Young adult man feeling frustrated and confused while looking at his smartphone, holding his glasses, sitting at a table with coffee and laptop in an outdoor cafe

Young adult man feeling frustrated and confused while looking at his smartphone, holding his glasses, sitting at a table with coffee and laptop in an outdoor cafe

Mortgage interest rates improved slightly this week, though that's not much comfort given the state of the world. In truth, it's actually a sign of how negative the economic outlook's becoming.

The average rate on a 30-year fixed-rate mortgage fell to 6.25% APR in the week ending April 9, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.

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

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