Mortgage Rates Dip to 6.47% as Fed Holds Rates at 3.50-3.75% in Kevin Warsh’s First Meeting and MBA Applications Slip 3.8% After Last Week’s Surge

Mortgage Market Update: 30‑year fixed eases to 6.47% (Freddie Mac, June 18) from 6.52% a week earlier, the Fed under new Chair Kevin Warsh keeps the policy rate at 3.50-3.75%.