Thirty-year fixed mortgage rates were unchanged, 15-year fixed rates were higher and 5/1 ARM rates fell slightly Thursday, according to a NerdWallet survey of mortgage rates published by national lenders this morning.

“This week the 10-year Treasury yield continued its climb as an increasing number of financial market participants foresee a December rate hike after a series of positive economic data releases,” Sean Becketti, chief economist for Freddie Mac, said in a news release. “The 30-year fixed-rate mortgage moved up 5 basis points [0.05%] to 3.47% in this week’s survey, the first increase in one month.”

Mortgage Rates Today,
Thursday, Oct. 13

(Change from 10/12)
30-year fixed: 3.71% APR (NC)
15-year fixed: 3.11% APR (+0.02)
5/1 ARM: 3.62% APR (-0.01)

Foreclosure crisis ends

After years of steady improvement, the national home foreclosure crisis has finally ended. Foreclosure filings in September were down 13% from the previous month and were 24% lower from one year ago. It is the lowest level of foreclosure activity since December 2005, according to Attom Data Solutions.

“While we’ve known that the national foreclosure problem has been dying a long, slow death for quite some time, the final nail in the coffin of the foreclosure crisis is the year-over-year decrease in the average foreclosure timeline nationwide that we saw in Q3 2016 — the first time that’s happened since we began tracking foreclosure timelines in Q1 2007,” Daren Blomquist, senior vice president at ATTOM Data Solutions, said in an analysis.

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

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.

The article Mortgage Rates Today, Thursday, Oct. 13: Holding Recent Highs; Foreclosure Crisis Finally Ends originally appeared on NerdWallet.