The average rate on a 30-year fixed-rate mortgage dropped seven basis points to 6.79%, according to rates provided to NerdWallet by Zillow. A basis point is one-one hundredth of a percentage point.
home and mortgage expert at NerdWallet. "When rates dropped, buyers acted quickly — making successful offers in September and closing in October." Many would-be buyers and sellers are holding ...
"the overall level of mortgage rates is set by market forces," said NerdWallet. Specifically, the following factors affect how high — or low — mortgage rates are at a given time: The Federal ...