• Skip to main navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Realty Solutions Group

Service Beyond Expectations

SearchClose

Mortgage Rates Monday, Feb. 27: Holding Near 2017 Lows

Thirty-year and 15-year fixed rates, as well as 5/1 ARM rates, are all mostly unchanged today, according to a NerdWallet survey of current mortgage rates published by national lenders Monday morning.

After retreating for five of the past six days, fixed-rate mortgages are holding close to 2017 lows. Adjustable-rate loans have barely moved for weeks, according to the NerdWallet Mortgage Rate Index.


Mortgage Rates Today, Monday, Feb. 27:

(Change from 2/24)
30-year fixed: 4.27% APR (NC)
15-year fixed: 3.65% APR (-0.01)
5/1 ARM: 3.80% APR (NC)

Get personalized mortgage rates

New home sales disappointing

Existing-home sales have been robust, but new home sales have been anything but. Friday’s report, issued by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, found new home sales up 3.7% in January over December — well below expectations.

“While the numbers do mark the best start for the year since 2008, this slow pace indicates a clear problem to growth, given how far we are into an economic recovery,” Jonathan Smoke, chief economist for Realtor.com, said in a news release. “Mortgage rates aren’t to blame, since they remain historically attractive and have been relatively stable since the end of 2016.”

Smoke says builders are facing the same challenges that have held back construction for years: regulatory burdens, labor shortages and a lack of financing.

» MORE: Calculate your monthly mortgage payment

“Those reasons are partly why new homes cost 37% more than existing homes, based on differences in median prices, and that difference is keeping the new home market from growing to take advantage of strong demand,” Smoke adds.

While buying new can mean avoiding the fierce competition for the limited supply of existing homes, it comes at a higher price — and perhaps more important, often a long wait.

“Lots of people don’t have that option,” Smoke says.

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 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.

More from NerdWallet
Compare online mortgage refinance lenders
How much home can you afford?
Shop mortgage refinance rates

Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email: [email protected]. Twitter: @halmbundrick.

Mortgage Rate Newsletter

Get daily mortgage rate updates delivered straight to your inbox!

  • Should be Empty:

The article Mortgage Rates Monday, Feb. 27: Holding Near 2017 Lows 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

    • Mortgage Rates Today, Monday, Feb. 27:
  • New home sales disappointing
  • Mortgage Rate Newsletter

Post navigation

« Mortgage Rates Wednesday, March 1: Sharply Higher as Dow Tops 21,000
Are You 1 of the 59 Million Planning to Buy This Year? »
Search for:

Recent Posts

  • The One Thing Every Homeowner Needs To Know About a Recession May 19, 2022
  • How Homeownership Can Bring You Joy May 18, 2022
  • Why Rising Mortgage Rates Push Buyers off the Fence May 17, 2022
  • If You’re a Homeowner, You Have Incredible Leverage When You Sell Today May 16, 2022
  • Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC] May 13, 2022

Recent Comments

    Archives

    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • February 2016
    • 0

    Categories

    • Baby Boomers
    • Buying Myths
    • Demographics
    • Distressed Properties
    • Down Payments
    • First Time Home Buyers
    • For Buyers
    • For Sellers
    • Foreclosures
    • FSBOs
    • Gen Z
    • Generation X
    • Holidays
    • Housing Market Updates
    • Infographics
    • Interest Rates
    • Luxury Market
    • Millennials
    • Move-Up Buyers
    • New Construction
    • Pricing
    • Rent vs. Buy
    • Selling Myths
    • Senior Market
    • Short Sales
    • Time-sensitive
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Search for:

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Go to mobile version