Mortgage rates rose this week, as concerns about inflation — and predictions for what the Federal Reserve might do about it — firmed up.
The average rate on a 30-year fixed-rate mortgage rose 11 points to 6.68% APR in the week ending Sept. 3, 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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