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Mortgage Rates Tuesday, March 28: Steady Decline

Mortgage rates today for30- and 15-year fixed loans dropped by 2basis points, while 5/1 ARMs fell by 1 basis point, according to a NerdWalletsurvey of mortgage rates published by national lenders Tuesdaymorning.

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:

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(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)

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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 ratewith the lowest points for each loan term offeredby a sampling of major national lenders. APR quotes reflect an interest rate plus points, fees and other expenses, providingthe most accurate view of the costsa borrower might pay.

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

The article Mortgage Rates Tuesday, March 28: Steady Decline originally appeared on NerdWallet.