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Mortgage Rates Wednesday, April 5: Taking a Turn Higher

Mortgage Rates, Mortgages
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Mortgage rates reversed course today as 30- and 15-year fixed home loans, as well as 5/1 ARMs, all moved slightly higher, according to a NerdWallet survey of mortgage interest rates published by national lenders Wednesday morning.

The bond market has been making small moves in either direction this week, as large-money managers fine-tune their portfolios. Friday’s U.S. employment report is likely to be the next driver for interest rates. If we see strong employment data from the report, interest rates could move higher on Friday and into next week as a result.


(Change from 4/4)
30-year fixed: 4.25% APR (+0.03)
15-year fixed: 3.65% APR (+0.03)
5/1 ARM: 3.83% APR (+0.02)

» 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: Twitter: @halmbundrick.