Mortgage Rates Monday, Sept. 11: Higher After Hurricane Irma
Mortgage rates on 30-year and 15-year fixed home loans, as well as 5/1 ARMs, moved higher today, according to a NerdWallet survey of daily mortgage rates published by national lenders Monday morning.
Bond market yields, a mirror for mortgage rate trends, are moving higher today on the hope that Hurricane Irma's initial destruction was less than expected. Still, millions of people are displaced, or at the very least without power. Others have seen their homes destroyed and businesses disrupted.
As with survivors of Hurricane Harvey, homeowners may wonder how such a disaster affects their biggest financial responsibility: their mortgage. A step-by-step guide of whom to contact and answers to frequently asked questions can be found in this NerdWallet home disaster guide .
In the meantime, prospective home buyers are continuing to find favorable mortgage rates, with only relatively minor moves higher today.
MORTGAGE RATES TODAY, MONDAY, SEPT. 11:
(Change from 9/8)
30-year fixed : 3.90% APR ( +0.04 )
15-year fixed : 3.33% APR ( +0.03 )
5/1 ARM : 3.84% APR ( +0.01 )
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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Hal M. Bundrick, CFP is a writer at NerdWallet. Email: email@example.com. Twitter: @halmbundrick.
The article Mortgage Rates Monday, Sept. 11: Higher After Hurricane Irma originally appeared on NerdWallet.
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