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:

Associated Credit Union offers a 15-year fixed rate at 6.125%, up 13 bp from a week ago. Their 30-year fixed rate is 6.75%, also up 13 bp from last week. The 30-year rate is unchanged from a month ago. University Of Wisconsin offers a 15-year conventional fixed rate at 6.25%, up 25 bp from a week ago, and a 30-year conventional fixed at 6.75%, up 13 bp. Their 15-year conventional refinance rate is 6.125%, unchanged from a week ago but down 13 bp from a month ago. The 30-year conventional refinance rate is steady at 6.75%, up 13 bp from 15 days ago. FHA 30-year fixed remains steady at 6.5%, and VA 30-year fixed is steady at 6.99%. The 3-year ARM is at 5.75%, and the 5-year ARM is 6.125%, both unchanged from 30 days ago.

Allegacy offers a 15-year fixed conventional loan at 6.25% today, up 13 bp from last week but down 13 bp from a month ago. Their 30-year fixed conventional rate is 6.875%, rising 25 bp over the past week. For adjustable rates, the 5-year ARM is 6.25%, also up 25 bp this week, and the 7-year ARM is 6.5%, up 25 bp. The 10-year ARM stands at 6.125%, up 13 bp from last week. Financial Partners offers a 15-year conventional fixed rate at 6.25%, up 13 bp from 15 days ago, and a 30-year conventional fixed at 6.75%, also up 13 bp from 15 days ago. Their 15-year adjustable rate is 5.75%, increased by 13 bp over 15 and 30 days.

Westmark offers a 15-year conventional fixed rate today at 5.875%, up 13 bp from last week and 25 bp from a month ago. The 30-year conventional fixed rate is 6.625%, also up 13 bp from last week and 25 bp from a month ago. For conventional 15-year and 30-year refinances, rates are 6.875% and 7.625%, each rising 13 bp from last week and 25 bp from a month ago. I. H. Mississippi Valley offers a 15-year conventional fixed rate at 5.875%, up 13 bp from a week ago, and a 30-year conventional fixed at 6.375%, also up 13 bp over the same period. Their 5-year adjustable rate is steady at 5.25%, and the 7-year adjustable rate remains at 5.375%.

The Golden 1 offers a 15-year Conventional Fixed at 5.625% today, up 13 bp from a week ago. Their 30-year Conventional Fixed is 6.375%, also up 13 bp in the last week. The 30-year FHA Fixed stands at 6.375%, rising 25 bp over seven days. Jumbo 30-year Fixed loans are at 6.25% today, increasing from 6.0% two weeks ago. Adjustable rates include 5-year, 7-year, and 10-year ARMs, all near 5.625% to 5.875%, with small weekly changes. America First offers a 15-year Conventional Fixed at 5.875%, up 13 bp from a week ago. Their 30-year Conventional Fixed and 30-year Conventional Refinance rates hold steady at 6.5%. FHA 30-year Fixed is 6.25%, rising 25 bp in the last week. The VA 30-year Fixed rate is 6.375%, up 25 bp from last week and 38 bp over the past month.

Connexus offers a 15-year conventional fixed rate today at 5.875%, up 25 bp from a week ago, and a 30-year conventional fixed at 6.5%, up 13 bp. Their 15-year conventional refinance rate is 6.125%, and the 30-year conventional refinance is 6.75%. FHA fixed rates include a 3-year ARM at 4.99% and a 5-year ARM at 5.375%, both steady from last week. Crane offers a 15-year fixed rate today at 5.875%, up 13 bp from a month ago. Their 30-year fixed is 6.5%, which is 25 bp higher than 30 days back. Rates have held steady over the past week for both terms.