Mortgage rates rise as FOMC inaction adds to uncertainty

Mortgage rates rose for the second consecutive week, with the 30-year fixed up one basis point on average, as yesterday's Federal Open Market Committee decision was expected by the majority of the marketplace.Processing ContentThe move to leave rates unchanged was likely priced into mortgage rates and the benchmarks it uses beforehand. Mortgage pricing is based in part on the 10-year Treasury, as well as spreads with mortgage-backed securities.  How mortgage rates changed this weekThe 30-year FRM averaged ...