Mortgage Rates Friday, April 7: Down Slightly Following Jobs Report and Syrian Airstrike

Mortgage Rates, Mortgages
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Mortgage rates for 30- and 15-year fixed rates, as well as 5/1 ARMs, all eased slightly, according to a NerdWallet survey of mortgage interest rates published by national lenders Friday morning.

A U.S. airstrike against Syria Thursday, combined with today’s domestic jobs report with a headline number falling well below expectations, would seem to be more than enough to spark a solid bond rally. And it did, at least in early morning trading. But before long, the response to both news events became more measured and markets settled into a muted ambivalence.

Mortgage rates barely slipped, as lenders without a firm conviction to a trend decided to delay major repricing decisions. Nevertheless, fixed mortgage rates are clinging to lows last seen in late November 2016, according to the NerdWallet Mortgage Rate Index.


MORTGAGE RATES TODAY, FRIDAY, APRIL 7:

(Change from 4/6)
30-year fixed: 4.19% APR (-0.02)
15-year fixed: 3.59% APR (-0.03)
5/1 ARM: 3.82% APR (-0.01)

» MORE: How much home can you afford?

Homeowners looking to lower their mortgage rate can shop for refinance lenders here.

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.

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Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email: hal@nerdwallet.com. Twitter: @halmbundrick.