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:

Coast Central offers a 30-year conventional fixed mortgage at 4.5% today, unchanged from last week and last month. First Financial Of Maryland offers a 15-year fixed rate at 5.0%, unchanged from a week ago but up 25 bp from a month ago. Their 30-year fixed rate is 6.125%, also steady over the past week and up 25 bp from a month earlier. 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%.

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. Silver State Schools offers a 15-year conventional fixed rate at 5.25% and a 30-year conventional fixed rate at 5.75%, both unchanged from recent weeks. Their jumbo 30-year fixed rate is steady at 6.5%. These rates provide clear options for fixed-rate loans with no recent movement in pricing.

Family Trust offers a 15-year fixed rate at 5.0% and a 30-year fixed rate at 5.875% today. Both rates are unchanged from a week ago but have risen 38 bp since the end of July. The 15-year fixed rate was lower last month at 4.625%, while the 30-year fixed was 5.5%. Alabama shows a 15-year Conventional Fixed rate today at 5.625%. FHA loans are available with rates from 5.0% for 3-year to 6.5% for 10-year terms. Rates have held steady over the past weeks. Certified offers a 15-year Conventional Fixed rate at 5.125% and a 30-year Conventional Fixed rate at 5.875%, both unchanged from recent weeks. The Jumbo 30-year Fixed rate matches the 30-year Conventional Fixed at 5.875%. Rates have held steady over the past month.

Houston shows a 15-year fixed rate today at 5.5%, up 38 bp from a week ago. The 30-year fixed rate is 6.125%, also up 25 bp over the last seven days. Both rates increased slightly since late August. Security Service offers a 15-year conventional fixed rate at 5.25% and a 30-year conventional fixed rate at 6.0%. The 30-year jumbo fixed rate is also 6.0%, while the FHA 30-year fixed rate stands at 7.5%. Additionally, the 30-year VA fixed rate is 7.125%, and the 10-year adjustable fixed rate is 5.875%.