While voters flock to the polls today to cast their ballots for the next president, mortgage rates inched up ever so slightly. Thirty-year fixed rates stayed the same again, but 15-year fixed loans and 5/1 ARM rates both increased by one basis point on Tuesday, according to a NerdWallet survey of mortgage rates published by national lenders this morning.

(Change from 11/7)
30-year fixed: 3.75% APR (NC)
15-year fixed: 3.14% APR (+0.01)
5/1 ARM: 3.59% APR (+0.01) 

For the third month in a row, consumers expressed waning confidence about buying a home, according to the Fannie Mae Home Purchase Sentiment Index, or HPSI. The index, which summarizes attitudes toward homebuying from Fannie Mae’s National Housing Survey, dipped 1.1 points to 81.7 in October.

Four of the six components that comprise the HPSI fell during the month, particularly among people reporting “significantly higher incomes” over the past year, Fannie Mae found.

The main question is: What exactly about housing is troubling Americans? For starters, they’re worried about home affordability; the net share of survey respondents who expect home prices to rise fell 3 percentage points. Also, consumers who expect mortgage rates to fall and those who feel they have job stability each dropped by 1 percentage point in October, Fannie Mae said.

Conversely, people who said the current housing market is ideal for buying and selling a home increased 2 and 4 net points, respectively, according to the HPSI.

“Recent erosion in sentiment likely reflects, in part, enhanced uncertainty facing consumers today,” Doug Duncan, senior vice president and chief economist at Fannie Mae, said in a news release. “Since July, more consumers, on net, have steadily expected mortgage rates to rise and home price appreciation to moderate.

“Furthermore, consumers’ perception of their income over the past year deteriorated sharply in October to the worst showing since early 2013, weighing on the index. However, this component of the HPSI is volatile from month to month, and the firming trend in wage gains from the October jobs report, if sustained, may foreshadow an improving view in the near future.”

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.

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

The article Mortgage Rates Today, Tuesday, Nov. 8: Consumers Pessimistic About Buying a Home originally appeared on NerdWallet.