Mortgage rates for 30-year fixed loans and 5/1 ARMs held firm, while 15-year fixed loans slipped by one basis point, according to a NerdWallet survey of mortgage interest rates published by national lenders Monday morning.
Mortgage rates showed some minor volatility in the middle of last week, but by Friday, fixed-rate loans had leveled off, finishing the week only a few basis points from where they began. Adjustable-rate loans remained quite stable throughout the week.
With no economic reports on the calendar today to significantly move mortgage rates in one direction or the other, rates are starting the week off on a steady note and should continue that way throughout the day. In the coming days, however, there are several economic reports due out that will provide a gauge of the health of the housing market. These reports could have some influence on how rates shake out the rest of the week. But for now, home buyers and refinancing homeowners are benefiting from a calm rate environment.
MORTGAGE RATES TODAY, MONDAY, JUNE 19:
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: firstname.lastname@example.org.