Talking Points

  • The average rate on the 30-year, fixed-rate mortgage went up one basis point, the 15-year fixed rose two basis points, and the 5/1 ARM dropped one basis point, according to a NerdWallet survey of daily mortgage rates published by national lenders Monday.
  • The 30-year fixed is the same as it was a week ago and eight basis points lower than one year ago.
  • A holiday-shortened week means the likely absence of economic reports that have the power to move mortgage rates much in either direction.