Mortgage rates for 30-year and 15-year fixed loans, as well 5/1 ARMs, all eased lower this morning, according to a NerdWallet survey of mortgage rates published by national lenders early Friday.
Inflation — the slowly rising cost of consumer goods and services — is a primary economic measure watched by the Federal Reserve when making monetary policy decisions. By raising and lowering interest rates, the Fed hopes to keep annual inflation around 2%, while allowing the economy to grow at a healthy pace. Thing is, inflation hasn’t been going much of anywhere lately. This morning, the Labor Department’s Consumer Price Index found that inflation was unchanged in June.
Without growing inflation, the Fed could postpone any additional short-term interest rate hikes this year. While Fed officials don’t like delays, the bond market does. Treasury prices are rising, yields are falling — and lenders will be considering lowering their mortgage rates if the trend continues through the rest of the day.
MORTGAGE RATES TODAY, FRIDAY, JULY 14:
(Change from 7/13)
30-year fixed: 4.11% APR (-0.01)
15-year fixed: 3.48% APR (-0.01)
5/1 ARM: 3.88% APR (-0.02)
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.
Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email: [email protected] Twitter: @halmbundrick.
Get Daily Mortgage Rate Updates
We’ll email you each morning with the latest mortgage news.
- Should be Empty:
The article Mortgage Rates Friday, July 14: Lower on Flat Inflation originally appeared on NerdWallet.
Realty Solutions Group was built around a simple but elusive concept: provide brokers and clients with the highest level of service in the industry through cutting-edge sales, marketing programs and a culture that values innovation, relationships and a strong local focus.
In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
As a locally-owned, independent company, Realty Solutions Group is deeply committed to supporting the communities and clients we serve. We are constantly evolving, but remain focused on that one simple idea behind our founding.
We are a full service brokerage with discounted commissions. We offer no long term listing contracts, a Performance Guarantee, Smart Seller Program and a Communication Guarantee. Contact us today and let us provide you with the very best real estate experience.
Powered by WPeMatico
Table of Contents