Mortgage Rates Thursday, Aug. 10: 30-Year Loans Below 4%

Finding the Right Mortgage, Mortgage Rates, Mortgages
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Mortgage rates for 30-year fixed loans held firm, while 15-year fixed rates slipped a notch and 5/1 ARMs were unchanged, according to a NerdWallet survey of daily mortgage rates published by national lenders Thursday morning.

The war of words between the U.S. and North Korea is causing the bond market to rally. As verbal volleys bounce back and forth between the nations, traders are retreating from stocks and fortifying their positions in government securities. As bond prices rise, yields fall — and mortgage rates follow.

Today, lenders are cautiously repricing lower or standing pat on their rates.

So far this year, 30-year fixed mortgage rates have dipped below 4% on only two days prior to this week, as measured by the NerdWallet Mortgage Rate Index. This is the third sub-4% stretch, and it’s now two days running.

Of course, not all lenders are offering 30-year fixed rates below 4%, so it pays to shop around. And your rate and terms will depend on your credit qualifications.

MORTGAGE RATES TODAY, THURSDAY, AUG. 10:

(Change from 8/9)
30-year fixed: 3.99% APR (NC)
15-year fixed: 3.41% APR (-0.01)
5/1 ARM: 3.87% 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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