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Mortgage Rates Fluctuate: Weekly Update.

1 min read
Source: Investopedia
TL;DR

The 30-year fixed-rate mortgage average has dropped to its lowest level since mid-May, while the four jumbo loan averages remained unchanged. Refinancing rates moved in line with new purchase rates, with the gap between the 30-year new purchase and refi averages currently at 27 basis points. The Federal Reserve has paused rate hikes, keeping the fed funds rate at the current range of 5.00% to 5.25%, with a possibility of one or two more rate hikes this year.

Topics:businessfinance#30-year-fixed-rate#federal-reserve#finance#jumbo-loans#mortgage-rates#refinancing
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  1. 30-Year Mortgage Average Dips to Lowest Level in Five Weeks  Investopedia
  2. Here Are Today's Mortgage Rates on June 22, 2023: Rates Decreased  CNET
  3. Mortgage demand bumps up 0.5% despite a drop in mortgage rates  CNBC Television
  4. Mortgage rates fall for third week in a row  MarketWatch
  5. Mortgage Rates Inch Back Up  Investopedia

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