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:

Navy Federal Credit Union offers a 15-year Conventional Fixed loan today at 5.625% and a 30-year Conventional Fixed at 6.25%. The 15-year Conventional Refinance rate is also 5.625%, while the 30-year Conventional Refinance is 6.25%, up 38 bp from 30 days ago. The 30-year VA Fixed rate is 5.875%, up 13 bp from a week ago. The 3-year ARM Conventional rate is 5.375%, and the 5-year ARM Conventional is 5.625%, both unchanged from 30 days ago. Nuvision offers a 15-year conventional fixed rate today at 5.625%, up 25 bp from a week ago. Their 30-year conventional fixed rate is 6.375%, also up 13 bp over the same period. FHA 30-year fixed loans are priced at 6.0%, up 13 bp, while VA 30-year fixed loans stand at 6.125%, up 25 bp from last week. The 30-year jumbo fixed rate is 6.25%, up 13 bp. The 5-year adjustable rate is 5.375%, up 13 bp.

Triangle offers a 30-year conventional fixed mortgage at 6.5%. They also have 3-year and 5-year ARMs at 5.75% and 5.25%, respectively. These rates have held steady over the past week and month. Allsouth offers a 15-year fixed conventional loan today at 5.625% and a 30-year fixed conventional loan at 6.625%. The 15-year fixed adjustable program is at 5.5%, and the 10-year adjustable is at 5.75%. Rates have held steady over the past month. Broadview shows a 15-year Conventional Fixed rate today at 6.0%, up 13 bp from last week. The 30-year Conventional Fixed is 6.625%, also up 13 bp over seven days. FHA 30-year Fixed is 6.25%, unchanged from a week ago. The 5-year ARM is at 5.625%, up 13 bp from last week. The 7-year ARM is 6.0%, steady over seven days.

Eastrise offers a 15-year fixed rate at 6.38%, up 13 bp from last week. Their 30-year fixed rate is 6.50%, also up 12 bp over the same period. Rates have inched higher since early August, reflecting a slight upward trend this month. San Francisco Fire offers a 15-year Conventional Fixed at 5.875%, up 13 bp from a week ago, and a 30-year Conventional Fixed at 6.5%, also up 13 bp. Their 30-year Jumbo Fixed rate is 6.375%, up 13 bp. The 5-year ARM is steady today at 5.625%, with 7- and 30-day rates unchanged.

Visions offers a 15-year fixed rate at 5.75%, up 25 bp from a month ago. Their 30-year fixed rate is steady at 6.875%. The 15-year fixed rate has held steady over the past week. Mountain America 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 holds steady at 6.375%. The 15-year conventional refinance rate is 5.625%, up 13 bp from last week but down 13 bp over 30 days. The 30-year conventional refinance rate is 6.49%, up 12 bp from last week. FHA 30-year fixed remains at 5.875%, and VA 30-year fixed is 5.99%, down 1 bp over the past month. Jumbo 30-year fixed is 6.375%, down 25 bp from a month ago.

State Employees Cu Of Maryland, Inc shows a 15-year conventional fixed rate today at 6.0%, up 13 bp from last week. The 30-year conventional fixed rate is 6.5%, also up 13 bp over seven days. FHA 30-year fixed is 6.25%, rising 25 bp in the past week. Adjustable rates hold steady with 5.25% for 5-year and 5.5% for 7-year terms, and 5.625% for 10-year, all unchanged.