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Today’s Mortgage Rates & Analysis - Updated on 2026-AUG-28
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 higher, it can put upward pressure on mortgage rates because lenders’ borrowing costs increase.
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. U.S. Eagle offers a 15-year conventional fixed rate at 5.576% and a 30-year conventional fixed rate at 6.55%. The VA 30-year fixed rate is 5.625%, and the jumbo 30-year fixed rate is 7.25%. These rates have stayed steady over the past week and month.
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 rate at 5.5% and a 30-year conventional fixed rate at 6.75%, both unchanged this week. Jumbo loans have a 30-year fixed rate at 6.875%. The FHA 5-year ARM is at 6.0%, down 13 bp from 30 days ago.
Sandia Laboratory offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed rate at 6.25%, both unchanged from three weeks ago. Their 5-year ARM is at 5.5%, down 25 bp from 30 days ago, and the 7-year ARM is 6.375%, also down 25 bp over the same period. Rates have held steady this week with some easing in ARMs over the past month. 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 has a 15-year Conventional fixed rate today at 5.625%, up 13 bp from last week. The 30-year Conventional fixed rate is 6.25%, also up 13 bp over seven days. Their 15-year Conventional refinance rate is 5.625%, rising 13 bp in the past week. The 30-year Conventional refinance rate is 6.25%, up 13 bp from last week. The 30-year VA fixed rate holds steady at 5.75%. The 30-year Jumbo fixed rate is 6.5%, up 13 bp in seven days. Connexus offers a 15-year conventional fixed rate today at 5.625% and a 30-year conventional fixed rate at 6.375%. Their FHA 3-year ARM is at 4.99%, the 5-year ARM is 5.375%, and the 7-year ARM is 5.625%. These rates have held steady compared to recent data.
America First offers 15-year and 30-year Conventional Fixed loans at 5.75% and 6.5%, respectively. Their 30-year FHA Fixed rate is 6.0%, down 13 bp from a week ago. The 30-year VA Fixed rate is 6.125%, also down 13 bp over the past week. Rates have been steady for Conventional loans this month. Mountain America offers a 15-year conventional fixed rate today at 5.625% and a 30-year conventional fixed at 6.375%. The 15-year conventional ARM is at 5.625%, up 13 bp from last week, while the 30-year conventional ARM is 6.49%, up 12 bp. FHA 30-year fixed is 5.875%, up 13 bp from a month ago. The 30-year VA fixed rate holds steady at 5.99%, and the 30-year jumbo fixed is 6.375%, down 13 bp from two weeks ago.
Market Indicators - Data & Insights:
Today, Zillow's 30-year mortgage rate is 6.465%, slightly higher than Freddie Mac's 30-year rate at 6.650%. Zillow's 30-year rate is also higher than it was 7 days ago. These rates reflect current borrowing costs, which influence how many people can afford to buy homes and affect overall housing demand.