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Mortgage Rates Today, Wednesday, April 29: Calm Ahead of Fed Decision

NerdWallet·Abby Badach Doyle·6 months ago
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Mortgage interest rates are barely higher today as the Federal Reserve wraps its two-day meeting this afternoon.

The average interest rate on a 30-year, fixed-rate mortgage rose to 6.13% APR, according to rates provided to NerdWallet by Zillow. This is one basis point higher than yesterday and 13 basis points higher than a week ago. (See our chart below for more specifics.) A basis point is one one-hundredth of a percentage point.

At its April meeting, the Federal Reserve is widely expected to keep its benchmark interest rate the same — a move mortgage markets have largely priced in.…

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