The average rate on the 30-year fixed-rate mortgage  rose two basis points, the 15-year fixed-rate dropped one basis point,  and  the 5/1 ARM was unchanged, according to a NerdWallet survey of daily mortgage

The average rate on the 30-year fixed-rate mortgage  rose two basis points, the 15-year fixed-rate dropped one basis point,  and  the 5/1 ARM was unchanged, according to a NerdWallet survey of daily mortgage rates published by national lenders Wednesday.

The 30-year fixed-rate mortgage is  one basis point lower than one week ago, and  13 basis points lower than one  year ago. A basis point is one one-hundredth of one percent.

Mortgage rates are one  factor  to consider when comparing mortgage offers. Fees are another. Mortgage closing costs " the fees for title insurance, settlement services, appraisals, transfer taxes, recording fees, inspections and land surveys "  averaged $4,876 nationwide this year, according to ClosingCorp, an information provider for the mortgage industry.

The three most expensive counties in ClosingCorp's survey were Kings County, New York (Brooklyn), where closing costs averaged $13,388; the District of Columbia, at $12,573, and Queens, New York, $12,476.

The least expensive metros were the Indiana cities of Muncie ($2,785), Marion ($2,813) and Kokomo  ($2,831).

MORTGAGE RATES TODAY, WEDNESDAY, NOV. 22:

(Change from 11/21)
30-year fixed: 4.09% APR (+0.02)
15-year fixed: 3.64% APR  (-0.01)
5/1 ARM: 4.09% APR (NC)

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NerdWallet daily mortgage rates are an average of the published annual percentage rate  with the lowest points for each loan term offered  by a sampling of major national lenders. APR quotes reflect an interest rate plus points, fees and other expenses, providing  the most accurate view of the costs  a borrower might pay.

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Holden Lewis is a writer at NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL.