Mortgage Rates Today, Wednesday, July 13: Maintaining Recent Gains

Mortgage rates are mostly unchanged Wednesday morning, holding on to recent gains, according to a NerdWallet survey of national lenders.

Thirty-year fixed and 5/1 ARM interest rates have risen steadily since last Friday’s positive jobs report, while the 15-year fixed term has been rangebound for a week.

The NerdWallet Mortgage Rate Index compiles annual percentage rates — lender interest rates plus fees, the most accurate way for consumers to compare rates. Here are today’s average rates for the most popular loan terms:

Purchase Mortgage Rates: July 13, 2016

(Change from 7/12)

30-year fixed: 3.59% APR (NC)

15-year fixed: 2.97% APR (NC)

5/1 ARM: 3.39% APR (+0.01)

Compare mortgage rates

Refinance Mortgage Rates: July 13, 2016

(Change from 7/12)

30-year fixed: 3.66% APR (+0.01)

15-year fixed: 2.98% APR (NC)

5/1 ARM: 3.40% APR (NC)

Homeowners looking to lower their mortgage rate can shop for refinance lenders here.

Wells Fargo, Chase and BOA mortgage rates

Three major components of the NerdWallet Mortgage Rate Index are leading lenders Wells Fargo, Chase and Bank of America. Their current purchase mortgage rates are:

Bank Mortgage Rates 7/13

	30-year fixed	15-year fixed	5/1 ARM
Wells Fargo	3.66% APR	2.98% APR	3.42% APR
Chase	3.35% APR	2.77% APR	3.35% APR
Bank of America	3.56% APR	N/A	3.33% APR

NerdWallet daily mortgage rates are an average of the published APR with the lowest points for each loan term offered by a sampling of major national lenders. Annual percentage rate quotes reflect an interest rate plus points, fees and other expenses, providing the most accurate view of the costs a borrower might pay.

Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email: hal@nerdwallet.com. Twitter: @halmbundrick.