This is a news story, published by CNBC, that relates primarily to The Federal Reserve news.
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rate mortgagesCNBC
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75% Informative
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances — $ 766,550 or less — increased to 6.81% from 6.73% .
Applications for a mortgage to purchase a home decreased 5% for the week .
Applications to refinance a home loan, which are most sensitive to weekly rate moves, fell 19% .
The Federal Reserve will announce its latest rate decision on Thursday .
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