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:

Sierra Central offers a 30-year Conventional fixed rate today at 6.125%, up 13 bp from a week ago but down 38 bp from 30 days ago. Their 30-year VA fixed rate is 6.625%, up 13 bp over the past 30 days. The 15-year Conventional fixed rate was 6.0% on August 19 but is not quoted today. Alliant shows a 15-year conventional fixed rate today at 6.125%, up 25 bp from last week and last month. The 30-year conventional fixed is 7.0%, also up 25 bp over the same periods. Adjustable 5-year and 7-year ARMs are at 6.0% and 6.125%, respectively, with smaller increases of 13 bp from last week and 25 bp from last month. The 10-year ARM is 6.375%, rising 13 bp from last week and 25 bp from last month.

Rally offers a 15-year Conventional Fixed mortgage at 6.125% today, unchanged from a week ago but up 38 bp from 30 days ago. The 15-year Conventional Refinance Fixed rate matches this at 6.125%. The 30-year options are not quoted today. Jsc offers a 15-year Conventional Fixed at 6.125%, down 38 bp from last week. Their 30-year Conventional Fixed is 6.5%, up 13 bp over seven days. The 30-year Conventional Refi rate is 7.125%, up 25 bp in the past week. FHA 30-year Fixed is 6.25%, up 13 bp, and VA 30-year Fixed is 6.375%, up 25 bp from last week.

Texas Dow Employees offers a 15-year Conventional Fixed at 6.13%, up 13 bp from last week. Their 30-year Conventional Fixed is 6.75%, also up 12 bp in the past 7 days. The 30-year FHA Fixed stays steady at 6.25%. Adjustable rates include a 7-year ARM at 6.88%, up 13 bp from a week ago, and a 10-year ARM at 7.0%, up 12 bp. American Airlines offers a 15-year conventional fixed rate at 6.21% and a 30-year conventional fixed rate at 6.583%, both unchanged from a week ago but up 13 bp from a month ago. Their 5-year adjustable rate stands at 6.533%, up 20 bp from 30 days prior. Rates have held steady recently with slight increases over the past month.

Firstmark offers 30-year Conventional Fixed and Jumbo Fixed loans at 6.25% today. Both rates have dropped by 13 bp over the past 30 days. The 30-year Conventional Fixed rate was slightly higher at 6.375% on August 2. Pentagon offers a 30-year Conventional fixed rate at 6.25% today. Their 30-year Conventional refinance rate is higher at 6.375%, up 25 bp from a week ago and 13 bp from a month ago. FHA and VA 30-year fixed loans are both at 5.75%. Jumbo 30-year fixed loans stand at 6.25%.

Meriwest offers a 15-year fixed rate at 6.25% today, unchanged from the past weeks. Their 30-year fixed rate is 6.375%, up 13 bp from both one week and one month ago. Credit Union West offers a 15-year Conventional Fixed rate at 5.875% today, up 13 bp from a week ago. Their 30-year Conventional Fixed rate holds steady at 6.5%. The 30-year Conventional Refinance rate dropped 25 bp to 6.25%. FHA 30-year Fixed is steady at 6.0%, and the VA 30-year Fixed rate is 5.99% today, up 12 bp from 30 days ago. Jumbo 30-year Fixed remains at 6.5%.