Mortgage Loans in Huntsville, AL

Today’s Fed Funds Effective Rate is 4.25%, which is lower than 30 days ago when it was 4.50%. The Fed Funds rate influences mortgage rates because it affects the cost banks pay to borrow money, which can impact the interest rates lenders offer to homebuyers.

Affinity offers a 15-year conventional fixed rate at 5.125% and a 30-year conventional fixed rate at 5.75%, both unchanged from last week but up 13 bp from a month ago. Their 3-, 5-, and 7-year adjustable rates remain steady at 4.375%, 4.5%, and 4.75%, respectively. The 30-year fixed rate is today 5.75%, while the 15-year fixed is 5.125%. Baxter offers a 15-year Conventional Fixed at 5.125%, unchanged from a week ago but up 13 bp from a month ago. Their 30-year Conventional Fixed is 5.875%, down 13 bp from last week. The Jumbo 30-year Fixed is steady at 5.875%, with a 30-day increase of 25 bp. The 5-year ARM is 4.75%, unchanged over the past month.

State Department offers a 15-year conventional fixed rate at 4.75% and a 30-year conventional fixed rate at 5.5% today. The jumbo 30-year fixed rate is 5.625%. Adjustable rates include a 5-year ARM at 5.25%, a 7-year ARM at 5.125%, and a 10-year ARM at 5.375%. Family Security offers a 15-year conventional fixed rate at 5.49% and a 30-year conventional fixed rate at 6.25%. They also have 30-year FHA and VA fixed loans both at 5.625%, and a 5-year ARM at 4.75%. Rates are steady with no recent changes reported.

Affinity Plus offers a 15-year Conventional Fixed at 5.5% and a 30-year Conventional Fixed at 6.0%, both unchanged from a week ago but down 13 bp from a month ago. The 30-year Jumbo Fixed is also 6.0%, down 13 bp over 30 days. Their 30-year VA Fixed remains steady at 6.625%. Adjustable rates include a 5-year ARM at 4.875% and a 7-year ARM at 5.125%, both steady. Digital offers a 15-year conventional fixed rate at 5.375% and a 30-year conventional fixed rate at 6.0%. The 30-year fixed rate is up 25 bp from a month ago but steady over the past week. The 15-year fixed rate remains unchanged from both last week and last month. Jumbo 30-year fixed loans are also at 6.0%, unchanged from last week.

Delta Community offers a 15-year conventional fixed rate at 5.0% and a 30-year conventional fixed rate at 5.5%, both unchanged from last week but down 25 and 13 bp from a month ago, respectively. The 15-year conventional fixed rate refinance is also at 5.0%. Jumbo 30-year fixed loans are priced today at 5.625%, down 13 bp from a month ago. America'S First offers a 15-year conventional fixed rate at 5.25% and a 30-year conventional fixed rate at 6.125%, with the 30-year rate down 38 bp from a month ago. Their 5-year adjustable rate is 5.0%, and the 7-year adjustable rate is 5.25%, both slightly lower than last month.

Alabama shows a 15-year Conventional Fixed rate at 5.5% today, unchanged from last week but down 38 bp from a month ago. FHA 30-year Fixed is at 5.0%, also steady this week and down 25 bp over 30 days. The 5-, 7-, and 10-year Adjustable rates hold steady at 5.5%, 6.0%, and 6.5%, each down 25 bp from a month ago. Guardian offers a 15-year conventional fixed rate at 5.875% and a 30-year conventional fixed rate at 6.125%. They also have a 3-year ARM at 5.5% today.