Mortgage rates for 30-year and 15-year fixed home loans, as well as 5/1 ARM rates, moved a notch higher today, according to a NerdWallet survey of mortgage interest rates published by national lenders Friday morning.
Fixed mortgages rates are wobbling near six-month lows, according to the NerdWallet Mortgage Rate Index.
Wall Street has a short memory. Worries on Wednesday can turn to fearlessness on Friday. And that’s just what happened this week. President Trump’s political troubles sent traders into a stock sell-off mode Wednesday — but yesterday, all was forgotten. Stocks recovered, and were adding to their gains at the market’s open today.
Meanwhile, the bond market is a bit more stoic. Only small changes have been noted to 10-year Treasury yields, which often mirror mortgage rate trends.
MORTGAGE RATES TODAY, FRIDAY, MAY 19:
» 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.