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:

Charter Oak offers a 15-year conventional fixed rate at 5.5% today and a 30-year conventional fixed rate at 6.75%, up 13 bp from a week ago. The ARM programs are not quoted today. Consumers offers a 15-year Conventional Fixed at 5.5% and a 30-year Conventional Fixed at 6.75%, with the 30-year rate up 13 bp from two weeks ago. AmeriCU has a 5-year ARM at 6.125%, up 13 bp from last week, and a Jumbo 30-year Fixed at 7.0%, up 13 bp from last week and 38 bp from two weeks ago.

Hawaiian Financial offers a 15-year fixed rate at 5.5%, up 25 bp from a week ago, and a 30-year fixed rate at 6.25%, up 13 bp over the same period. Both rates have increased slightly since late August. Hudson Valley shows a 15-year conventional fixed rate today at 6.125%, up 13 bp from a week ago. The 30-year conventional fixed rate is steady at 6.75%. Adjustable rates include a 5-year ARM at 5.5%, up 13 bp from last week, and a 7-year ARM at 5.625%, also up 13 bp. The 10-year ARM is at 6.0%, up 13 bp from seven days prior.

Y-12 offers a 15-year conventional fixed rate today at 6.125%, up 13 bp from a week ago. The 30-year conventional fixed rate is 6.75%, also up 13 bp over the last week. Their 5-year adjustable rate is steady at 5.5%, down 113 bp from a month ago. Covantage shows a 15-year fixed rate at 6.0% today, up 12 bp from 15 days ago. The 30-year fixed rate is 6.75%, rising 25 bp over the same period. Their 15-year refinance rate is 6.5% today. 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.

Publix Employees offers a 15-year conventional fixed rate at 5.58% today, down 2 bp from last week but up 8 bp from a month ago. Their 30-year conventional fixed rate is 6.22%, up 4 bp from last week and 11 bp higher than 30 days ago. The jumbo 30-year fixed rate stands at 5.97%, also up 4 bp from last week and 11 bp over the past month. Del One shows a 30-year conventional fixed rate today at 5.625%. 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.