Weekly mortgage rates continued to simmer last week, as markets wait in suspense ahead of the White House’s August 1 tariff deadline. The average 30-year fixed-rate mortgage rose one basis point to 6.85% the week ending July 24, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.
Rates are basically exactly where they were at the end of June — and there’s not much hope they’ll be significantly different by August.