Fixed-rate mortgages are at their highest pricing in two weeks. After two days of gains, a survey of national lenders finds mortgage rates mixed early Wednesday. Rates on 30-year and 15-year fixed mortgages are slightly higher than yesterday, while 5/1 ARMs are priced a tick lower.
Rates may be volatile over the next day or so, as bond markets anticipate and react to tomorrow’s vote regarding the United Kingdom’s possibly leaving the European Union.
Homeowners looking to lower their mortgage rate can shop refinance lenders here.
NerdWallet compiles annual percentage rates — lender interest rates plus fees, the most accurate way for consumers to compare rates. Here are the average rates for the most popular loan terms:
Mortgage Rates: June 22, 2016
(Change from 6/21)
30-year fixed: 3.74% APR (+0.01)
15-year fixed: 3.11% APR (+0.01)
5/1 ARM: 3.33% APR (-0.01)
NerdWallet daily mortgage rates are an average of the lowest published APR 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 a more accurate view of the costs a borrower might pay.