Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets.

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week’s 6.78%. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time. The 15-year fixed-rate mortgage also rose this details ⇒

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