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 when it was 4.50%. When the Fed Funds rate is higher, mortgage rates often face upward pressure because lenders’ borrowing costs increase.

Credit Union Loan Rates - Trends & Analysis:

Eecu offers a 15-year conventional fixed rate at 6.34% today, up 2.34 percentage points from a week ago. The 15-year and 30-year conventional refinance rates are both at 4.0% and 4.5%, respectively, with no recent change. Knoxville Tva Employees offers a 15-year fixed rate at 5.25% and a 30-year fixed rate at 5.5%, both unchanged from recent weeks. These steady rates provide clear options for borrowers considering fixed-term loans. Affinity Plus offers a 15-year Conventional fixed rate at 6.125% and a 30-year Conventional fixed and refinance rate at 6.75%. The VA 30-year fixed rate is 7.25%. Adjustable rates include 5-year ARMs at 5.25% and 7-year ARMs at 5.5%, all unchanged from recent weeks.

Connecticut State Employees offers a 15-year conventional fixed rate at 6.125%, up 25 bp from a week ago. Their 30-year conventional fixed rate is 6.625%, up 13 bp over the same period. The 15-year conventional refinance rate holds steady at 5.4%, while the 30-year conventional refinance rate matches the 30-year fixed at 6.625%, also up 13 bp this week. First Community offers 15-year and 30-year Conventional Fixed loans at 5.5% and 6.375%, respectively. Their 30-year FHA Fixed and VA Fixed loans are both at 5.99%. Jumbo 30-year Fixed loans stand at 6.5%. Rates have held steady over the past month.

Municipal Empl.Credit Union Of Balt offers 15-year and 30-year Conventional Fixed loans today at 5.625% and 6.375%, respectively. FHA 30-year Fixed is priced at 4.875%, with 5-year, 7-year, and 10-year Adjustable Rate Mortgages at 5.0%, 5.5%, and 5.75%. These rates reflect the current market as of August 31, 2026. Tropical Financial has a 15-year Conventional Fixed rate today at 5.75%, unchanged from a week ago but up 13 bp from a month ago. Their 30-year Conventional Fixed rate is 6.625%, steady over the past week but up 25 bp from 30 days back. The 30-year Conventional Fixed refinance rate is 6.75%, up 13 bp from a week and a month ago. Jumbo 30-year Fixed is 6.25%, up 13 bp from last week and 38 bp from a month ago. The 5-year Adjustable rate is 5.125%, steady this week but up 13 bp from 30 days ago.

Connexus shows a 15-year conventional fixed rate today at 5.75%, up 13 bp from 30 days ago. The 30-year conventional fixed rate is 6.5%, also up 13 bp over the same period. Their 15-year conventional refinance rate is 6.125%, down 13 bp from a week ago. The 30-year conventional refinance rate holds steady at 6.75%. FHA fixed rates for 3-, 5-, and 7-year terms remain steady at 4.99%, 5.375%, and 5.625%, respectively. Educators offers a 30-year conventional fixed rate at 6.625% today, up 38 bp from 30 days ago. The 15-year conventional fixed rate is not quoted currently. The 30-year fixed rate has held steady over the past week.

Launch Credit Union offers a 15-year conventional fixed rate at 6.0% and a 30-year conventional fixed rate at 6.5%, both unchanged from last week but up 25 bp from the start of August. Their 15-year conventional refinance rate is 5.75%, and the 30-year conventional refinance rate is 6.25%, also steady over the past week and up 25 bp from early August.