HAL M. BUNDRICK, CFP |nerdwallet.com
April 4, 2017 Mortgage Rates, Mortgages
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Mortgage rates moved lower again today as 30- and 15-year fixed home loans, as well as 5/1 ARMs, all fell, according to a NerdWallet survey of current mortgage rates published by national lenders Tuesday morning.
Without major news or economic reports to account for the move, analysts are attributing the interest rate decline to beginning-of-the-month institutional portfolio rebalancing. Traders buying bonds in large volume drove prices up — which caused yields to fall.
Fixed-rate mortgages are at their lowest point since the week of Nov. 21, 2016, according to the NerdWallet Mortgage Rate Index.
MORTGAGE RATES: TUESDAY, APRIL 4:
(Change from 4/3)
30-year fixed: 4.22% APR (-0.07)
15-year fixed: 3.62% APR (-0.04)
5/1 ARM: 3.81% APR (-0.02)