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 and two years ago. When the Fed Funds rate is higher, it can increase mortgage rates as borrowing costs rise for lenders.

Credit Union Loan Rates - Trends & Analysis:

Patelco offers a 15-year conventional fixed rate at 6.125%, up from 6.0% a week ago, and a 30-year conventional fixed at 6.625%, down 13 bp from a month ago. Their 15-year conventional refinance is 6.25%, up 25 bp in the past week, while the 30-year conventional refinance is 6.75%, up 13 bp in seven days. Adjustable rates include a 5-year ARM at 5.625%, up 13 bp this week, and a 10-year ARM at 6.0%, also up 13 bp over seven days. The jumbo 30-year fixed rate remains steady at 6.875%.

Royal offers a 15-year conventional fixed at 6.25%, up 25 bp from a week ago, and a 30-year conventional fixed at 6.75%, up 13 bp from last week. 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 is at 5.875%, up 13 bp, and the 10-year ARM is 6.5%, up 13 bp from last week. Schoolsfirst offers a 15-year Conventional Fixed rate today at 5.625% and a 30-year Conventional Fixed at 6.375%. The 15-year Conventional Fixed rate is steady from last week but down 13 bp from a month ago. The 30-year Conventional Fixed rate also holds steady week-over-week and is 13 bp lower than 30 days ago. FHA and Jumbo 30-year Fixed rates match the 30-year Conventional Fixed at 6.375%, with the same 30-day decline of 13 bp.

Webster First offers a 15-year conventional fixed rate at 6.0%, up 38 bp from a week ago, and a 30-year conventional fixed at 6.5%, up 25 bp. Their 15-year FHA fixed is 5.875%, rising 50 bp, while the 7-year FHA fixed is 6.0%, also up 50 bp. The 10-year FHA fixed rate stands at 6.25%, increasing 25 bp from last week. Community Resource offers a 15-year conventional fixed rate at 5.88%, up 13 bp from 15 days ago. The 30-year conventional fixed rate is 6.63%, unchanged from 15 and 30 days ago.

Connecticut State Employees offers a 15-year conventional fixed rate at 6.0%, up 13 bp from last week, and a 30-year conventional fixed rate at 6.625%, also up 13 bp. The 15-year conventional refinance rate remains steady at 5.4%. The 30-year conventional refinance rate is 6.625%, up 13 bp from last week. Americas-Credit-Union offers a 30-year Jumbo loan at 6.375% today, unchanged from two weeks ago. Their 5-year ARM is steady at 5.74%.

Community 1St offers a 15-year conventional fixed rate at 5.99%, up 12 bp from a week ago, and a 30-year conventional fixed at 6.375%, up 13 bp for both 7 and 30 days. The 15-year conventional refinance is 5.875%. Veterans can get a 30-year VA fixed at 6.25%, unchanged from a week ago but up 13 bp from 30 days prior. Adjustable rates include 3-, 5-, 7-, and 10-year ARMs ranging from 6.0% to 6.375%, each up 13 bp over the past 30 days. California Coast offers a 15-year fixed conventional loan at 6.25%, up 13 bp from last week. The 30-year fixed conventional and jumbo loans are both at 6.875%, also up 13 bp over seven days. Adjustable-rate 5-year and 7-year loans remain steady at 5.5% and 6.0%, respectively.

Deseret First offers both 15-year and 30-year conventional fixed loans at 6.0% today. Rates have held steady since early June. This gives you clear, stable options if you prefer a fixed rate for either term.