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:

Dupaco Community has a 15-year fixed rate at 6.125% today, up 13 bp from last week. The 30-year fixed rate is 6.5%, also up 13 bp over seven days. Both rates have risen 13 bp compared to about a month ago. Onpoint Community offers a 15-year Conventional Fixed rate at 6.0% today, up 13 bp from last week. Their 30-year Conventional Fixed and 30-year Conventional Refinance rates are both 6.625%, also up 13 bp from last week. The 30-year FHA and VA Fixed rates are at 6.5%, unchanged from a month ago. Jumbo 30-year Fixed is 6.625%, up 13 bp from last week, and the 5-year ARM is 6.625%, up 13 bp from last week.

One Nevada offers a 15-year conventional fixed rate at 6.125%, up from 6.0% a week ago, and a 30-year conventional fixed rate at 5.625%, down from 5.75% last week. The 15-year conventional refinance rate is 6.0%, slightly lower than last week’s 6.125%. FHA 30-year fixed loans are at 6.0%, up from 5.875% seven days ago. VA 30-year fixed loans stand at 6.125%, also up from 6.0% a week ago.

Patelco 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 is also 6.25%, up 25 bp, with the 30-year refinance at 6.75%, up 13 bp. For adjustable rates, the 5-year ARM is today 5.625%, up 13 bp from last week but down 25 bp over the past 30 days. The 7-year ARM is steady at 5.625%, up 13 bp. The 10-year ARM stands at 6.0%, up 13 bp. The jumbo 30-year fixed rate remains at 6.875%.

Potlatch No. 1 Financial has a 15-year conventional fixed rate today at 5.875%, up 13 bp from a week ago. The 30-year conventional fixed rate is 6.625%, also up 13 bp over the past week. Their 15-year conventional refinance rate is 6.0%, and the 30-year conventional refinance rate is 6.75%, both increased by 13 bp in the last seven days. The 30-year FHA fixed rate is 5.99%, rising 12 bp from last week but up 24 bp over the past month. The 30-year VA fixed rate matches FHA at 5.99%, with the same weekly and monthly increases. The 30-year jumbo fixed rate is 6.625%, up 13 bp this week.

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.

Ent offers a 15-year Conventional Fixed at 6.25% and a 30-year Conventional Fixed at 6.625% today. The 15-year rate rose 25 bp from a week ago, while the 30-year increased by 25 bp over the same period. Jumbo 30-year Fixed loans are at 6.875%, up 38 bp in the last week and 25 bp over 30 days. FHA and VA 30-year Fixed loans are both at 6.25%, each up 25 bp from a week ago. Citadel offers a 15-year conventional fixed rate at 6.0%, up 13 bp from last week, and a 30-year conventional fixed rate at 6.75%, also up 13 bp. The 15-year conventional refinance rate is 6.25%, rising 38 bp, while the 30-year conventional refinance rate matches the 30-year fixed at 6.75%, up 13 bp. Adjustable rates include a 7-year ARM at 6.375%, up 13 bp, and a 10-year ARM at 6.5%, up 13 bp.

Whatcom Educational shows a 15-year Conventional Fixed rate today at 6.0%, up 13 bp from a week ago. The 30-year Conventional Fixed rate holds steady at 6.625%. The 30-year Conventional Fixed refinance rate is 6.75%, up 13 bp from both a week and a month ago. The 30-year VA Fixed rate is 6.375%, up 13 bp from a week ago. The 7-year Adjustable Fixed rate is 6.0%, also up 13 bp from last week. Desert Financial offers a 15-year conventional fixed rate at 6.125%, up 25 bp from last week, and a 30-year conventional fixed at 6.625%, also up 13 bp. Their 30-year FHA fixed is 6.125%, up 13 bp. The 15-year and 30-year conventional refinance rates match the purchase rates. Adjustable 5-year ARMs stand at 6.125%, rising 38 bp this week.