diff --git a/rest_framework/serializers.py b/rest_framework/serializers.py
index a4b51ae9d..b1c34b92a 100644
--- a/rest_framework/serializers.py
+++ b/rest_framework/serializers.py
@@ -1010,7 +1010,9 @@ class ModelSerializer(Serializer):
                 continue
 
             extra_field_kwargs = extra_kwargs.get(field_name, {})
-            source = extra_field_kwargs.get('source', '*') != '*' or field_name
+            source = extra_field_kwargs.get('source', '*')
+            if source == '*':
+                source = field_name
 
             # Determine the serializer field class and keyword arguments.
             field_class, field_kwargs = self.build_field(
diff --git a/tests/test_model_serializer.py b/tests/test_model_serializer.py
index ba3edd389..ce054f695 100644
--- a/tests/test_model_serializer.py
+++ b/tests/test_model_serializer.py
@@ -557,6 +557,39 @@ class TestRelationalFieldMappings(TestCase):
         self.maxDiff = None
         self.assertEqual(unicode_repr(TestSerializer()), expected)
 
+    def test_nested_hyperlinked_relations_named_source(self):
+        class TestSerializer(serializers.HyperlinkedModelSerializer):
+            class Meta:
+                model = RelationalModel
+                depth = 1
+                fields = '__all__'
+
+                extra_kwargs = {
+                    'url': {
+                        'source': 'url'
+                    }}
+
+        expected = dedent("""
+            TestSerializer():
+                url = HyperlinkedIdentityField(source='url', view_name='relationalmodel-detail')
+                foreign_key = NestedSerializer(read_only=True):
+                    url = HyperlinkedIdentityField(view_name='foreignkeytargetmodel-detail')
+                    name = CharField(max_length=100)
+                one_to_one = NestedSerializer(read_only=True):
+                    url = HyperlinkedIdentityField(view_name='onetoonetargetmodel-detail')
+                    name = CharField(max_length=100)
+                many_to_many = NestedSerializer(many=True, read_only=True):
+                    url = HyperlinkedIdentityField(view_name='manytomanytargetmodel-detail')
+                    name = CharField(max_length=100)
+                through = NestedSerializer(many=True, read_only=True):
+                    url = HyperlinkedIdentityField(view_name='throughtargetmodel-detail')
+                    name = CharField(max_length=100)
+        """)
+        self.maxDiff = None
+        self.assertEqual(unicode_repr(TestSerializer()), expected)
+
+
+
     def test_nested_unique_together_relations(self):
         class TestSerializer(serializers.HyperlinkedModelSerializer):
             class Meta: