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Mortgage Rates Dip in Hope of War’s End

NerdWallet·Kate Wood·25 days ago
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SOME CARD INFO MAY BE OUTDATED This page includes information about these cards, currently unavailable on NerdWallet. The information has been collected by NerdWallet and has not been provided or reviewed by the card issuer. If you've seen contradictory headlines about mortgage interest rates today, that's because rates are in an unusual spot. Where rates have been, where they are right now, and where they could go are three separate, but related, stories. Let's start with where rates have been. The average rate on a 30-year fixed-rate mortgage rose 13 basis points to 6.24% APR in the week ending May 7, 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 last five business days. But if we're looking at where rates are now, day-over-day we saw a significant drop as markets reacted to the potential for an end to the war in Iran.…

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