Mortgage rates are still drifting higher for their fourth straight week, and fresh inflation data suggests home buyers may not see much relief anytime soon.
The average rate on a 30-year fixed-rate mortgage rose four basis points to 6.46% APR in the week ending May 28, 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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