Mortgage Rates Today, Tuesday, Sept. 13: Lower on Fed Comments

Mortgage Rates, Mortgages
You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money.

Thirty-year and 15-year fixed mortgage rates, as well as 5/1 ARM rates, are all lower Tuesday, according to a NerdWallet survey of mortgage rates published by national lenders this morning.

Mortgage rates, particularly on 30-year fixed home loans, reversed course after three straight days of rising sharply. A speech by Federal Reserve Governor Lael Brainard, saying that the case for a short-term rate hike was “less compelling,” caused bond yields — and mortgage rates — to dip.

Second chance for rejected mortgage loan applicants

For aspiring homeowners who have been turned down for a home loan, there may be a second chance. A web-based application called HLP.guru, developed by mortgage lender Ditech Financial, will enroll rejected borrowers in a program designed to help make them approval worthy.

“Ditech wants to help make homeownership possible for as many Americans as we can,” Laura Reichel, Ditech senior vice president, said in a news release Monday. “By offering access to HLP.guru, potential homebuyers can get the tools and guidance needed to make that dream easier to reach.”

The service will pair would-be borrowers with nonprofit housing counselors, who provide assistance on how to become qualified for a mortgage. The program will be offered free to about 2,000 prospective owners over the next six months.


The NerdWallet Mortgage Rate Index compiles annual percentage rates — lender interest rates plus fees, the most accurate way for consumers to compare rates. Here are today’s average rates for the most popular loan terms:

Mortgage Rates: Sept. 13, 2016

(Change from 9/12)

30-year fixed: 3.68% APR (-0.02)

15-year fixed: 3.10% APR (-0.02)

5/1 ARM: 3.53% APR (-0.04)


Homeowners looking to lower their mortgage rate can shop for refinance lenders here.

NerdWallet daily mortgage rates are an average of the published APR with the lowest points for each loan term offered by a sampling of major national lenders. Annual percentage rate quotes reflect an interest rate plus points, fees and other expenses, providing the most accurate view of the costs a borrower might pay.

More from NerdWallet
Compare online mortgage refinance lenders
Compare mortgage refinance rates
Find a mortgage broker

Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email: hal@nerdwallet.com. Twitter: @halmbundrick