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:
(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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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: firstname.lastname@example.org. Twitter: @debbie_kearns.
The article Mortgage Rates Tuesday, March 28: Steady Decline originally appeared on NerdWallet.