Advertiser Disclosure

Mortgage Rates Thursday, Aug. 3: Jobless Claims and Rates Move Lower

Aug. 3, 2017
Finding the Right Mortgage, Mortgage Rates, Mortgages
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

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

Today, the U.S. Department of Labor reported a reduction in the number of weekly jobless claims. There were 240,000 claims for the week ending July 29, a decrease of 5,000 claims from the week prior, it said. The four-week moving average fell to 241,750, which is 2,500 fewer claims from last week’s average. 

These figures point to a strong labor market, which may help keep the Federal Reserve on track to announce a reduction to its bond portfolio next month.

MORTGAGE RATES TODAY, THURsday, Aug. 3:

(Change from 8/2)
30-year fixed: 4.01% APR (-0.02)
15-year fixed: 3.43% 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.

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