1 of 1
Story summary
- Federal Reserve raised its key interest rate, its first increase in three years.
- 30-year fixed-rate mortgage climbed to 6.95% from 6.76%, the highest in over 19 months, per Freddie Mac.
- 15-year fixed-rate mortgage rose to 6.26% from 6.09%, up from 5.41% a year earlier.
- Fed signaled a possible further rate hike later this year, which could keep mortgage rates above 7%.