Federal Reserve, interest rates
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Feb 10 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday the U.S. central bank faces no urgency to change the setting of interest rates this year amid a “cautiously optimistic” outlook for economic activity.
Today, the mortgage interest rate on a 30-year fixed mortgage is 6.05%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.26%, and the average rate on a 30-year jumbo mortgage is 6.