- 1.00% APY* for 3 Years.
- 1.25% APY* for 5 Years.
- 1.50% APY* for 7 Years.
Beside above, is a 2.8 interest rate good?
Anything at or below 3% is an excellent mortgage rate. … For example, if you get a $250,000 mortgage with a fixed 2.8% interest rate on a 30-year term, you could be paying around $1,027 per month and $119,805 interest over the life of your loan.
Considering this, what are interest rates today?
|Conforming and Government Loans|
|30-Year Fixed Rate||3.25%||3.36%|
|30-Year Fixed-Rate VA||2.75%||2.991%|
|15-Year Fixed Rate||2.5%||2.714%|
What is the federal interest rate right now?
On March 3, it was cut to 1.00% to 1.25%, and then again to 0% to 0.25% on March 16.
|Date||Federal Reserve Interest Rate|
|March 3, 2020||1.00%-1.25%|
|Oct. 31, 2019||1.50%-1.75%|
|Aug. 1, 2019||2.00%-2.25%|
They both have excellent customer service and have great programs and products. NFCU is more generous with credit limits. PENFED has lower rates. Those are the only differences.