Mortgage rates rose slightly in last week’s holiday-shortened week.
Eariler this week, the Federal Reserve released the minutes from its 2-day meeting which ended August 1, 2012. Since the release, mortgage rates have dropped.
Breaking down the FOMC’s August 1 statement.
The FOMC meets today for the fifth time this year. Mortgage rates will be volatile for the next few days. Make sure to have a plan.