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…