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Mortgage Rates Today, Tuesday, May 5: A Little Higher

NerdWallet·Kate Wood·28 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SOME CARD INFO MAY BE OUTDATED This page includes information about these cards, currently unavailable on NerdWallet.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. Escalating tensions in Iran have markets rattled and mortgage rates back on the rise, though today's rates are only a little bit higher than yesterday. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.29% APR, according to rates provided to NerdWallet by Zillow. This is two basis points higher than yesterday and seven basis points higher than a week ago. (See our chart below for more specifics.) A basis point is one one-hundredth of a percentage point. If you want to better understand what's contributing to rising mortgage rates, keep reading below the chart. Average mortgage rates, last 30 days 📉 When will mortgage rates drop?…

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