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Mortgage Rates Wednesday, Sept. 6: Still Sliding; Applications Up

Mortgage rates for 30-year fixed-rate home loans fell by two basis points, the 15-year fixed dropped by three basis points and the 5/1 ARM fell by one, according to a NerdWallet survey of daily mortgage rates published by national lenders Wednesday morning.

As recently as Aug. 25, the average rate on the 30-year fixed was 4% APR, and it has remained below 4% in the days since.

The decline in rates has been met by an upward tick in mortgage applications. Applications were up 3.3% in the week ending Sept. 1 compared with the previous week, according to the Mortgage Bankers Association. Refinancers accounted for 50.9% of applicants, the highest share since January 2017. And applications from home buyers were 5% higher than at this time last year.

MORTGAGE RATES TODAY, WEDNESDAY, SEPT. 6:

(Change from 9/5)

30-year fixed : 3.89% APR ( -0.02 )

15-year fixed : 3.30% APR ( -0.03 )

5/1 ARM : 3.83% APR ( -0.01 )

Get personalized mortgage rates

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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Holden Lewis is a writer at NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL.

The article Mortgage Rates Wednesday, Sept. 6: Still Sliding; Applications Up originally appeared on NerdWallet.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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