Nusenda Credit Union Mortgage Services

Why Didn’t Mortgage Rates go to Zero when the Fed lowered their rate?

We work hard every day to save our members money, and we offer the lowest possible mortgage rates available to us. Unfortunately, we do not control those rates, and in these uncertain times, they are moving rapidly and in unpredictable ways.

The Federal Reserve slashed its interest rates to 0% recently, but mortgage rates are trending upward. For many members, it begs the question: “What gives?”

While Federal Reserve rates can influence mortgage rates, they do not set them. The Fed rate covers loans with terms up to 1 day, but mortgage loans can last up to 30 years. The mortgage rates are set by investors who trade mortgage bonds on Wall Street. As a result, mortgage rates can move up and down several times in a day, where the Fed rate changes only upon action by the Fed.

Our team is standing by to help you get the best rate possible and to give you sound advice on what is possible and profitable for you.

Explore Your Mortgage Options

Whether you want to finance your first home or finally purchase the home of your dreams, a Nusenda Credit Union mortgage specialist can help take you there. Explore all of the mortgage options available to you and feel good knowing you’re increasing your participation in a community-focused organization that cares about your financial future.

To get pre-approved any time, day or night, before you start house hunting, apply online now, or you can call 505-855-5950 (800-347-2838 outside the Albuquerque area), or visit a branch near you.

Fixed-rate Mortgages >

Choose the reliability and stability of a fixed-rate mortgage, available in 10-, 15-, 20-, 25-, and 30-year terms. Learn more

ARM Mortgages >

Increase your purchasing power while keeping your monthly payments low with our Adjustable Rate Mortgages (ARM). Learn more

FHA Mortgages >

If you’re a first-time home buyer looking for a low down payment option, a Federal Housing Administration (FHA) mortgage may be your best option. Learn more

VA Loans >

In appreciation for our veterans and service members, Nusenda Credit Union offers 100% financing options and low fees through our Veterans Administration mortgages. Learn more

Jumbo Mortgages >

For large home financing, big purchasing power, and low monthly payments, our jumbo mortgages may be your answer. Learn more

Mortgage Benefits

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Mortgage Resource Center

Find everything you need to know about getting a mortgage in our Mortgage Resource Center. From helpful tools and information on home loan programs and current rates and fees, to application details and rate calculators, you’ll find answers to virtually any question you have about the mortgage process.

Mortgage Workshops

Attend our free mortgage workshops and get practical information and personal, hands-on assistance as you take steps toward purchasing a home. To learn about the next workshops being offered in your area, visit the Member Benefits page.

The Power of WE®

As a member of Nusenda Credit Union, you have access to competitive mortgage rates, local service, and fast underwriting. Your mortgage also increases your ability to earn rewards in our Earn Your Return program.

Rate Tracker

Get current rate information sent to you so you can apply for your mortgage at the right time. Sign up for Rate Tracker to receive interest rate information on a regular basis, or request to be notified when rates reach your preferred level.

Mortgage Calculators

Compare different types of mortgages, payment options, terms and more with our helpful Mortgage Calculators.

Mortgage Lower

Rewarding those we serve.

Nusenda Credit Union. The Power of WE®.

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