Mortgage rates appear to have plateaued after several weeks of steady downward movement.

On Tuesday, 30-year conforming rates were at 6.79% and 15-year conforming rates were at 6.58%, according to HousingWire’s Mortgage Rates Center. The 30-year rate is unchanged from a week ago while the 15-year rate has risen by 12 basis points.

The Federal Reserve is finishing up its two-day meeting on Wednesday and is widely expected to keep benchmark rates unchanged from their current level of 4.25% to 4.5%. This would mark a second straight meeting with no changes after the Fed trimmed 100 basis points in details ⇒

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