Browsing: Rates

On Wednesday, Oct. 28, the Federal Reserve announced that central bankers would leave the federal funds rate unchanged. Since this was in line with market expectations, mortgage rates shouldn’t have much of a reaction — yet.

The average interest rate on a 30-year, fixed-rate mortgage remains flat at 7.20% APR, according to rates provided to NerdWallet by Zillow. This is unchanged from yesterday and four 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.

Mortgage rates have been creeping higher since Monday, but it hasn’t been a dramatic shift. For now, rates appear to be heading back to roughly where they were last week, before a flurry of anxiety over AI profits prompted investors to pile into the bond market. Making matters worse, rates aren’t rising because concerns about…

Mortgage rates eased downward a little this week, but they’re still firmly north of 7%.

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…

A one basis point change is essentially no change, so while I could technically say mortgage rates went up this morning, realistically, rates are stable.

Mortgage interest rates are a smidge higher this morning as Wall Street regains some of its confidence in tech.

Mortgage rates are starting off this week with a nice drop, though the likely reason for the fall could be a little anxiety-inducing.

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.

The average rate on a 30-year fixed-rate mortgage dropped seven basis points to 7.34% APR in the week ending Oct. 15, according to rates provided to NerdWallet by Zillow. (A basis point is one one-hundredth of a percentage point.) We calculate our weekly average using daily APRs recorded over the past five business days.