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:

Sharon & Crescent United offers a 15-year conventional fixed rate at 6.125% today, up 13 bp from last week. Their 30-year conventional fixed rate is 6.625%, also up 13 bp over seven days. The jumbo 30-year fixed rate matches the conventional 30-year fixed at 6.625%, with the same 13 bp increase from last week. Chartway offers a 30-year Conventional fixed rate at 6.375% today, up 13 bp from a week ago and 38 bp higher than 30 days ago. The 15-year and 30-year fixed rates for other loan types are not listed with current rates. Adjustable rates include a 5-year ARM at 6.125%, a 7-year ARM at 6.5%, and a 10-year ARM at 6.75%, all quoted today.

Community First offers a 15-year fixed rate at 6.125% today, up 13 bp from a week ago. Their 30-year fixed rate remains steady at 6.75%. The 15-year fixed rate was 6.0% two weeks ago, showing a slight increase over the past month. Dupaco Community offers a 15-year fixed conventional mortgage at 6.125% today, up 13 bp from a week ago. Their 30-year fixed conventional rate is 6.5%, also up 13 bp over the same period. The 15-year and 30-year fixed rates for conventional and refinancing loans match these values and trends.

Hanscom offers a 15-year conventional fixed rate at 6.25%, up 13 bp from a week ago and 25 bp higher than a month ago. The 30-year conventional fixed rate holds steady at 6.75%. The 30-year VA fixed rate is 6.5%. Numerica offers a 15-year conventional fixed rate at 6.125% and a 30-year conventional fixed rate at 6.75%, up 13 bp from 7 days ago for the 30-year. Their 30-year jumbo fixed rate is 7.625%, unchanged from a week ago but up 13 bp from 30 days ago.

Premier America offers a 15-year fixed rate at 6.125%, down 13 bp from 30 days ago. Their 30-year fixed rate holds steady at 6.75%. Rates have been stable over the past week. Blaze offers a 15-year Conventional Fixed at 6.125% today, up 13 bp from a week ago. Their 30-year Conventional Fixed is 6.75%, unchanged from last week but up 13 bp from a month ago. FHA and VA 30-year Fixed rates are both 6.5%, up 13 bp from a week ago. Jumbo 30-year Fixed is at 6.875%, steady from last week but up 13 bp from a month ago. Adjustable rates show a 5-year ARM at 5.875% and a 7-year ARM at 6.125%, both up 13 bp from a month ago.

L & N offers a 15-year fixed rate at 6.125%, unchanged from a week ago but up 13 bp from a month prior. Their 30-year fixed rate is 6.75%, up 13 bp from both a week and a month ago. Rates have edged slightly higher over the past month for both terms. Landmark offers a 15-year conventional fixed rate at 6.25%, up 25 bp from a week ago, and a 30-year conventional fixed at 6.875%, also up 25 bp. Their FHA 3-year ARM is today 5.875%, up 25 bp from last week. The 5-year and 7-year ARMs are at 6.25% and 6.5%, each up 25 bp over seven days.