Mortgage Loans in Dothan, AL

Today’s Fed Funds Effective Rate is 4.25%, which is lower than 30 days ago at 4.50%. When the Fed Funds rate changes, it influences short-term borrowing costs, which can affect mortgage rates over time.

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 FHA 3-year ARM is steady at 4.375%, and the FHA 5-year ARM is 4.5%, with the 7-year ARM at 4.75%, all rates stable over the past month. 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 at 4.875% and a 30-year Conventional Fixed at 5.625%, both unchanged from a week ago. Their 30-year VA Fixed is today 5.375%, up 13 bp from last week. The 15-year and 30-year Conventional Refinanced loans match the fixed rates at 4.875% and 5.625%, respectively. FHA loans include a 3-year ARM at 5.0% and a 5-year ARM at 5.25%, both down 13 bp from a month ago. Affinity Plus offers a 30-year Conventional Fixed rate at 6.0%, down 13 bp from 30 days ago. The 15-year Conventional Fixed rate is steady at 5.5%. Jumbo 30-year Fixed loans are also at 6.0%, down 13 bp from a month ago. Adjustable 5-year ARM loans remain at 4.875%, and 7-year ARMs are at 5.125%. VA 30-year loans hold at 6.625%.

Digital offers a 15-year conventional fixed rate at 5.375%, unchanged from a week ago but up 25 bp from a month ago. The 30-year conventional fixed and jumbo fixed rates are steady at 6.0%. The 15-year conventional and 30-year conventional rates are the same for both purchase and refinance loans. Delta Community offers a 15-year conventional fixed rate at 5.0%, down 13 bp from last week and 38 bp lower than 30 days ago. Their 30-year conventional fixed rate is 5.5%, also down 13 bp from a week ago and 13 bp from 30 days prior. The 30-year jumbo fixed rate stands at 5.625%, a decrease of 13 bp over the past week and 25 bp since 30 days ago.

America'S First offers a 15-year fixed rate at 5.25% and a 30-year fixed rate at 6.125%, with the 30-year rate down 38 bp from 30 days ago. Adjustable rates include a 5-year ARM at 5.0% and a 7-year ARM at 5.25%, both slightly lower by 25 bp over the past month. Alabama shows a 15-year Conventional Fixed rate at 5.5% today, down 38 bp from earlier in the month. FHA loans for 3-, 5-, 7-, and 10-year terms are also offered, with rates holding steady at 5.0%, 5.5%, 6.0%, and 6.5%, respectively. FHA rates have decreased by 25 bp over the past 30 days.

Connexus offers a 15-year Conventional Fixed rate at 5.125% and a 30-year Conventional Fixed at 5.875%, both unchanged from last week. Their 15-year Conventional ARM is today 5.875%, up 13 bp from seven days ago. The 30-year Conventional ARM holds steady at 6.375%. FHA loans include a 3-year ARM at 5.25%, down 50 bp over 30 days, and a 5-year ARM at 5.75%, down 49 bp. The 7-year ARM is 6.25%, down 34 bp from 30 days ago. Alabama One offers a 15-year fixed rate at 5.375% and a 30-year fixed rate at 6.375%, both unchanged from last week and last month. These rates have stayed steady since early September. If you’re considering a fixed mortgage, these rates provide a clear snapshot of current costs.