Mortgage rates remained stable this week as the personal consumption expenditures (PCE) inflation report matched economists’ expectations. 

As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.17% on Tuesday, up from 7.16% one week earlier. At the same time one year ago, the 30-year fixed rate averaged 6.5%. Meanwhile, the 15-year fixed rate averaged 6.43% on Tuesday, down from 6.51% one week earlier.

“We had the PCE inflation report come out Friday and because some people were expecting a hotter number details ⇒

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