Mortgage rates have remained relatively stable in the past few days amid political turbulence, as the U.S. Congress has struggled to pass proposals to fund the government and end the shutdown, now in its seventh day.

On Tuesday, HousingWire’s Mortgage Rates Center, which tracks locked loans, showed that 30-year conforming loan locks averaged 6.38%—four basis points (bps) higher than a week ago but unchanged over the past five days. Jumbo 30-year rates rose 5 bps compared to the prior week to 6.29%, while FHA 30-year loans remained up 1 bps to 6.2%.

Government shutdowns can influence mortgage details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com