Mortgage and Refinancing Rates Today: July 2, 2022
Fixed prices slowly retreated after their recent rally. But the average 30-year fixed-rate mortgage rate remains above 5%, causing the pandemic-induced home buying growth to slow dramatically. In mid-June, it was Federal Reserve Raise the federal funds rate by 75 basis points, or 0.75 percentage points. Mortgage rates are not directly affected by the federal … Read more