Mortgage rates for 30-year fixed loans were unchanged, while 15-year fixed rates clicked up a notch and 5/1 ARMs held steady, according to a NerdWallet survey of daily mortgage rates published by national lenders Monday morning.
Domestic race relations took center stage in news coverage this weekend, following violence surrounding a white nationalist rally in Charlottesville, Virginia. With Congress on a late-summer break, and with a lull in the rhetoric between the leaders of the U.S. and North Korea, the bond market seems to be taking a breath.
There is little economic data of consequence scheduled this week, so mortgage rates are likely to resume bobbing in a fractional range, as they have for most of the summer. As always, global events can quickly shatter the calm.
Yields on 10-year Treasurys, a common barometer for the movement of mortgage rates, were slightly higher in early trading today. As a result, lenders opted for minor housekeeping on loan pricing. Still, 30-year fixed loan rates remained below 4% for the fourth day in a row.
MORTGAGE RATES TODAY, MONDAY, AUG. 14:
(Change from 8/11)
30-year fixed: 3.99% APR (NC)
15-year fixed: 3.41% APR (+0.01)
5/1 ARM: 3.86% APR (NC)
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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