Mortgage rates held steady ahead of this afternoon’s Fed statement. The Federal Reserve will wrap up its two-day meeting and issue a policy statement at about 2:00 PM. Fed Chairwoman Janet Yellen will hold a press conference at 2:30. No rate changes are expected, but investors will be watching closely for clues about the timing of future increases. In economic news, May Industrial Production fell by 0.4% below the consensus forecast for a decline of 0.2%. The Producer Price Index (PPI) rose 0.4%, slightly above expectations. Core PPI, which excludes volatile food and energy components, increased 0.3%. An increase of 0.2% had been expected. No other key data will be released today.