Mortgage Loans

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 3.75%, unchanged from 1, 7, 30, 60, 90, and 180 days ago. It is lower than one year ago and two years ago. When the Fed Funds rate is higher, it can increase mortgage rates as borrowing costs rise for lenders.

Credit Union Loan Rates - Trends & Analysis:

First Entertainment offers a 15-year conventional fixed rate at 6.25%, up 13 bp from last week, and a 30-year conventional fixed at 6.625%. Their 15-year conventional refinance is 6.25%, up 25 bp from seven days ago, while the 30-year conventional refinance is 6.625%, up 13 bp. The 30-year jumbo fixed rate is 6.625%, unchanged from last week. Adjustable rates include a 3-year ARM at 6.0%, up 13 bp, and a 10-year ARM at 6.5%, up 13 bp. Mid-Hudson Valley shows a 15-year conventional fixed rate today at 5.875%, up 13 bp from last week. The 30-year conventional fixed rate remains steady at 6.625%. For 15-year conventional refinance, the rate is 5.875%, up 13 bp from last week and 25 bp from a month ago. The 30-year conventional refinance rate is 6.625%, up 13 bp from last week and 13 bp from a month ago.

Orange County'S shows a 15-year conventional fixed rate at 5.875%, up 13 bp from a week ago. The 30-year conventional fixed rate is 6.625%, also up 13 bp from last week and month. Their 5-year ARM is 5.5%, rising 13 bp this week but down 13 bp over the month. The 7-year ARM holds steady at 6.0%, while the 10-year ARM is 6.125%, up 13 bp this week and down 13 bp over the month. Potlatch No. 1 Financial offers a 15-year conventional fixed rate at 5.875%, up 13 bp from a week ago. Their 30-year conventional fixed is 6.625%, also up 13 bp in the last 7 days. FHA and VA 30-year fixed rates are both at 5.99%, rising 12 bp over the past week. Jumbo 30-year fixed loans stand at 6.625%, increasing by 13 bp since last week.

Rivermark Community offers a 15-year conventional fixed rate at 5.875% and a 30-year conventional fixed at 6.625%, both unchanged from last week but up 13 bp since early August. Their 5-year adjustable rate is steady at 5.75%, and the 7-year adjustable is 5.875%, with the 10-year adjustable at 6.25%. State Department shows a 15-year conventional fixed rate today at 5.875%, up 25 bp from last week. The 30-year conventional fixed rate is 6.375%, up 13 bp from last week. Their 30-year jumbo fixed rate is 6.625%, down 13 bp from a month ago. Adjustable rates include a 5-year ARM at 5.875% and a 7-year ARM at 6.125%, both up 13 bp from last week. The 10-year ARM is 6.375%, up 25 bp from last week and 13 bp from a month ago.

Zeal offers a 15-year conventional fixed rate at 5.875%, unchanged from a week ago but down 13 bp from a month ago. Their 30-year conventional fixed rate is 6.625%, up 13 bp from seven days ago. For adjustable rates, the 5-year ARM is 5.875%, up 13 bp over the past week, and the 7-year ARM is 6.0%, also up 13 bp in the last seven days. Citadel offers a 15-year Conventional fixed rate today at 5.875%, up 13 bp from last week. The 30-year Conventional fixed rate is 6.75%, also up 13 bp over the same period. Their 15-year Conventional refinance rate rose to 6.25%, a 50 bp increase from last week. The 30-year Conventional refinance rate holds steady at 6.75%. Adjustable rates include a 7-year ARM at 6.375% and a 10-year ARM at 6.5%, both up 13 bp from last week.

Credit Union Of Southern California offers a 15-year conventional fixed rate at 6.125%, up 13 bp from a week ago. The 30-year conventional fixed rate holds steady at 6.75%. Jumbo 30-year fixed loans are also at 6.75%. Adjustable 5-year ARMs are priced at 5.875%, and 7-year ARMs are at 6.125%. First Commonwealth offers a 15-year conventional fixed rate today at 5.625% and a 30-year conventional fixed rate at 6.25%. The 30-year FHA fixed rate is 6.125%. Rates have held steady over the past week and month.