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Mortgage Rates Thursday, June 8: Lingering at 2017 Lows

June 8, 2017
Finding the Right Mortgage, Mortgage Rates, Mortgages
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Mortgage rates for 30-year fixed loans were lower, while 15-year fixed and 5/1 ARMs held firm today, according to a NerdWallet survey of current mortgage rates published by national lenders Thursday morning.

Without major economic reports scheduled, today’s testimony before the Senate Intelligence Committee of former FBI Director James B. Comey may be the only catalyst to move mortgage rates. Any surprise result from the general election in the United Kingdom could also be a rate mover.

The stock and bond markets were mostly unchanged as trading opened this morning.

Fixed-rate mortgages are lingering at 2017 lows, as lenders made only minor adjustments to their loan pricing early Thursday. Thirty-year loans slipped below 4% for the first time since Nov. 10, 2016, according to the NerdWallet Mortgage Rate Index.


(Change from 6/7)
30-year fixed: 3.99% APR (-0.02)
15-year fixed: 3.39% APR (NC)
5/1 ARM: 3.83% 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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Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email: [email protected] Twitter: @halmbundrick.