Mortgage rates remained flat this week ahead of the next meeting of the Federal Open Market Committee (FOMC). 

HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.07% on Tuesday, down from 7.08% one week earlier. At the same time one year ago, the 30-year fixed rate averaged 6.69%. Meanwhile, the 15-year fixed rate averaged 6.5% on Tuesday, up from 6.46% one week earlier.

Also on Tuesday, the 10-year Treasury yield dropped to 4.3%.

“Everyone awaits the Fed’s meeting as the 10-year yield is at a critical level,” HousingWire lead details ⇒

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