Browsing: Friday

The dynamic we’ve seen most of this week of investors losing confidence in big tech and turning to bonds is in full effect this morning. A pretty significant slump for the tech sector yesterday is showing up as a sizable drop in mortgage rates today. We’re still above 7%, but this is the lowest our…

The average interest rate on a 30-year, fixed-rate mortgage rose to 7.35% APR, according to rates provided to NerdWallet by Zillow. This is three basis points higher than yesterday but six basis points lower than a week ago. (See our chart below for more specifics.) A basis point is one one-hundredth of a percentage point.