30-year fixed:  Rate 7.125%, APR 7.321%

15-year fixed:  Rate 6.125%, APR 6.419%

FHA:  Rate 6.500%, APR 7.729%

Estimated APR is based on interest rate + finance charges. Rates are for purchases only.

30-year fixed:  Rate 7.750%, APR 7.959%

15-year fixed:  Rate 6.750%, APR 7.058%

FHA:  Rate 7.000%, APR 8.245%

Estimated APR is based on interest rate + finance charges. Rates are for purchases only.

What the Federal Funds Rate means to You

The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s not the rate that consumers pay, the Fed’s moves still affect the borrowing and saving ...