Mortgage Rates Experience Slight Increase Amid Economic Policy Adjustments

As the Federal Reserve holds its benchmark interest rate steady, mortgage rates show minor fluctuations across various terms.

30-year mortgage rates see a slight increase to 7.13% from the previous day, still below the recent peak of 7.45%.
15-year mortgage rates rise by 0.125 percentage points, indicating a trend of increasing rates across different mortgage terms.
The Federal Reserve maintains its benchmark interest rate, with potential rate cuts anticipated later in the year to combat inflation.
Mortgage rates remain relatively steady across popular terms, with slight variations in purchase and refinance rates.
The National Association of Realtors announces a settlement that could affect real estate broker commissions, potentially impacting homebuying costs.