Mortgage rates today for 30-year fixed loans rose by 1 basis point, while rates for 15-year fixed mortgages and 5/1 ARMs remained unchanged, according to a NerdWallet survey of mortgage rates published by national lenders Monday morning.
After a week of steady declines, mortgage rates started off on a more balanced footing today. Two key economic reports due this week will provide insights on how housing fared in March: housing starts from the U.S. Census Bureau on Thursday and existing-home sales due Friday from the National Association of Realtors. These two reports can influence investors’ confidence in the economy, which plays a key role in how banks determine their mortgage rates.
MORTGAGE RATES TODAY, Monday, APRIL 17:
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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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