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 when it was 4.50%. When the Fed Funds rate is higher, mortgage rates often face upward pressure because lenders’ borrowing costs increase.

Credit Union Loan Rates - Trends & Analysis:

Langley offers a 15-year Conventional Fixed at 5.75% and a 30-year Conventional Fixed at 6.375%, up 50 bp from a week ago. Their 30-year Conventional Refi is 5.903%, up 28 bp. FHA 30-year Fixed is 6.625%, up 25 bp, and VA 30-year Fixed is 6.5%, also up 25 bp. The 5-year ARM is 6.0%, up 13 bp. Municipal offers a 15-year conventional fixed rate at 5.875% and a 30-year conventional fixed rate at 6.375%. Jumbo 30-year fixed loans are at 6.5%. Adjustable-rate 5-year loans are priced at 5.75%, 7-year at 6.0%, and 10-year at 6.25%.

Goldenwest offers a 15-year conventional fixed rate today at 5.75%, up 13 bp from a week ago. Their 30-year conventional fixed rate is 6.49%, also up 12 bp over the last 7 days. The 30-year FHA fixed rate is 6.0%, rising 13 bp in the past week. The 30-year VA fixed rate is 6.0%, up 13 bp from last week but only 1 bp higher than 30 days ago. Connexus shows a 15-year conventional fixed rate today at 5.75%, up 13 bp from 30 days ago. The 30-year conventional fixed rate is 6.5%, also up 13 bp over the same period. Their 15-year conventional refinance rate is 6.125%, down 13 bp from a week ago. The 30-year conventional refinance rate holds steady at 6.75%. FHA fixed rates for 3-, 5-, and 7-year terms remain steady at 4.99%, 5.375%, and 5.625%, respectively.

Grow Financial has a 15-year conventional fixed rate today at 6.25%, up 13 bp from last week. Their 30-year conventional fixed rate is 6.5%, also up 13 bp over the same period. For FHA loans, the 3-year ARM is at 5.75%, and the 5-year ARM is 5.875%, each up 13 bp from last week. The 10-year ARM stands at 6.5%, up 13 bp as well. Launch Credit Union offers a 15-year conventional fixed rate at 6.0% and a 30-year conventional fixed rate at 6.5%, both unchanged from last week but up 25 bp from the start of August. Their 15-year conventional refinance rate is 5.75%, and the 30-year conventional refinance rate is 6.25%, also steady over the past week and up 25 bp from early August.

Meritrust offers a 15-year fixed rate at 5.75%, unchanged from last week but up 25 bp from a month ago. Their 30-year fixed rate is 6.5%, also steady over the past week and up 25 bp compared to 30 days earlier. Pacific Service offers a 15-year conventional fixed rate at 5.5% and a 30-year conventional fixed at 6.25%, both unchanged from last week but up 13 bp from a month ago. Their 30-year FHA fixed is 6.0%, also steady week to week but up 13 bp over 30 days. The 30-year jumbo fixed rate is 6.125%, with the same pattern of no weekly change and a 13 bp rise over the month. The 5-year ARM fixed stands at 5.75%, unchanged over both periods.

Premier Members offers a 15-year conventional fixed rate at 5.75% and a 30-year conventional fixed at 6.0%, both unchanged from a week ago but down 13 bp from a month ago. Their 5-year adjustable rate is steady at 6.125%, while the 7-year adjustable rate dropped to 5.875%, down 38 bp from a month ago. Sidney offers a 15-year fixed rate at 5.75% and a 30-year fixed rate at 6.125%, which is up 13 bp from 30 days ago. Adjustable rates include 5-year at 6.125%, 7-year at 5.875%, and 10-year at 6.0%, all unchanged from a week ago.