The rate for a 30-year fixed-rate mortgage averaged 7.1% this week, up from last week when it averaged 6.88%. A year ago, the 30-year rate was 6.39%. The rate for a 15-year fixed-rate mortgage averaged 6.39%, up from last week when it averaged 6.16%. A year ago, the rate was 5.76%.
FOMC sees ‘lack of further progress’ in reducing inflation
Citing a “lack of further progress” in recent months in dialing back inflation, the FOMC announced that it will maintain...