Mortgage rates for 30- and 15-year fixed rates, as well as 5/1 ARMs, all eased slightly, according to a NerdWallet survey of mortgage interest rates published by national lenders Friday morning.
A U.S. airstrike against Syria Thursday, combined with today’s domestic jobs report with a headline number falling well below expectations, would seem to be more than enough to spark a solid bond rally. And it did, at least in early morning trading. But before long, the response to both news events became more measured and markets settled into a muted ambivalence.
Mortgage rates barely slipped, as lenders without a firm conviction to a trend decided to delay major repricing decisions. Nevertheless, fixed mortgage rates are clinging to lows last seen in late November 2016, according to the NerdWallet Mortgage Rate Index.
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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.
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The article Mortgage Rates Friday, April 7: Down Slightly Following Jobs Report and Syrian Airstrike originally appeared on NerdWallet.
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