Mortgage rates remained steady at around 6.8% this week, despite improving inflation metrics. The average 30-year fixed-rate mortgage was 6.82% for the week ending April 4, according to Freddie Mac. This is a slight increase from the previous week's average of 6.79%. The Federal Reserve has indicated that it will not lower interest rates until there are clear signs of inflation moving towards its 2% target rate.
Fed Chair Jerome Powell stated that the plan to lower interest rates is still in place, but the central bank will closely monitor inflation and other economic indicators
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