Mortgage Loans in Miami, FL

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.

Alabama shows a 15-year Conventional Fixed rate at 5.5% today, down 38 bp from 30 days ago. FHA 3-year, 5-year, 7-year, and 10-year ARM rates are also steady, with the 3-year ARM at 5.0% and the 10-year ARM at 6.5%, each down 25 bp from 30 days ago. Grow Financial offers a 15-year conventional fixed rate today at 5.625%, down 13 bp from last week. Their 30-year conventional fixed rate is 5.875%, also down 13 bp over the past week. FHA loans include a 3-year fixed at 5.125% and a 5-year fixed at 5.25%, both down 13 bp from last week. The 10-year FHA fixed rate stands at 5.875%, down 13 bp as well.

Wings Financial offers a 15-year Conventional Fixed rate at 5.25% today, unchanged from a week ago but up 13 bp from 30 days prior. Their 30-year Conventional Fixed and Jumbo Fixed rates are both 6.0%, steady from last week. Adjustable 5-year and 7-year ARMs are at 5.375% and 5.5%, with the 5-year ARM up 13 bp from a week ago and the 7-year ARM up 13 bp from 30 days ago. The 10-year ARM is 5.75%, down 13 bp from a week ago and 15 days ago. Community First Credit Union Of Flo offers a 30-year Conventional fixed rate at 5.375% today. This rate is unchanged from a week ago but is down 32 bp from 30 days prior. They also have a 30-year Jumbo fixed rate at 5.125%, which is 13 bp lower than last week and 95 bp lower than a month ago.