Mortgage Rates Slightly Lower This Week While Jobs Data Portends a Rise

Thoughtful serious woman freelancer working from home look at screen of laptop. Busy remote accountant examines financials. Frustrated female feel upset with obtained job results. Job search online.

Mortgage rates eased up a bit this week, as markets are no longer panicking at each new development — or social media post — related to the Iran war. The conflict is still exerting a huge influence on rates, though lately the daily ups and downs have mostly canceled each other out.

The average rate on a 30-year fixed-rate mortgage fell eight basis points to 6.37% APR in the week ending June 5, 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.

Recommended for you