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:

State Department offers a 15-year conventional fixed rate today at 5.625%, unchanged from last week but down 13 bp from a month ago. Their 30-year conventional fixed rate is 6.25%, steady from last week and down 13 bp over 30 days. The 30-year jumbo fixed rate is 6.625%, also steady from last week and down 13 bp from a month ago. The 5-year ARM is 5.75%, unchanged from last week but down 25 bp in the past 30 days. The 7-year and 10-year ARMs hold steady at 6.125% and 6.25%, respectively.

Altura offers a 15-year Conventional Fixed at 5.75%, down 13 bp from a week ago, and a 30-year Conventional Fixed at 6.624%. Their 30-year Jumbo Fixed is 6.5%, unchanged from last week but down 13 bp from a month ago. The 5-year ARM is 6.25%, down 25 bp from last week and the 7-year ARM is 6.25%, down 13 bp from last week and 75 bp from a month ago. Advancial 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 6.375%, also up 13 bp in the last week. The 30-year jumbo fixed rate is 6.375%, rising 13 bp over seven days and 25 bp over the past month.

America First shows a 15-year Conventional Fixed rate today at 5.875%, up 13 bp from a week ago. The 30-year Conventional Fixed and 30-year Conventional Refinance rates are both 6.625%, also up 13 bp from last week. The 30-year FHA Fixed rate is 6.25%, rising 25 bp in seven days. The 30-year VA Fixed rate is 6.375%, increasing 13 bp over the past week and 38 bp since 30 days ago. Community Credit Union Of Florida offers a 15-year conventional fixed rate at 6.0%, unchanged from a week ago but up 25 bp from a month ago. Their 30-year conventional fixed rate is 6.625%, up 13 bp from both a week and a month ago. FHA, VA, and Jumbo 30-year fixed rates are all at 6.125%, also up 13 bp from a week and a month ago.

San-Francisco-Federal-Credit-Union shows a 15-year Conventional Fixed rate today at 5.75%, up 25 bp from last week. Their 30-year Conventional Fixed rate is 6.615%, up 12 bp over seven days. The 30-year Jumbo Fixed rate is 6.365%, down 26 bp from last week. Adjustable rates include a 5-year ARM at 5.5%, down 25 bp, a 7-year ARM at 5.625%, down 25 bp, and a 10-year ARM at 6.0%, down 75 bp. Wings Financial offers a 15-year conventional fixed rate today at 5.875%, up 25 bp from a week ago. Their 30-year conventional fixed rate is 6.625%, rising 13 bp over the same period. The 30-year jumbo fixed rate matches the conventional at 6.625%, also up 13 bp. Adjustable rates include a 5-year ARM at 5.375% and a 7-year ARM at 5.75%, which increased 13 bp in the last week.

Associated Credit Union offers a 15-year fixed rate at 6.125%, up 13 bp from a week ago. Their 30-year fixed rate is 6.75%, also up 13 bp from last week. The 30-year rate is unchanged from a month ago. Broadview offers a 15-year conventional fixed rate at 6.125%, up 25 bp from a week ago, and a 30-year conventional fixed at 6.75%, also up 25 bp. The 30-year FHA fixed rate is 6.25%, rising 13 bp in the last week. Adjustable rates include a 5-year ARM at 5.75%, up 25 bp, and a 7-year ARM at 6.125%, up 13 bp. The 10-year ARM stands at 6.625%, up 13 bp from last week.

University Of Wisconsin offers a 15-year conventional fixed rate at 6.25%, up 25 bp from a week ago, and a 30-year conventional fixed at 6.75%, up 13 bp. Their 15-year conventional refinance rate is 6.125%, unchanged from a week ago but down 13 bp from a month ago. The 30-year conventional refinance rate is steady at 6.75%, up 13 bp from 15 days ago. FHA 30-year fixed remains steady at 6.5%, and VA 30-year fixed is steady at 6.99%. The 3-year ARM is at 5.75%, and the 5-year ARM is 6.125%, both unchanged from 30 days ago.