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:

Listerhill offers a 3-year ARM at 5.74% today, up 50 bp from 30 days ago. Their 5-year ARM is priced at 6.00%, also up 50 bp over the past month. Cfcu Community offers a 30-year Conventional Fixed mortgage at 5.75% today. The rate has stayed steady over the past week and month. Gardensavings-Federal-Credit-Union offers a 15-year conventional fixed rate today at 5.875%, down 38 bp from last week. The 30-year conventional fixed rate is 6.25%, also down 50 bp from last week. These rates have improved since early June, making it a good time to consider these loan options.

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. Fibre offers a 15-year conventional fixed rate today at 5.75%, down 13 bp from last week. Their 30-year conventional fixed rate is 6.375%, also 13 bp lower than seven days ago. The 30-year FHA fixed rate holds steady at 6.125% from last week but is down 13 bp over the past 30 days.

Langley offers a 15-year Conventional Fixed rate at 5.75% and a 30-year Conventional Fixed rate at 6.375%, up 50 bp from a week ago. Their 15-year Conventional Refinance is also 5.75%, while the 30-year Conventional Refinance is 5.903%, up 28 bp from last week. FHA 30-year Fixed is 6.625%, up 25 bp, and VA 30-year Fixed is 6.5%, also up 25 bp. Municipal offers a 15-year conventional fixed rate at 5.875% and a 30-year conventional fixed rate at 6.375%. Jumbo 30-year fixed loans are at 6.5%. Adjustable-rate 5-year loans are priced at 5.75%, 7-year at 6.0%, and 10-year at 6.25%.

Advancial offers a 15-year fixed conventional loan today at 5.75%, up 13 bp from a week ago. Their 30-year fixed conventional loan is 6.375%, also up 13 bp in the same period. The 30-year fixed jumbo loan matches the conventional 30-year rate at 6.375%, rising 13 bp from last week and 25 bp over the past 30 days. Goldenwest offers a 15-year conventional fixed rate today at 5.75%, up 13 bp from a week ago. Their 30-year conventional fixed is 6.49%, also up 12 bp over the same period. The 30-year FHA fixed rate is 5.99%, rising 12 bp from last week, while the 30-year VA fixed rate is 6.125%, up 13 bp from seven days ago but 13 bp higher than 30 days ago.

Grow Financial has a 15-year conventional fixed rate today at 6.25%, up 13 bp from last week. Their 30-year conventional fixed rate is 6.5%, also up 13 bp over the same period. For FHA loans, the 3-year ARM is at 5.75%, and the 5-year ARM is 5.875%, each up 13 bp from last week. The 10-year ARM stands at 6.5%, up 13 bp as well.