Mortgage Rates Monday, July 31: Little Change

Finding the Right Mortgage, Mortgage Rates, Mortgages

Mortgage rates for 30-year fixed and 15-year fixed loans fell by one basis each today, while 5/1 ARMs held steady, according to a NerdWallet survey of daily mortgage rates published by national lenders Monday morning.

All seems calm at the moment for the mortgage market, which isn’t all that uncommon for the summer months. With the futures market predicting only a 50/50 chance the Fed will raise rates by December, it will be up to the economy and/or global events to rile the markets.

The impact of the latest U.S.-Russia diplomatic skirmish is still waiting to be felt, and the Federal Reserve still contemplating when to start lightening the load of mortgage and Treasury bonds on its balance sheet. As a result, the market is stuck in a holding pattern, and for now, that’s all good for the American mortgage borrower.

MORTGAGE RATES TODAY, Monday, JULY 31:

(Change from 7/28)
30-year fixed: 4.05% APR (-0.01)
15-year fixed: 3.45% APR (-0.01)
5/1 ARM: 3.88% 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.

Emily Starbuck Crone is a staff writer at NerdWallet, a personal finance website. Email: emily.crone@nerdwallet.com.