Mortgage Loans in Rochester, NY

Today’s Fed Funds Effective Rate is 4.25%. This is lower than 30 days ago when it was 4.50%. Changes in the Fed Funds rate influence mortgage rates because they affect the cost for banks to borrow money, which can impact loan interest rates for consumers.

Affinity offers a 15-year conventional fixed rate at 5.125% and a 30-year conventional fixed rate at 5.75%, both unchanged from a week ago but up 13 bp from a month ago. Their 3-year ARM is steady at 4.375%, the 5-year ARM at 4.5%, and the 7-year ARM at 4.75%, all unchanged recently. The 30-year fixed rate was 5.625% a month ago, so it has risen slightly to today’s 5.75%. Baxter offers a 15-year Conventional Fixed at 5.125%, down 13 bp from a week ago, and a 30-year Conventional Fixed at 6.0%. Their 15-year Adjustable Conventional is at 4.75%, unchanged from last week but down 13 bp over the past month. The Jumbo 30-year Fixed is steady at 5.875%, up 25 bp from a month ago.

Navy Federal Credit Union offers a 15-year conventional fixed rate at 4.875% and a 30-year conventional fixed rate at 5.625%, both unchanged from a week ago. The 15-year conventional and 30-year conventional refinance rates match these fixed rates. The 30-year VA purchase rate is steady at 5.375%, while the 30-year jumbo purchase rate is 5.875%, down 13 bp from last week. FHA 3-year and 5-year ARMs are at 5.0% and 5.25%, respectively, with a slight 30-day drop of 13 bp. Affinity Plus offers a 30-year Conventional fixed rate at 6.0% today, down 13 bp from 30 days ago. The 15-year Conventional fixed rate is 5.5%. Jumbo 30-year fixed loans are also at 6.0%, down 13 bp over the past month. Adjustable 5-year ARMs hold steady at 4.875%.

Digital shows a 15-year Conventional Fixed rate today at 5.375%, up 13 bp from last week and 25 bp from a month ago. The 30-year Conventional Fixed and 30-year Conventional Refinance rates hold steady at 6.0%, with the refinance rate down 13 bp from two weeks ago. The 15-year Conventional Refinance rate matches the purchase rate at 5.375%, also up 13 bp from last week and 25 bp from a month ago. Delta Community offers a 15-year conventional fixed rate at 5.0%, unchanged from last week but down 25 bp from a month ago. Their 30-year conventional fixed rate is 5.5%, steady over the past week and 13 bp lower than 30 days ago. The 15-year and 30-year conventional refinance rates match the purchase rates at 5.0% and 5.5%, respectively. Jumbo 30-year fixed loans are priced at 5.625%, down 25 bp from a month ago.

Hudson Valley shows a 15-year conventional fixed rate today at 5.125%, up 13 bp from a week ago. The 30-year conventional fixed rate holds steady at 6.0%. Jumbo 30-year fixed loans are at 5.875%, unchanged from last week but down 13 bp over two weeks. Adjustable 5-year fixed loans are at 5.125%, and 7-year fixed loans are at 5.25%, both steady. The 10-year fixed rate is today 5.625%. Municipal offers a 15-year fixed at 5.25% and a 30-year fixed at 5.75% today. The 30-year fixed rate is down 13 bp from 30 days ago. They also have adjustable rates for 5, 7, and 10 years, with the 5-year ARM at 5.375%, the 7-year at 5.625%, and the 10-year at 5.875%.

Connexus shows a 15-year Conventional Fixed rate today at 5.25%, up 13 bp from a week ago. The 30-year Conventional Fixed remains steady at 5.875%. For 15-year Conventional ARM, the rate is 5.875%, also up 13 bp in the last week. The 30-year Conventional ARM is unchanged at 6.375%. FHA Adjustable rates are at 5.25% for 3 years and 5.75% for 5 years, both down about 50 bp over the past month. Polish & Slavic offers a 15-year fixed rate today at 5.5%, down 13 bp from a week ago. Their 30-year fixed rate is steady at 6.125%. They also have a 5-year ARM at 5.625% today.