Mortgage interest rates basically treaded water this week, waiting for a big market mover to make a splash. Spoiler alert: Expect that to happen tomorrow.
But first, this week: The average rate on a 30-year fixed-rate mortgage rose three basis points to 6.62% the week ending Sept. 4, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.
Friday brings the Bureau of Labor Statistics' Employment Situation, better known as the jobs report. The jobs report is often significant for mortgage rates , since half of the Federal Reserve's dual mandate is a goal of 'maximum employment.' (That doesn't mean everyone has a job; it just means the job market is functioning well.) But the August numbers coming Friday are especially anticipated bec