Mortgage Rates Are Up Again This Week — How Can Home Buyers Cope?

This is the fourth week in a row that mortgage rates have moved up in double-digit increments.

The average rate on a 30-year fixed-rate mortgage rose 15 points to 7.41% APR in the week ending Oct. 8, 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.

Originally published on nerdwallet.com, part of the BLOX Digital Content Exchange.

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