Thirty-year fixed mortgage refinance rates are slightly lower Tuesday, while 15-year fixed refinance rates are unchanged and 5/1 ARM refinance rates inched higher, according to survey of national lenders by NerdWallet.
NerdWallet 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 mortgage refinance terms:
Refinance Mortgage Rates: July 19, 2016
(Change from 7/18)
30-year fixed: 3.69% APR (-0.01)
15-year fixed: 3.06% APR (NC)
5/1 ARM: 3.45% APR (+0.01)
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.