Weekly Mortgage Rates Rise for 6th Straight Week
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You could illustrate the dictionary definition of "bummer" with a graph of recent mortgage rates.
The 30-year fixed-rate mortgage has now climbed for six weeks in a row. It averaged 6.75% in the week ending Oct. 31, according to rates provided to NerdWallet by Zillow. That's up 15 basis points from the previous week, and up 86 basis points compared to six weeks ago. A basis point is one-one hundredth of a percentage point.
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