If housing industry professionals are looking for an early Christmas gift, they might receive it in the next two weeks if key economic indicators move in the right direction.

At HousingWire’s Mortgage Rates Center on Tuesday, the 30-year conforming rate averaged 6.98%. That was down 4 basis points (bps) from a week ago and the first weekly decline since rates began to climb in early October. Meanwhile, the 15-year conforming rate continued to rise, up 14 bps over the past week to 7.12%.

The Federal Reserve will hold its next meeting in two weeks and the consensus from interest details ⇒

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