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:

Neches offers a 15-year fixed rate at 5.5% and a 30-year fixed rate at 6.25%, both unchanged from recent weeks. The same rates apply for conventional and refinance loans. If you want a steady payment, these rates are stable options today. Rockland offers a 15-year Conventional fixed rate at 6.125% and a 30-year Conventional fixed rate at 6.5%, both unchanged from a week ago. Their Jumbo 30-year fixed rate is 6.375%, steady as well. Adjustable 5-year and 7-year ARMs are at 5.5% and 5.625%, each down 13 bp from a month ago. The 10-year ARM holds steady at 6.375%.

Randolph Brooks shows a 15-year Conventional Fixed rate today at 5.75%, up 13 bp from 30 days ago. The 30-year Conventional Fixed and 30-year Conventional Refinance rates are both 6.75%, rising 25 bp over the past month. FHA and VA 30-year Fixed loans are at 6.375%, also up 25 bp since late June. The 5-year ARM rate is 5.5%, increasing 13 bp in 30 days. Space Coast shows a 15-year Conventional Fixed rate today at 5.625%, up 13 bp from a week ago. The 30-year Conventional Fixed is 6.375%, also up 13 bp over the same period. Their 15-year Conventional ARM is 5.75%, and the 30-year Conventional ARM is 6.5%, both up 13 bp from last week. FHA, VA, and Jumbo 30-year Fixed rates hold steady at 6.5%, 6.5%, and 6.375%, respectively.

Charter Oak offers a 15-year fixed rate at 5.5% today and a 30-year fixed rate at 6.875%, which is up 25 bp from a week ago and 13 bp higher than 30 days ago. The 15-year fixed rate remains steady at 5.5%. 1St Advantage offers a 15-year Conventional Fixed rate at 5.75% and a 30-year Conventional Fixed rate at 6.125%, which is up 13 bp from a week ago. Their 15-year Conventional Refi is also 5.75%, and the 30-year Conventional Refi is steady at 5.99%. The 5-year Adjustable rate is 5.875%, up 13 bp from 30 days ago.

Hawaii State offers a 15-year conventional fixed rate today at 5.625%, up 13 bp from last week. The 30-year conventional fixed rate is 6.375%, up 13 bp from last week and 13 bp from a month ago. The 15-year conventional refinance rate is 5.625%, up 13 bp from last week. The 30-year conventional refinance rate is 6.375%, up 25 bp from last week and 25 bp from a month ago. The 5-year adjustable rate is today 5.625%.

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.

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.