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:

Lbs Financial offers a 15-year fixed rate at 6.0%, up 13 bp from last week and 25 bp higher than two weeks ago. Their 30-year fixed rate remains steady at 6.375%. Onpoint Community offers a 15-year Conventional Fixed rate at 6.0% today, up 13 bp from last week. Their 30-year Conventional Fixed and 30-year Conventional Refinance rates are both 6.625%, also up 13 bp from last week. The 30-year FHA and VA Fixed rates are at 6.5%, unchanged from a month ago. Jumbo 30-year Fixed is 6.625%, up 13 bp from last week, and the 5-year ARM is 6.625%, up 13 bp from last week.

Spokane Teachers offers a 15-year conventional fixed rate at 6.0% today, up 25 bp from a week ago. Their 30-year conventional fixed rate is 6.625%, also up 25 bp over the past week. The 30-year FHA fixed rate is 6.25%, with a 13 bp increase from last week. The 30-year VA fixed rate is 6.375%, up 13 bp from seven days ago. The 5-year adjustable rate is 6.5%, rising 25 bp in the last week. Star One offers a 15-year conventional fixed rate at 6.25%, up 25 bp from a week ago. Their 30-year conventional fixed rate holds steady at 5.75%. The 30-year jumbo fixed rate is 5.75%, down 64 bp from last week but unchanged from a month ago.

Community First Credit Union Of Flo offers a 15-year conventional fixed rate at 6.0%, unchanged from a week ago but up 13 bp from 30 days prior. Their 30-year conventional fixed rate is 6.725%, up 13 bp from last week and 30 days ago. The 30-year jumbo fixed rate is 6.625%, also up 13 bp over the past week and month. The 5-year ARM fixed rate stands at 6.375%, up 13 bp from last week.

Citizens Equity First offers a 15-year conventional fixed rate at 6.125% and a 30-year conventional fixed at 6.75%, both unchanged from a week ago but up 13 bp from a month ago. Their 30-year jumbo fixed is also at 6.75%, with the same recent changes. Adjustable rates include a 5-year ARM at 5.875% and a 7-year ARM at 6.0%, both steady this week but up 13 bp over 30 days. The 10-year ARM stands at 6.125%, unchanged this week and up 13 bp from last month. Ent offers a 15-year Conventional Fixed at 6.125% today, up 13 bp from last week. Their 30-year Conventional Fixed is 6.5%, also up 13 bp. The 30-year Conventional Jumbo Fixed is higher at 6.75%, rising 25 bp over seven days. VA and FHA 30-year Fixed rates stand at 6.125% today, each up 13 bp from last week.

One Nevada offers a 15-year conventional fixed rate at 6.125%, up from 6.0% a week ago, and a 30-year conventional fixed rate at 5.625%, down from 5.75% last week. The 15-year conventional refinance rate is 6.0%, slightly lower than last week’s 6.125%. FHA 30-year fixed loans are at 6.0%, up from 5.875% seven days ago. VA 30-year fixed loans stand at 6.125%, also up from 6.0% a week ago.

Usalliance shows a 15-year Conventional Fixed rate today at 6.125%, up 13 bp from a week ago. The 30-year Conventional Fixed rate is 6.75%, also up 13 bp over the past week. Their 30-year Jumbo Fixed rate is 6.625%, unchanged from last week but down 13 bp from 30 days ago. The 5-year ARM is at 6.0%, steady from a week ago but up 13 bp from 15 days back. The 7-year ARM is 6.375%, up 13 bp from a week ago. The 10-year ARM stands at 6.5%, up 13 bp from 15 days ago and 30 days ago. Selco Community offers a 15-year conventional fixed rate at 6.0% and a 30-year conventional fixed rate at 6.625%. Their 30-year FHA fixed rate is 5.75%, and the 30-year VA fixed rate is 5.875%. These rates have stayed steady over the past weeks.