Mortgage Rates: 30-Year Up, 15-Year Down
Rates on 30-year mortgages ticked up to 6.24% from 6.22% last week, while 15-year rates averaged 5.49%, down from 5.5% last week, Freddie Mac said.
Housing Programs to Resume After Spending Deal
Federal housing programs are starting again after the shutdown ended, restoring FHA, VA, USDA and NFIP activity. Closings may still see delays due to backlogs.
Future of a December Rate Cut Unclear
Inflation, missing economic data and signs that companies plan to raise prices are raising doubts about whether the Fed will move forward with another rate cut.