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:

Vermont shows a 15-year conventional fixed rate today at 5.75%, up 13 bp from a week ago but down 13 bp from a month ago. The 30-year conventional fixed rate holds steady at 6.375%. Jumbo 30-year fixed loans are also at 6.375%. The last FHA 30-year fixed rate was 6.25% on August 2 but is not quoted today. First Community offers a 30-year conventional fixed mortgage at 6.0% today, unchanged from last week and last month.

Nasa offers a 15-year conventional fixed rate at 6.0% today, up 13 bp from last week and 13 bp from a month ago. Their 30-year conventional fixed rate is 6.5%, also up 13 bp from last week and a month ago. The 30-year FHA fixed rate is 6.375%, rising 13 bp over the past week and month. The 30-year VA fixed rate stands at 6.125%, up 13 bp from last week and month. Jumbo 30-year fixed loans are at 6.5%, up 13 bp from last week and month as well. 1St United offers a 15-year fixed conventional loan at 6.125% and a 30-year fixed conventional loan at 6.625%, both unchanged from recent weeks. Their 30-year fixed jumbo loan is at 6.75%, and the 7-year fixed ARM is at 6.0%. Rates have remained steady over the past month.

Achieva Credit Union offers a 15-year conventional fixed rate at 6.0% and a 30-year conventional fixed rate at 6.5%, which is up 13 bp from a week ago and 16 bp from a month ago. Their 30-year jumbo fixed rate is also 6.5%, rising 13 bp in the last week and 23 bp over 30 days. The 5-year adjustable rate is 6.0%, up 13 bp in the past week and 25 bp in 30 days, while the 10-year adjustable rate stands at 6.25%, down 13 bp from last week but up 38 bp over the month. Avadian shows a 15-year conventional fixed rate today at 6.0%, up 13 bp from a week ago. The 30-year conventional fixed rate is 6.625%, also up 13 bp from last week. FHA 30-year fixed is at 6.125%, rising 25 bp in the past week. The VA 30-year fixed rate stands at 6.25%, up 38 bp from seven days ago.

Chevron shows a 15-year Conventional Fixed rate at 6.0%, up 13 bp from a week ago. The 30-year Conventional Fixed and Jumbo Fixed rates are both 6.625%, also up 13 bp from last week. The 5-year Adjustable rate is 6.0%, with a 13 bp increase over seven days. Franklin Mint offers a 15-year conventional fixed rate at 6.0% today, up 13 bp from last week. Their 30-year conventional fixed rate is 6.625%, also up 13 bp from last week but down 13 bp from a month ago. The 5-year adjustable rate is steady at 6.125%.

Freedom offers a 15-year conventional fixed rate at 6.0%, up 13 bp from last week. Their 30-year conventional fixed rate holds steady at 6.625%. For adjustable rates, the 5-year ARM is 6.125%, the 7-year ARM is 6.25%, and the 10-year ARM is 6.375%. Jumbo 30-year fixed loans are at 7.0%. Lake Trust shows a 15-year Conventional Fixed rate today at 5.875%, unchanged from a week ago but down 25 bp from 30 days prior. The 30-year Conventional Fixed is 6.625%, up 13 bp from a week ago. For adjustable rates, the 5-year ARM is 5.875%, up 13 bp from last week, and the 7-year ARM is 6.0%, also up 13 bp over the same period.