Mortgage Rates on May 3, 2023: Rates Climb Higher
[ad_1] Ahead of today’s Federal Reserve meeting, a number of benchmark mortgage rates inched higher. The average 15-year fixed and 30-year fixed mortgage rates both climbed higher. For variable rates, the 5/1 adjustable-rate mortgage also ticked up. The Federal Reserve announced a 25-basis point increase to its benchmark short-term interest rate on May 3. Today’s …
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