Mortgage Loans in El Paso, TX

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 3.75%, the same as 7, 30, 60, and 90 days ago. The rate is lower than it was one year ago at 4.50%. When the Fed Funds rate is higher, mortgage rates often face upward pressure because lenders’ costs increase.

Credit Union Loan Rates - Trends & Analysis:

Eecu offers a 15-year fixed rate at 4.0% and a 30-year fixed rate at 4.5%, both unchanged from last week. The 15-year fixed rate is down 2.22 percentage points from a month ago, reflecting a significant drop from 6.215%. These rates provide stable options for borrowers looking for fixed terms. Affinity Plus offers a 30-year Conventional fixed rate at 6.875% today, up 13 bp from last week. The 15-year Conventional fixed rate is 6.375%, up 25 bp. Jumbo 30-year fixed loans are also 6.875%, up 13 bp. VA 30-year fixed loans stand at 7.625%, up 38 bp. Adjustable-rate 5- and 7-year loans remain steady at 5.25% and 5.5%, respectively.

United offers a 30-year Jumbo fixed mortgage at 6.0% and a 3-year ARM at 5.5%, both unchanged from last week and last month.

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.

First Community offers a 15-year Conventional Fixed rate at 5.5% and a 30-year Conventional Fixed rate at 6.375%. The FHA and VA 30-year Fixed rates are both 5.99%. Jumbo 30-year Fixed loans are at 6.5%. Rates have stayed steady over the past month. Educators offers a 30-year conventional fixed mortgage at 6.875% today. This rate is up 25 bp from both one week and one month ago. Randolph Brooks shows a 15-year Conventional Fixed rate today at 5.75%, up 13 bp from 30 days ago. The 30-year Conventional Fixed and 30-year Conventional Refinance rates are both 6.75%, rising 25 bp over the past month. FHA and VA 30-year Fixed loans are at 6.375%, also up 25 bp since late June. The 5-year ARM rate is 5.5%, increasing 13 bp in 30 days.

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. America First shows a 15-year conventional fixed rate at 6.125%, up 25 bp from a week ago. Their 30-year conventional fixed is 6.75%, also up 25 bp in the last 7 days. FHA 30-year fixed is 6.375%, rising 13 bp this week. VA 30-year fixed stands at 6.5%, up 13 bp from last week. The 30-year conventional refinance rate is 6.875%, up 25 bp compared to seven days ago.

Texas Dow Employees offers a 15-year Conventional Fixed at 6.38%, up 13 bp from last week, and a 30-year Conventional Fixed at 6.88%, also up 13 bp. FHA and VA 30-year Fixed rates are both 6.5%, increasing by 12 bp over seven days. Adjustable 7-year and 10-year rates are 6.88% and 7.0%, with the 7-year up 13 bp in two weeks.