Mortgage Loans in El Paso, TX

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 30 days prior. Their adjustable rates for 3-, 5-, and 7-year terms remain steady at 4.375%, 4.5%, and 4.75%, respectively. The 30-year fixed rate today is 5.75%, and the 15-year fixed is 5.125%. Baxter offers a 15-year Conventional Fixed at 5.125% and a 30-year Conventional Fixed at 6.0%, with the 30-year rate up 13 bp from last week. They also have a 30-year Jumbo Fixed at 5.875%, which rose 25 bp over the past month. Additionally, the 5-year Adjustable sits at 4.75%, down 13 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 steady at 5.5%. VA and Jumbo 30-year fixed loans are also at 6.0%, with the Jumbo rate down 13 bp from a month ago. Adjustable 5-year ARMs hold at 4.875%, and 7-year ARMs are at 5.125%.

Digital shows a 15-year Conventional Fixed rate today at 5.375%, up 13 bp from a week ago and 25 bp higher than 30 days ago. The 30-year Conventional Fixed rate is steady at 6.0%. The 30-year Conventional ARM rate is 6.0%, down 13 bp from 15 days ago. The Jumbo 30-year Fixed rate remains at 6.0%. Educators offers a 15-year conventional fixed rate at 5.25%, down 25 bp from a week ago, and a 30-year conventional fixed at 5.375%, down 50 bp over the same period. The 30-year VA fixed rate is 5.625%, down 13 bp from last week. The 5-year adjustable rate is 5.375%, also down 13 bp compared to seven days ago.

Delta Community offers a 15-year conventional fixed rate at 5.0%, down 25 bp from a month ago, and a 30-year conventional fixed rate at 5.5%, down 13 bp over the same period. Their 30-year jumbo fixed rate is steady today at 5.625%, down 25 bp from 30 days ago. The 15-year conventional fixed rate has held steady over the past week. Advancial offers a 15-year conventional fixed rate at 5.125%, unchanged from a week ago but up 25 bp from a month ago. Their 30-year conventional fixed rate is 5.875%, steady over the past week and month. The 30-year jumbo fixed rate is 6.0%, also steady compared to a week ago.

Connexus offers a 15-year Conventional Fixed at 5.125% and a 30-year Conventional Fixed at 5.875% today. Their 15-year Conventional Refinance is 5.75%, while the 30-year Conventional Refinance is 6.375%. The 3-year ARM is at 5.25%, down 50 bp from 30 days ago, and the 5-year ARM is 5.75%, also down 49 bp over the same period. The 7-year ARM stands at 6.25%, down 34 bp from 30 days ago. First Community offers a 15-year conventional fixed rate at 5.25% and a 30-year conventional fixed rate at 5.75%, both unchanged recently. Their 30-year FHA fixed rate is today 5.25%, down 38 bp from 30 days ago. The VA 30-year fixed rate matches the FHA at 5.25%, also down 38 bp over the past month. Jumbo 30-year fixed loans are at 6.0%.