If you were hoping to score a bargain mortgage rate, this is probably not your week.
The average rate on a 30-year fixed-rate mortgage climbed eight basis points to 6.47% in the week ending July 16, 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.
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