Mortgage interest rates are a smidge higher this morning as Wall Street regains some of its confidence in tech.

The average interest rate on a 30-year, fixed-rate mortgage rose to 7.23% APR, according to rates provided to NerdWallet by Zillow. This is three basis points higher than yesterday but seven 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 been moving lower as investor concerns about AI profits suddenly made bonds seem more appealing. Increased demand drove bond prices up and yields down, which also pulled down mortgage rates. How does any of that work, and how the heck are these things even related?…