Mortgage Loans in Salinas, CA

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 3.75%. This rate has stayed the same compared to 1, 7, 30, 60, and 90 days ago. When the Fed Funds rate is steady, it can help keep mortgage rates stable since banks use this rate to set loan costs.

Credit Union Loan Rates - Trends & Analysis:

Connexus offers a 15-year conventional fixed rate at 5.625% and a 30-year conventional fixed rate at 6.375%, both unchanged from last week. Their 3-year ARM is steady at 4.99%, and the 5-year ARM holds at 5.375%. The 7-year ARM is also stable today at 5.625%. Skyla offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed rate at 6.35%, with the 30-year rate up 15 bp from 30 days ago. Their 7-year ARM is at 5.75%, also up 15 bp from 30 days ago.

Altura offers a 15-year conventional fixed rate at 5.75%, unchanged from a week ago but down 13 bp from a month ago. Their 30-year conventional fixed rate is 6.5%, also steady over the past week and down 13 bp from 30 days prior. The FHA 30-year fixed rate holds at 6.99%. Adjustable rates include a 5-year ARM at 6.125%, down 25 bp from last week, and a 7-year ARM at 6.125%, down 13 bp in the same period. America First shows a 15-year conventional fixed rate today at 5.875%, up 13 bp from last week. Their 30-year conventional fixed and 30-year conventional refinance rates are both 6.5%, unchanged from a week ago but up 13 bp from two weeks ago. FHA 30-year fixed is at 6.0%, down 13 bp from last week. VA 30-year fixed stands at 6.125%, also down 13 bp from last week.

Baxter offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed rate at 6.5%, both unchanged from earlier in the month. Their 30-year jumbo fixed rate is 6.25%, steady as well. The 5-year ARM is at 5.25%, with no recent change. Chevron offers a 15-year conventional fixed rate at 5.75%, unchanged from last week but down 25 bp from a month ago. Their 30-year conventional fixed rate is steady at 6.5%, down 13 bp over the past 30 days. The 30-year jumbo fixed rate matches the conventional at 6.5%, also down 13 bp from a month ago. The 5-year adjustable rate is 5.875%, unchanged from last week and down 13 bp from 30 days ago.

Los Angeles shows a 15-year conventional fixed rate at 6.125%, 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 25 bp higher than 30 days ago. Jumbo 30-year fixed loans are at 7.0%, down 25 bp from last week but up 25 bp from a month ago. FHA 3-year ARMs are at 6.0%, up 75 bp from 30 days ago. FHA 5-year ARMs and 7-year ARMs both hold at 6.0% and 6.25%, respectively, with small increases over the past month. The 10-year ARM is 6.375%, also up 25 bp from 30 days ago.

Orange County'S shows a 15-year Conventional Fixed rate today at 5.75%, down 13 bp from a week ago. The 30-year Conventional Fixed rate holds steady at 6.5%. For Adjustable rates, the 5-year ARM is at 5.375%, down 25 bp from last week, while the 7-year and 10-year ARMs are at 6.0%, each down 25 bp from a week ago. Pacific Service offers a 15-year conventional fixed rate at 5.5% and a 30-year conventional fixed at 6.25%, both unchanged from last week but up 13 bp from a month ago. Their 30-year FHA fixed is 6.0%, also steady week to week but up 13 bp over 30 days. The 30-year jumbo fixed rate is 6.125%, with the same pattern of no weekly change and a 13 bp rise over the month. The 5-year ARM fixed stands at 5.75%, unchanged over both periods.

State Department offers a 15-year conventional fixed rate today at 5.625%, unchanged from last week but down 13 bp from a month ago. Their 30-year conventional fixed rate is 6.25%, steady from last week and down 13 bp over 30 days. The 30-year jumbo fixed rate is 6.625%, also steady from last week and down 13 bp from a month ago. The 5-year ARM is 5.75%, unchanged from last week but down 25 bp in the past 30 days. The 7-year and 10-year ARMs hold steady at 6.125% and 6.25%, respectively.