In the statement following the November Fed meeting, the committee noted that the “cumulative tightening” would be considered when making policy decisions. Rather, investors have had more time to digest the results of last week’s Fed meeting. And while election uncertainty isn’t helping rates, it’s not the biggest driver of this week’s increases. The fixed rate for a 30-year home mortgage picked back up this week, climbing to 7.08% according to data from Freddie Mac, as Americans continue to await results from the 2022 elections with the balance of power not yet revealed in both the Senate and the House. What Happened to Mortgage Rates This Week: Freddie Mac Mortgage Rates – November 10, 2022
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