Hindustan Times ·
Mortgage rates today: 30-year rate slips to 7% ahead of Fed decision
US mortgage rates move mostly lower ahead of the Fed decision, with the 30-year fixed rate slipping to 7% and refinance rates remaining mixed.
US mortgage rates moved mostly lower on Wednesday, September 16, as markets waited for the Federal Reserve to finish its two-day rate-setting meeting. The average 30-year fixed mortgage rate slipped to 7.00%, down 2 basis points from Tuesday. According to Zillow’s lender marketplace data.
The 30-year fixed rate is now right at the 7% mark. This rate is widely watched by homebuyers because the 30-year mortgage is one of the most common home-loan options in the US. According to the latest Zillow data cited by Yahoo Finance.