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:

Credit Union West offers a 15-year Conventional Fixed rate at 5.875% and a 30-year Conventional Fixed rate at 6.625%, both up 13 bp from last week. Their 30-year Conventional Refi rate is lower today at 6.25%, down 25 bp from seven days ago. The 30-year FHA Fixed rate is higher at 6.625%, up 63 bp. The 30-year VA Fixed rate holds steady at 5.99%, unchanged from a week ago. The 30-year Jumbo Fixed rate is 6.625%, up 13 bp. The 5-year Adjustable rate is steady at 6.25%, and the 7-year Adjustable rate remains at 6.375%. Guardian offers a 15-year conventional fixed rate at 6.375% and a 30-year conventional fixed rate at 6.75%, both unchanged from a week ago. Their 3-year ARM is at 6.125%, up 13 bp from last week.

Blaze offers a 15-year Conventional Fixed rate at 6.25%, up 25 bp from a week ago. Their 30-year Conventional Fixed and 30-year Conventional Refinance rates hold steady at 6.75%. The 30-year FHA Fixed and VA Fixed rates are both 6.5%, rising 13 bp over the past week. The 30-year Jumbo Fixed rate remains at 6.875%. The 5-year Adjustable rate is 5.875%, and the 7- and 10-year Adjustable rates are 6.125% and 6.375%, respectively. Elements Financial offers a 15-year conventional fixed rate at 6.25%, up 13 bp from a week ago. Their 30-year conventional fixed rate is 6.625%, also up 13 bp in the last week. The 15-year and 30-year conventional refinance rates are 6.25% and 6.75%, respectively, with the 30-year refinance rate up 13 bp over seven days.

Royal 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 in the same period. Their 15-year conventional refinance rate is 6.375%, also up 25 bp, while the 30-year conventional refinance is 6.875%, up 13 bp. The 5-year ARM stands at 5.875%, up 13 bp from last week, and the 10-year ARM is 6.5%, also up 13 bp. American Heritage offers a 15-year Conventional Fixed at 5.642% today, up 12 bp from a week ago, and a 30-year Conventional Fixed at 6.558%, up 13 bp. Their 30-year FHA Fixed and VA Fixed rates are both 6.375%, also up 13 bp. The 30-year Jumbo Fixed is 7.241%, rising 12 bp. Adjustable 5-year and 7-year ARMs are at 5.625% and 5.875%, respectively, with the 5-year ARM up 13 bp from last week.

Digital offers a 15-year conventional fixed rate at 6.125%, down 13 bp from a week ago, and a 30-year conventional fixed at 6.875%, also down 13 bp. Their 15-year conventional refinance rate is steady at 6.25%, while the 30-year conventional refinance rate is 7.125%, up 63 bp from a month ago. Pentagon shows a 30-year Conventional Fixed rate at 6.25% today, unchanged from a week ago but up 13 bp from a month earlier. The 30-year Conventional Refinance Fixed is at 6.375%, also up 13 bp from 30 days ago. FHA 30-year Fixed stands at 5.75%, up 13 bp from a month ago. VA and Jumbo 30-year Fixed rates remain steady at 5.75% and 6.25%, respectively.

Intouch offers a 5-year ARM at 6.5%, up 25 bp from 30 days ago. This is the only rate available today. Coastal1 offers a 30-year Jumbo loan at 6.625% today. Their 5-year ARM is 5.875%, up 13 bp from 30 days ago. The 10-year ARM is 6.25%, also up 13 bp over the past month.