09/16/2026
Federal Reserve announces quarter-point rate hike:
The committee cited inflation as the deciding factor in determining that it would increase the federal funds rate. Signals another increase this year.
Mortgage rates are up 106 bps year-over-year
The average 30-year fixed mortgage rate today: 7.19%
Same day last year: 6.13%
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10-year Treasury yield today: 4.96%