US EditionWeekly Mortgage Rates Rise; Fed Votes to Freeze Rates
- Mortgage rates have increased this week, with the 30-year fixed-rate averaging 6.8%, up 18 basis points from the previous week.
- The Federal Reserve decided to hold the federal funds rate steady at 4.25%-4.5%, reflecting its need for stronger data before changing policies.
- Chairman Powell highlighted that uncertainty about the economy has risen significantly among households and businesses, although decisions rely on hard data.
- New home construction permits fell by 6.8% last month, indicating fewer homes may become available for buyers in the second half of 2025.
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What to expect from mortgage rates after the Fed meeting
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Weekly Mortgage Rates Rise; Fed Votes to Freeze Rates
Mortgage rates rose this week as lenders steel themselves against a foggy economic future. The Federal Reserve predictably voted to hold the federal funds rate steady during central bankers’ March 19 meeting and spoke of a need for more solid…
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