Mortgage rates for 30-year fixed loans were unchanged today, while 15-year fixed rates ticked lower and 5/1 ARMs held steady, according to a NerdWallet survey of mortgage interest rates published by national lenders Thursday morning.
Rates on 30-year home loans are hovering a half percentage point lower than their 2017 peak on March 14. After sinking to current levels a week ago, mortgage rates have been content to stay put, clinging near lows not seen since mid-November 2016.
While most analysts expect a Federal Reserve hike in short-term interest rates next month, aspiring home buyers and refinance-worthy owners are enjoying an ample window of low-rate opportunity.
NerdWallet daily mortgage rates are an average of the published annual percentage rate with the lowest points for each loan term offered by a sampling of major national lenders. APR quotes reflect an interest rate plus points, fees and other expenses, providing the most accurate view of the costs a borrower might pay.