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:

First Entertainment offers a 15-year Conventional Fixed at 6.125% and a 30-year Conventional Fixed at 6.625%, both unchanged from a week ago. The 15-year Conventional Refi is 6.125%, up 13 bp from last week, and the 30-year Conventional Refi is 6.625%, also up 13 bp. The 30-year Jumbo Fixed rate is 6.625%, steady from last week. Adjustable rates include a 3-year ARM at 6.0%, up 13 bp, a 5-year ARM at 6.125%, up 13 bp, a 7-year ARM at 5.875%, and a 10-year ARM at 6.5%, both up 13 bp.

Mid-Hudson Valley shows a 15-year conventional fixed rate today at 5.875%, up 13 bp from last week. The 30-year conventional fixed rate remains steady at 6.625%. For 15-year conventional refinance, the rate is 5.875%, up 13 bp from last week and 25 bp from a month ago. The 30-year conventional refinance rate is 6.625%, up 13 bp from last week and 13 bp from a month ago. Orange County'S shows a 15-year conventional fixed rate 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 last week and month. For adjustable rates, the 5-year ARM is at 5.5%, rising 13 bp in the past week but down 13 bp over the last month. The 7-year ARM holds steady at 6.0%, while the 10-year ARM is 6.125%, up 13 bp from a week ago and down 13 bp from a month ago.

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.

Rivermark Community offers a 15-year conventional fixed rate at 5.875% and a 30-year conventional fixed at 6.625%, both unchanged from last week but up 13 bp since early August. Their 5-year adjustable rate is steady at 5.75%, and the 7-year adjustable is 5.875%, with the 10-year adjustable at 6.25%. State Department 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 is 6.25%, steady from last week and down 13 bp over 30 days. The 30-year jumbo fixed rate is 6.625%, also steady from last week and down 13 bp from a month ago. The 5-year ARM is 5.75%, unchanged from last week but down 25 bp in the past 30 days. The 7-year and 10-year ARMs hold steady at 6.125% and 6.25%, respectively.

Zeal offers a 15-year conventional fixed rate at 5.875%, unchanged from a week ago but down 13 bp from a month ago. Their 30-year conventional fixed rate is 6.625%, up 13 bp from seven days ago. For adjustable rates, the 5-year ARM is 5.875%, up 13 bp over the past week, and the 7-year ARM is 6.0%, also up 13 bp in the last seven days. 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.

Credit Union Of Southern California offers a 15-year conventional fixed rate at 6.125%, up 13 bp from a week ago. The 30-year conventional fixed rate holds steady at 6.75%. Jumbo 30-year fixed loans are also at 6.75%. Adjustable 5-year ARMs are priced at 5.875%, and 7-year ARMs are at 6.125%. First Commonwealth offers a 15-year conventional fixed rate today at 5.625% and a 30-year conventional fixed rate at 6.25%. The 30-year FHA fixed rate is 6.125%. Rates have held steady over the past week and month.