General World News

Mortgage rates stabilize prior to Fed’s meeting

Mortgage rates remained flat this week ahead of the next meeting of the Federal Open Market Committee (FOMC). 

HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.07% on Tuesday, down from 7.08% one week earlier. At the same time one year ago, the 30-year fixed rate averaged 6.69%. Meanwhile, the 15-year fixed rate averaged 6.5% on Tuesday, up from 6.46% one week earlier.

Also on Tuesday, the 10-year Treasury yield dropped to 4.3%.

“Everyone awaits the Fed’s meeting as the 10-year yield is at a critical level,” HousingWire lead details ⇒

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