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The average rate on a 30-year fixed-rate mortgage dropped one basis point, the rate for the 15-year fell one basis point and the rate for the 5/1 ARM slipped one basis point, too, according to a NerdWallet survey of daily mortgage rates published Tuesday by national lenders. A basis point is one one-hundredth of one percent.
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ContentsMultiple mortgage refinance30-year fixed-rate mortgage averagedFha loan ratesFinance web site nerdwallet Mortgage rates fell significantly yesterday, extending a reaction to the Federal Reserve’s announcement and press conference from Wednesday. The Fed was essentially much more concerned with risks.
On Friday, Aug. 16, 2019, the average rate on a 30-year fixed-rate mortgage fell seven basis points to 3.94%, the rate on the 15-year fixed dropped nine basis points to 3.44% and the rate on the 5.
However, even borrowers who compared multiple lenders to get more favorable fees and lower mortgage interest rates. appeared on NerdWallet. Support real journalism. Support local journalism.
NerdWallet is a USA TODAY. Mortgage Rates and Market Data – Mortgage News Daily – Mortgage rates have generally been moving sideways for the past 2 weeks. This has accomplished a twofold goal of coming to terms with the strong gains seen in May as well as preparing for tomorrow.