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:

Honor offers a 15-year conventional fixed rate at 6.0% today, up 13 bp from last week. Their 30-year conventional fixed rate is 6.5%, also up 13 bp over the same period. The 30-year FHA fixed rate stands at 6.375%, with a 13 bp increase since last week. Ithink Financial shows a 15-year conventional fixed rate today at 6.375%, up 25 bp from a week ago and 25 bp higher than a month ago. The 30-year conventional fixed rate is 6.875%, up 13 bp from last week but unchanged from a month ago. FHA 3-year fixed remains steady at 6.125%.

Members First offers a 15-year fixed rate at 6.25% and a 30-year fixed rate at 6.75% today. The 30-year fixed rate rose by 13 bp compared to 30 days ago. The 15-year fixed rate has stayed steady at 6.25%. Wescom Central offers a 15-year conventional fixed rate at 6.25%, up 13 bp from a week ago. Their 30-year conventional fixed rate is 6.875%, rising 25 bp in the last week. Adjustable rates include a 5-year ARM at 5.875%, which increased 25 bp over seven days, and a 7-year ARM at 6.125%, also up 25 bp. The 10-year ARM stands at 6.5%, climbing 25 bp this week.

Digital shows a 15-year conventional fixed rate today at 6.375%, up 25 bp from a week ago and 63 bp from a month ago. The 30-year conventional fixed rate is 7.0%, up 13 bp from a week ago and 50 bp from a month ago. The 30-year conventional refinance rate is also 7.0%, unchanged from a week ago but up 50 bp from a month ago.

First Technology offers a 15-year conventional fixed rate at 6.375%, up 25 bp from a week ago. The 30-year conventional fixed rate is 7.0%, unchanged from last week but up 13 bp from 30 days ago. Their 30-year jumbo fixed rate is 6.875%, steady from a week ago but 25 bp higher than 30 days prior. The 5-year adjustable rate is 6.25%, up 38 bp from a week ago and 50 bp from 30 days ago. The 7-year adjustable rate is also 6.25%, up 38 bp from a week ago and 30 days ago. The 10-year adjustable rate stands at 6.75%, down 13 bp from 30 days ago.

Tower offers a 15-year conventional fixed rate at 6.25%, up 25 bp from last week, and a 30-year conventional fixed at 6.75%, up 13 bp. Their 30-year VA fixed is 6.375%, also up 13 bp. For jumbo loans, the 30-year fixed rate is 7.0%, up 13 bp. FHA fixed rates include 3-year at 5.625% and 5-year at 5.875%, both up 13 bp. St. Mary'S Bank offers a 30-year conventional fixed mortgage at 6.5% today, up 13 bp from a week ago and 25 bp from 30 days ago. The 15-year conventional fixed rate is 5.625% as of today. Jumbo 30-year fixed loans are at 6.625%, rising 13 bp over the past week. The 5-year adjustable rate stands at 6.5%, also up 13 bp in the last week.

Gulf Winds offers a 15-year fixed rate at 6.5% and a 30-year fixed rate at 6.875%, both unchanged from recent weeks. Their adjustable rates include 3-year at 6.28%, 5-year at 6.39%, 7-year at 6.49%, and 10-year at 6.58%, all steady as well. North Country offers a 15-year fixed rate at 6.375%, up 25 bp from last week and 13 bp higher than a month ago. Their 30-year fixed rate is 6.5%, up 13 bp over both the past week and month.