The rate for a 30-year fixed-rate mortgage averaged 7.22% this week, up from last week when it averaged 7.17%. A year ago, the 30-year rate was 6.39%. The rate for a 15-year fixed-rate mortgage averaged 6.47%, up from last week when it averaged 6.44%. A year ago, the rate was 5.76%.
A monetary policy matrix
A visualization of the Federal Open Market Committee’s choices.