General World News

Mortgage rates tick up ahead of FOMC meeting

Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month.

The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an increase from last week’s figure of 6.60%, according to Freddie Mac’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.96% this week, up from 5.76% during the prior week. And HousingWire’s Mortgage Rates Center showed that Optimal Blue’s average 30-year fixed rate for conventional loans was 6.713% on Thursday, up from 6.709% at the same time details ⇒

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