Long-Term Mortgage Rates Edge Higher, Snapping Slide
This week, Freddie Mac reported a slight increase on the average rate on a 30-year mortgage, to 6.62% from 6.61%.
Federal Reserve Minutes Show Officials Cautious About Rate Cuts
Minutes from the Fed’s December meeting show officials felt the economic outlook was uncertain and further hikes were still “possible.”
Redfin: Homebuyers’ Monthly Payments Drop to Lowest Level in Nearly a Year
Redfin reported a $372 drop in U.S. mortgage payments during the four weeks ending Dec. 31.
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