Mortgage Rates Overview - The average 30-year fixed mortgage rate is currently at 5.91%, while the 15-year fixed rate is at 5.44% [1][5] - Zillow's reported rates are generally lower than those from Freddie Mac due to different survey methodologies [1][18] Current Mortgage Rates - Current national average mortgage rates include: - 30-year fixed: 5.91% - 20-year fixed: 5.86% - 15-year fixed: 5.44% - 5/1 ARM: 5.93% - 7/1 ARM: 6.04% - 30-year VA: 5.50% - 15-year VA: 5.13% - 5/1 VA: 5.16% [5] Mortgage Refinance Rates - Today's mortgage refinance rates are typically higher than purchase rates, although this is not always the case [3] Market Trends - Mortgage rates have been gradually decreasing since the end of May last year, with the 30-year fixed rate peaking over 7% in January 2025 before declining [20] - Predictions indicate that the 30-year mortgage rate will remain near 6.1% through 2026, with Fannie Mae forecasting a rate near 6% by the end of the year [19] Buying Considerations - The current housing market is more favorable for buyers compared to the previous years, as home prices are stabilizing and mortgage rates have decreased [16] - The best time to buy a house is when it aligns with personal circumstances rather than trying to time the market [17]

Mortgage rates are near recent lows. According to Zillow, the average 30-year fixed rate is down four basis points to 5.93%. Meanwhile, the 15-year fixed home loan rate is holding steady at 5.47%. Zillow compiles rates from those offered in its lender marketplace. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 5.93% 20-year fixed: 5.89% 15-year fixed: 5.47% 5/1 ARM: 6.00% 7/1 ARM: 6.12% 30-year VA: 5.51% 15-year VA: 5.21% 5/1 VA: ...

Financial Data and Key Metrics Changes - TrustCo Bank reported a net income of $15.6 million for Q4 2025, representing a 38% increase compared to Q4 2024, with a return on average assets of 0.97% and average equity of 8.99% [5][7] - The consolidated equity to assets ratio was 10.66% for Q4 2025, down from 10.84% in Q4 2024 [7] - Book value per share increased by 7.1% to $38.08 from $35.56 a year earlier [8] Business Line Data and Key Metrics Changes - Average loans grew by 2.5%, or $126.8 million, reaching an all-time high of $5.2 billion [9] - Home equity lines of credit increased by $54.1 million, or 13.5%, while residential real estate portfolio grew by $50.6 million, or 1.2% [9][10] - Average commercial loans increased by $24.5 million, or 8.6%, while installment loans decreased by $2.4 million, or 17.3% [10] Market Data and Key Metrics Changes - Total deposits reached $5.6 billion, up $166 million compared to the prior year quarter, indicating strong customer confidence [10] - The bank's net interest income was $43.7 million for Q4 2025, an increase of 12.4% compared to the prior year quarter [11] - The net interest margin improved to 2.82%, up 22 basis points from the prior year quarter [11] Company Strategy and Development Direction - The company emphasized building solid customer relationships and maintaining low cost of funds, which contributed to margin expansion [4] - TrustCo Bank is committed to returning value to shareholders through a disciplined share repurchase program, having repurchased 533,000 shares in Q4 2025 [8] - The bank's strategy includes a focus on relationship banking and competitive product offerings to support ongoing loan growth [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the bank's long-term strength and ability to manage credit risk effectively despite a modest increase in non-performing loans [9][18] - The bank remains well-positioned to deliver strong net interest income performance even with potential Federal Reserve rate changes [11] - Management is actively seeking new branch locations, particularly in Pasco County, Florida, to capture mortgage business as market dynamics shift [33] Other Important Information - Non-performing loans increased to $20.7 million, with a ratio of 0.39% of total loans, up from 0.37% a year ago [9][18] - Total non-interest expense for Q4 2025 was $26.5 million, down $1.5 million from the prior year quarter [12] Q&A Session Summary Question: Inquiry about asset quality and increase in New York commercial NPLs - Management indicated the increase was due to two relationships involving multi-family properties in Schenectady and Albany [23][24] Question: Clarification on collateral and guarantees for NPLs - Management confirmed that all loans in the portfolio are guaranteed, ensuring good collateral [25] Question: Inquiry about the increase in other expenses - Management explained that year-end expenses included funding for the TrustCo Foundation and other larger expenses [28] Question: Guidance for 2026 expenses - Management provided a range of expected recurring non-interest expenses for 2026, indicating no significant drivers for the increase [29][30] Question: Outlook on branch growth or declines - Management is actively looking for new locations in Pasco County, emphasizing the importance of entering at the right price [33]

TrustCo Bank NY (NasdaqGS:TRST) Q4 2025 Earnings call January 22, 2026 09:00 AM ET Speaker2Good day. Welcome to the TrustCo Bank Corp NY fourth quarter earnings call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero on your keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and then one on your telephone keypad. To withdraw your ques ...

Core Insights - Mortgage rates have increased significantly due to President Trump's actions regarding Greenland, leading to the highest yield on 10-year Treasurys in five months [1] - The average 30-year fixed mortgage rate is currently at 6.05%, while the 15-year fixed rate is at 5.50% [1][16] Mortgage Rates Overview - Current national average mortgage rates include: - 30-year fixed: 6.05% - 20-year fixed: 6.12% - 15-year fixed: 5.50% - 5/1 ARM: 6.34% - 7/1 ARM: 6.42% - 30-year VA: 5.54% - 15-year VA: 5.24% - 5/1 VA: 5.18% [5] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, although this is not always the case [3] Market Trends - Recent fluctuations in mortgage rates were influenced by political events, with rates dropping when proposals for home affordability were announced and rising again due to international tensions [17] - Despite recent increases, 30-year mortgage rates remain approximately half a point lower than they were a year ago [17]

Core Insights - The average 30-year fixed mortgage rate is currently at 5.90%, remaining under 6% for a week, indicating a potential opportunity for buyers and those looking to refinance [1][18] - Mortgage rates have been gradually decreasing since the end of May, with the 30-year fixed rate previously peaking over 7% in January [20] - Predictions suggest that mortgage rates may not drop significantly in the near future, with expectations of rates around 6.4% through 2026 [19] Current Mortgage Rates - Current national average mortgage rates include: - 30-year fixed: 5.90% - 20-year fixed: 5.84% - 15-year fixed: 5.36% - 5/1 ARM: 6.11% - 7/1 ARM: 6.28% - 30-year VA: 5.48% - 15-year VA: 5.07% - 5/1 VA: 5.17% [5] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, but specific current rates were not detailed in the provided content [3] Market Conditions - The current housing market is more favorable for buyers compared to the previous years, with home prices stabilizing and not spiking as they did during the COVID-19 pandemic [16] - The best time to buy a house is subjective and should align with individual circumstances rather than attempting to time the market [17] Future Rate Expectations - The Mortgage Bankers Association (MBA) forecasts the 30-year mortgage rate to remain near 6.4% through 2026, while Fannie Mae predicts a slight dip to 5.9% in Q4 2026 [19]

Mortgage rates have bounced up from recent lows, but remain under 6%. According to Zillow, the average 30-year fixed rate is 5.93%. Meanwhile, the 15-year fixed home loan rate is 5.40%. Zillow compiles rates from those offered in its lender marketplace. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 5.93% 20-year fixed: 5.86% 15-year fixed: 5.40% 5/1 ARM: 6.26% 7/1 ARM: 6.43% 30-year VA: 5.50% 15-year VA: 5.10% 5/1 VA: 5.11% Re ...

Core Insights - Mortgage rates have fallen below 6% again, with the average 30-year fixed mortgage rate at 5.91% and the 15-year fixed rate at 5.36% [1] - President Trump proposed measures to lower mortgage rates, including a ban on institutional buyers of single-family homes and Fannie Mae and Freddie Mac purchasing billions in mortgage bonds, which positively impacted rates [1] Current Mortgage Rates - The current national average mortgage rates are as follows: 30-year fixed at 5.91%, 20-year fixed at 5.83%, 15-year fixed at 5.36%, 5/1 ARM at 6.17%, and 7/1 ARM at 6.36% [5] - Refinance rates are generally higher than purchase rates, with the latest averages showing a 30-year fixed at 5.99% and a 15-year fixed at 5.43% [6][3] Market Trends - Mortgage rates have been gradually decreasing since the end of May, with the 30-year fixed rate peaking over 7% in January and starting to decline from 6.89% on May 29 [20] - The Mortgage Bankers Association (MBA) forecasts the 30-year mortgage rate to remain near 6.4% through 2026, while Fannie Mae predicts rates above 6% for the next year, potentially dropping to 5.9% in Q4 2026 [19] Buying Considerations - The current housing market is considered relatively favorable for buyers compared to the previous years, as home prices are not spiking like during the COVID-19 pandemic [16] - The best time to buy a house is when it aligns with personal circumstances rather than trying to time the market [17]

Mortgage Rates Overview - The average 30-year fixed mortgage rate is currently 6.01%, while the 15-year fixed rate is at 5.44% [1][18] - Mortgage refinance rates are generally higher than purchase rates, but this is not always the case [3] Current Mortgage Rates - Current national average mortgage rates include: - 30-year fixed: 6.01% - 20-year fixed: 5.95% - 15-year fixed: 5.44% - 5/1 ARM: 6.23% - 7/1 ARM: 6.51% - 30-year VA: 5.52% - 15-year VA: 5.14% - 5/1 VA: 5.22% [5] Market Trends - Mortgage rates have gradually decreased since the end of May, with the 30-year fixed rate peaking over 7% in January [20] - The Mortgage Bankers Association (MBA) forecasts the 30-year mortgage rate to be around 6.4% through 2026, while Fannie Mae predicts it will remain above 6% next year, dropping to 5.9% in Q4 2026 [19] Buying Considerations - The current housing market is considered relatively favorable for buyers compared to the previous years, as home prices are not experiencing the same spikes as during the COVID-19 pandemic [16] - The best time to buy a house is when it aligns with an individual's life stage rather than trying to time the market [17]

Core Insights - Mortgage rates are not responding to the Federal Reserve's recent interest rate cut, with the average 30-year fixed mortgage rate at 6.13% and the 15-year fixed rate at 5.53% [1][18]. Current Mortgage Rates - The current national average mortgage rates include: - 30-year fixed: 6.13% - 20-year fixed: 6.08% - 15-year fixed: 5.53% - 5/1 ARM: 6.24% - 7/1 ARM: 6.31% - 30-year VA: 5.60% - 15-year VA: 5.14% - 5/1 VA: 5.36% [5][6]. Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, with national averages rounded to the nearest hundredth [3]. Market Conditions - The current housing market is considered relatively favorable for buyers compared to previous years, as home prices are not experiencing the same spikes seen during the COVID-19 pandemic [16]. - Economists do not anticipate significant drops in mortgage interest rates before the end of the year, although minor fluctuations may occur [19]. Mortgage Rate Trends - Overall, mortgage rates have gradually decreased, with the 30-year fixed rate currently lower than it was one year ago [20].