Federal Open Market Committee

Mortgage Rates Hold Steady Despite Modest Uptick in Treasury Yield

Catherine KohJune 26, 2025June 26, 202502 mins

Average mortgage rates were flat in June, according to Freddie Mac. The average 30-year fixed-rate mortgage held at 6.82%, while the 15-year stayed at 5.95%. Compared to a year ago, the 30-year rate is down 10 basis points (bps), and the 15-year rate is 24 bps lower. The 10-year Treasury yield, a benchmark for long-term…

Fed Holds Rates Constant; Sees One Cut for 2024

Robert DietzJune 12, 2024June 12, 202407 mins

The Federal Reserve’s monetary policy committee held constant the federal funds rate at a top target of 5.5% at the conclusion of its June meeting. In its statement, the Federal Open Market Committee (FOMC) noted: Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and…