Mortgage Rates Tuesday, March 28: Steady Decline

Mortgage Rates, Mortgages
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Mortgage rates today for 30- and 15-year fixed loans dropped by 2 basis points, while 5/1 ARMs fell by 1 basis point, according to a NerdWallet survey of mortgage rates published by national lenders Tuesday morning.

The 30-year fixed, 15-year fixed and the 5/1 ARM are continuing a downward slide after hitting peak levels in mid-March, NerdWallet’s analysis shows. The 30-year fixed rate hasn’t been this low since Feb. 27.


MORTGAGE RATES TODAY, TueSDAY, MARCH 28:

(Change from 3/27)
30-year fixed: 4.27% APR (-0.02)
15-year fixed: 3.67% APR (-0.02)
5/1 ARM: 3.83% APR (-0.01)

 

» MORE: How much home can you afford?

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

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.

Deborah Kearns is a staff writer at NerdWallet, a personal finance website. Email: dkearns@nerdwallet.com. Twitter: @debbie_kearns.