Weekly Mortgage Rates Dip; Fed Rate Hike Unlikely After Jobs Data

Mortgage rates fell a little this week, as mixed economic data makes the Federal Reserve’s decision-making a little trickier.

The average 30-year mortgage rate fell five basis points to 6.28% APR. A basis point is one one-hundredth of a percentage point, and we calculate our weekly average using daily APRs provided by Zillow over the past five business days.

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

Recommended for you