Mortgage Rates Tuesday, May 23: Barely Budging From 2017 Lows

Home Affordability, Mortgage Rates, Mortgages
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Mortgage rates for 30-year fixed loans held steady, 15-year fixed rates slipped a notch, and 5/1 ARM rates were unchanged, according to a NerdWallet survey of mortgage rates published by national lenders Tuesday morning.

Perhaps Wall Street traders decided to get out of town while President Trump travels overseas. Even considering last week’s abrupt one-day equities sell-off, the stock and bond markets have been mostly tame. Volatility, a measure of how much stock prices move higher or lower, remains well below the historical average.

All of which is good news for home buyers. Mortgage rates, still near 2017 lows, aren’t moving much.

MORTGAGE RATES TODAY, TUESDAY, MAY 23:

(Change from 5/22)
30-year fixed: 4.08% APR (NC)
15-year fixed: 3.44% APR (-0.01)
5/1 ARM: 3.81% APR (NC)

» 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.

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