Mortgage Loans in Richardson, TX

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 4.00%, which is higher than 7 days ago at 3.75%. When the Fed Funds rate rises, it can put upward pressure on mortgage rates because lenders face higher borrowing costs.

Credit Union Loan Rates - Trends & Analysis:

Randolph Brooks offers a 15-year Conventional Fixed at 6.0% and a 30-year Conventional Fixed at 7.0%, both up 25 bp from last week and last month. Their 30-year FHA Fixed is 6.625%, also up 25 bp over the same periods. The 15-year Adjustable Conventional is 5.75%, up 25 bp from seven and thirty days ago. Affinity shows a 15-year conventional fixed rate today at 5.875%, up 25 bp from last week and 38 bp from 30 days ago. Their 30-year conventional fixed is 6.5%, also up 25 bp from last week and 38 bp from 30 days ago. FHA fixed rates for 3-year, 5-year, and 7-year terms are 6.125%, 6.25%, and 6.5%, each rising 25 bp over the past week and 38 bp over the past month.

Navy Federal Credit Union offers a 15-year Conventional fixed rate at 6.0% and a 30-year Conventional fixed rate at 6.625%, both unchanged from last week. Their 15-year Conventional refinance rate is 6.0%, up 38 bp from a week ago, while the 30-year Conventional refinance rate is 6.625%, also up 38 bp. The 30-year VA fixed rate is 6.25%, unchanged from a week ago but up 50 bp from a month ago. The 30-year Jumbo fixed rate is 6.875%, steady over the past week. The 3-year ARM Conventional rate is 5.625%, up 25 bp from last week, and the 5-year ARM Conventional rate is 5.875%, also up 25 bp. Community Resource offers a 15-year fixed rate today at 6.0%, up 12 bp from last week and 25 bp higher than 30 days ago. The 30-year fixed rate is 6.75%, also up 12 bp from last week and 12 bp higher than 30 days ago.

Chartway offers a 30-year conventional fixed mortgage at 6.05% today. This rate is down 70 bp from a week ago and 20 bp lower than a month ago. Advancial offers a 15-year conventional fixed rate today at 6.125%, unchanged from a week ago but up 50 bp from a month ago. Their 30-year conventional fixed rate is 6.75%, also steady over the past week and up 50 bp from 30 days prior. The 30-year jumbo fixed rate is 6.625%, down 13 bp from last week and up 38 bp from a month ago.

Alliant offers a 15-year fixed conventional loan at 6.125% and a 30-year fixed conventional loan at 7.0% today. They also have adjustable-rate options for 5, 7, and 10 years fixed at 6.0%, 6.125%, and 6.375%, respectively. Rates have stayed steady over the past weeks. Rally offers a 15-year Conventional Fixed mortgage at 6.125% today, unchanged from a week ago but up 38 bp from 30 days ago. The 15-year Conventional Refinance Fixed rate matches this at 6.125%. The 30-year options are not quoted today.

Meriwest offers both 15-year and 30-year conventional fixed loans today at 6.25%. The 30-year fixed rate dropped by 13 bp since last week, now at 6.25%. The 15-year fixed rate has stayed steady at 6.25%. America First offers a 15-year conventional fixed rate at 6.25% today, up 13 bp from a week ago and 63 bp from a month ago. Their 30-year conventional fixed and 30-year conventional refinance rates are both 6.875% today, with a 30 bp increase over the past 30 days. FHA 30-year fixed loans are priced at 6.5%, and VA 30-year fixed loans are at 6.625%, each up 38 bp from a month ago.