Mortgage Rates Hold Steady as Federal Reserve Meeting Looms.
30-year mortgage rates remain flat while 15-year rates dip slightly ahead of key Fed decision on interest rates.
- Current 30-year fixed mortgage rates average 6.88% for purchases and 6.85% for refinancing.
- 15-year fixed mortgage rates have eased to 6.33% for purchases and 6.30% for refinancing.
- The Federal Reserve is expected to maintain the benchmark rate at 5.25% to 5.50% after its two-day policy meeting.
- Freddie Mac reports minimal changes in mortgage rates, with a slight increase to 6.78% for 30-year fixed terms.
- Economic indicators such as job growth and inflation trends are influencing mortgage rate stability.