Mortgage Rates Today: 30-Year Rate Near 6.3% After Fed Hold, Refinancing Hopes Fade
U.S. 30-year mortgage rates hovered at 6.3% Wednesday after the Federal Reserve kept its benchmark rate steady. Mortgage applications fell 10.9% last week, with refinancing down 19%, according to the Mortgage Bankers Association. Pending home sales rose 1.8% in February, but analysts say refinancing optimism has faded. Housing stocks slipped after the Fed meeting.