Mortgage rates for 30-year fixed loans increased by two basis points, while 15-year fixed loans fell by one basis point and 5/1 ARMs remained unchanged, according to a NerdWallet survey of today’s mortgage interest rates published by national lenders Tuesday morning.
There is little happening in the markets at the moment to cause much movement in mortgage rates today. There are some economic reports due later this week that rates may respond to, but for now, those in the market for a home are enjoying relatively stable rates.
MORTGAGE RATES TODAY, TUESDAY, JUNE 20:
(Change from 6/19)
30-year fixed: 4.04% APR (+0.02)
15-year fixed: 3.42% APR (-0.01)
5/1 ARM: 3.85% APR (NC)
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.
Emily Starbuck Crone is a staff writer at NerdWallet, a personal finance website. Email: [email protected]
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The article Mortgage Rates Tuesday, June 20: Remaining Relatively Stable originally appeared on NerdWallet.
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