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:

Bethpage offers a 15-year conventional fixed rate at 6.375%, up 25 bp from last week, and a 30-year conventional fixed at 6.75%, up 13 bp. Their 30-year FHA fixed is 6.625%, also up 13 bp. Adjustable-rate 5-year loans stand at 6.125%, up 13 bp, and 7-year adjustable loans are 6.375%, up 13 bp. The 10-year adjustable is 6.75%, up 13 bp from a week ago. Guardian offers a 15-year conventional fixed rate at 6.375% and a 30-year conventional fixed rate at 6.75%, both unchanged from a week ago. Their 3-year ARM is at 6.125%, up 13 bp from last week.

St. Louis Community offers a 15-year conventional fixed rate today at 6.375%, up 13 bp from a week ago. The 30-year conventional fixed rate holds steady at 6.75%. The 30-year FHA fixed rate is 6.375%, and the 30-year VA fixed rate is 6.5%. Navigant shows a 15-year fixed rate at 6.375%, up 13 bp from a week ago. Their 30-year fixed rate is 6.625%, unchanged from seven days prior. The 30-year jumbo fixed rate is 7.375%, steady over the week. The 10-year fixed sits at 6.625%, also unchanged this week.

Together offers a 15-year conventional fixed rate at 6.375%, up 25 bp from a week ago, and a 30-year conventional fixed at 6.875%, up 13 bp. Their jumbo 30-year fixed is also 6.875%, up 13 bp. Adjustable 5- and 7-year ARMs are both at 5.75%, up 25 bp from last week. Lighthouse offers a 15-year conventional fixed rate at 6.5%, up 13 bp from a week ago, and a 30-year conventional fixed at 7.125%, which is 25 bp higher than last week. Their 30-year jumbo fixed matches the conventional at 7.125%, also up 25 bp. FHA loans include a 3-year ARM today at 6.0%, rising 113 bp from last week, and a 5-year ARM at 6.125%, up 50 bp. The 7-year ARM is 6.25%, increasing 50 bp, and the 10-year ARM is 6.375%, up 25 bp from a week ago.

Polish & Slavic offers a 15-year fixed rate at 6.375%, up 13 bp from a week ago. Their 30-year fixed rate is 6.625%, also up 13 bp over the last week. Adjustable rates are shown only for 3-, 5-, 7-, and 10-year ARMs, with the 3- and 5-year ARMs at 5.75%, the 7-year at 6.0%, and the 10-year at 6.875%. Greater Nevada offers 15-year and 30-year Conventional fixed loans at 6.375% today. The 30-year FHA fixed rate is 6.5%, up 13 bp from a week ago. VA and Jumbo 30-year fixed loans are priced at 6.625% and 7.0%, respectively, both up 13 bp over the last week. The 5-year Adjustable Conventional rate is 6.875%, rising 50 bp from 30 days ago.

Hughes shows a 15-year conventional fixed rate at 6.49%, up 12 bp from a week ago and 24 bp from 30 days ago. Their 30-year conventional fixed rate is 6.99%, up 12 bp from 30 days ago. The 30-year fixed FHA rate holds steady at 6.25%. The 30-year VA fixed rate is 6.875%, up 13 bp from 30 days ago. Intouch offers a 5-year ARM at 6.5%, up 25 bp from 30 days ago. This is the only rate available today.