Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.
Mortgage rates are up slightly this week as investors wait for an indication from the Federal Reserve on whether it will continue hiking rates this year.
Markets largely expect the Fed to announce another 25-basis-point hike to the federal funds rate later this afternoon, and this expectation has already been baked into current mortgage rates. But commentary from Fed officials following the meeting will give investors a clearer picture of where the central bank sees the economy trending in the coming months, and how that could impact future rate decisions.