Mortgage rates nudge higher as markets stay jittery

Mortgage rates rose again in the first full week following the Federal Open Market Committee's decision not to reduce rates during its January meeting.Processing ContentFollowing the meeting, Pres. Trump nominated Kevin Warsh, a former Fed governor, to replace Jerome Powell as chairman. Warsh is seen by the markets as someone who is more accommodating to the President's desire to lower short-term rates. The 30-year fixed-rate mortgage rose one basis point from the prior week to 6.11% on Feb. 5, the Freddie ...