Mortgage Rates Rebound to 5.23% Ahead of Fed Meeting

MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.

Estimated reading time: 0 minutes, 19 seconds

Sunday, Jun 12 2022

Written by The Mortgage Leader

U.S. long-term mortgage rates have bounced higher in the week before the next Federal Reserve meeting. So reports CBS.

The 30-year fixed-rate mortgage averaged 5.23% for the week ending June 9, up from 5.09% the previous week, according to Freddie Mac.

Economists project another half-point rate hike in the Fed’s main borrowing rate at policymakers’ June 14-15 meeting.

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