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:

Launch Credit Union offers a 15-year conventional fixed rate at 6.0% and a 30-year conventional fixed rate at 6.5%. Their 15-year conventional refinance rate is 5.75%, while the 30-year conventional refinance rate is 6.25%. These rates have stayed steady over the past month. Meritrust offers a 15-year fixed rate at 5.75%, unchanged from last week but up 25 bp from a month ago. Their 30-year fixed rate is 6.5%, also steady over the past week and up 25 bp compared to 30 days earlier.

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. Premier Members offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed at 6.0%, both unchanged from a week ago but down 13 bp from a month ago. Their 5-year adjustable rate is steady at 6.125%, while the 7-year adjustable rate dropped to 5.875%, down 38 bp from a month ago.

Sidney offers a 15-year fixed rate at 5.75% and a 30-year fixed rate at 6.125%, which is up 13 bp from 30 days ago. Adjustable rates include 5-year at 6.125%, 7-year at 5.875%, and 10-year at 6.0%, all unchanged from a week ago. Wings Financial offers a 15-year conventional fixed rate today at 5.875%, up 25 bp from last week. Their 30-year conventional fixed rate is steady at 6.5%. The 15-year conventional refinance rate matches the purchase rate at 5.875%, also up 25 bp from last week. The 30-year conventional refinance rate holds at 6.5%. Adjustable 5-year ARM sits at 5.375%, unchanged.

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 is 6.624%, up 12 bp from last week. The 30-year FHA fixed rate is steady at 6.99%. For jumbo 30-year fixed loans, the rate is 6.5%, down 13 bp from a month ago. Adjustable-rate 5- and 7-year loans are at 6.25%, up 13 bp from last week on both terms, with the 7-year down 75 bp from a month ago. Capital offers a 15-year conventional fixed at 5.75%, down 25 bp from last week, and a 30-year conventional fixed at 6.625%, up 13 bp. Their adjustable 3-year ARM is at 5.25%, up 26 bp. For adjustable terms, the 5-, 7-, and 10-year ARMs range from 5.375% to 6.0%, with the 10-year ARM up 25 bp.

Community Credit Union Of Florida offers a 15-year conventional fixed rate at 6.0%, unchanged from a week ago but up 25 bp from a month ago. Their 30-year conventional fixed rate is 6.625%, up 13 bp from both a week and a month ago. FHA, VA, and Jumbo 30-year fixed rates are all at 6.125%, also up 13 bp from a week and a month ago. San-Francisco-Federal-Credit-Union shows a 15-year Conventional Fixed rate today at 5.75%, up 25 bp from last week. Their 30-year Conventional Fixed rate is 6.615%, up 12 bp over seven days. The 30-year Jumbo Fixed rate is 6.365%, down 26 bp from last week. Adjustable rates include a 5-year ARM at 5.5%, down 25 bp, a 7-year ARM at 5.625%, down 25 bp, and a 10-year ARM at 6.0%, down 75 bp.