A one basis point change is essentially no change, so while I could technically say mortgage rates went up this morning, realistically, rates are stable.

The average interest rate on a 30-year, fixed-rate mortgage rose to 7.24% APR, according to rates provided to NerdWallet by Zillow. This is one basis point higher than yesterday but eight basis points lower than a week ago. (See our chart below for more specifics.) A basis point is one one-hundredth of a percentage point.

Mortgage rates had slid notably lower thanks to shifts in the bond market. Doubts about whether tech firms' profits can cover AI buildout sent some wary investors looking to bonds as a proverbial safe harbor.…