Uncategorized

Mortgage rates are lower today following the closure of the bond markets for Memorial Day weekend. The average interest rate on a 30-year, fixed-rate mortgage dropped to 6.46% APR, according to rates provided to NerdWallet by Zillow. This is 13 basis points lower than yesterday but six basis points higher than a week ago. (See…

Mortgage rates are a lot like spring weather, changing just frequently enough to keep you checking the forecast. At least for now, rate trends feel less like a thunderstorm and more like a stubborn spring drizzle. The average rate on a 30-year fixed-rate mortgage rose 17 basis points to 6.42% APR in the week ending…