General World News

Mortgage rates increase ahead of Fed’s meeting

Mortgage rates are trending up ahead of the Federal Reserve’s meeting next week, with the FOMC expected to increase the federal funds rate.

Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed mortgage rate increased to 6.43% as of April 27, up four basis points from last week and 133 basis points from this time last year, when rates averaged 5.10%. The PMMS focuses on conventional, conforming loans for borrowers who put 20% down and have excellent credit.  

“The 30-year fixed-rate mortgage increased modestly for the second straight week, details ⇒

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