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:
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: [email protected]