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Today’s Mortgage Rates & Analysis - Updated on 2026-SEP-21
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:
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% today. The VA 30-year Fixed rate is 6.25%, up 50 bp over the past 30 days. FHA loans include a 3-year ARM at 5.625% and a 5-year ARM at 5.875%, both up 25 bp from a week ago. Jumbo 30-year Fixed loans are at 6.875%, up 38 bp in the last week. 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 58 bp from a week ago and 20 bp lower than 30 days ago. The 30-year Conventional Fixed rate has steadily decreased over the past month, now sitting at its lowest point in recent weeks. Advancial offers a 15-year fixed rate today at 6.125%, up 38 bp from two weeks ago and 50 bp from a month ago. Their 30-year fixed rate is 6.75%, also up 38 bp from two weeks and 50 bp from a month ago. The Jumbo 30-year fixed rate stands at 6.625%, rising 25 bp from two weeks and 38 bp from a month ago.
Connexus offers a 15-year conventional fixed rate at 6.125%, unchanged from last week, and a 30-year conventional fixed at 6.875%, up 13 bp in the past week. Adjustable rates include a 3-year ARM at 4.99%, a 5-year ARM at 5.375%, and a 7-year ARM at 5.625%, all steady since last week. 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. American Airlines offers a 15-year conventional fixed rate at 6.21% and a 30-year conventional fixed rate at 6.583% today. Their 5-year adjustable rate stands at 6.533%. Rates have held steady over the past week and month.
Market Indicators - Data & Insights:
Today, Zillow's 30-year mortgage rate is 7.125%, and Freddie Mac's 30-year rate is 6.950%, with Zillow higher than Freddie Mac. Zillow's 30-year rate is also higher than 7 days ago. These rates reflect current borrowing costs, which influence how many people can afford to buy homes and affect overall housing demand.