 13 bp from two weeks ago. The 30-year jumbo fixed rate is 6.5%, unchanged from last week but up 13 bp from a month ago. The 3-year ARM is at 5.375%, steady from last week but up 13 bp from 30 days ago, and the 5-year ARM is at 5.625%, also steady from last week but up 13 bp from a month ago.

I. H. Mississippi Valley offers a 15-year conventional fixed rate at 5.875%, up 13 bp from 30 days ago. The 30-year conventional fixed rate is 6.375%, also up 13 bp over the past month. Adjustable rates include a 5-year ARM at 5.25% and a 7-year ARM at 5.375%, both steady from 30 days ago. Empeople offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed at 6.5%, both unchanged from a week ago. Their FHA fixed rates are 5.375% for 3-year, 5.625% for 5-year, and 5.875% for 7-year terms, each up 13 bp over the past 30 days.

State Department offers a 15-year Conventional Fixed at 5.875%, up 25 bp from a week ago, and a 30-year Conventional Fixed at 6.5%, also up 25 bp over the same period. The Jumbo 30-year Fixed rate is 6.75%, up 13 bp from last week. Adjustable rates include a 5-year ARM at 5.875%, up 13 bp, a 7-year ARM at 6.125%, and a 10-year ARM at 6.5%, which rose 25 bp in the past week and 38 bp over the month.

Nasa offers a 15-year conventional fixed rate at 6.0%, unchanged from last week but up 25 bp from a month ago. The 30-year conventional fixed rate is 6.5%, steady over the past week and 13 bp higher than 30 days ago. FHA 30-year fixed loans are at 6.375%, the same as last week but up 25 bp from a month ago. VA 30-year fixed loans stand at 6.125%, up 13 bp from a month ago. Jumbo 30-year fixed loans are at 6.625%, unchanged this week but 25 bp higher than 30 days ago. Baxter offers a 15-year Conventional Fixed at 6.0%, up 13 bp from last week and 25 bp from 30 days ago. Their 30-year Conventional Fixed is steady at 6.625%, unchanged from last week but up 13 bp from 30 days ago. The 15-year Adjustable Fixed is 5.375%, up 13 bp from 30 days ago. The Jumbo 30-year Fixed remains steady at 6.25%.