Mortgage rates were in a holding pattern it seems as markets awaited the Federal Open Market Committee's decision due out later today.

Freddie Mac reported 30-year fixed mortgage rates were unchanged at 3.55% while 15-year rates slipped just one basis point to 2.85%. On the adjustable side, 5/1 hybrid ARMs were three basis points lower to 2.72%, while one-year rates held at a record low 2.61%.

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