These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down further.

After implementing three rate cuts in late 2024, the central bank has opted to keep its benchmark federal funds rate steady at 4.25% to 4.50%. The pause comes as inflation showed signs of stubborn persistence,

The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.

Mortgage rates are up just a couple of basis points since last week, keeping them near their post-Christmas low. Rates on new 30-year fixed-rate loans averaged 6.98% on Friday, as compared to the 4-week low of 6.93%. 15-year loans saw their Friday-to-Friday average rise a more sizable 8 basis points, now up to 6.14%.

Learn how Fed meetings affect mortgage rates and what it means for borrowers. Discover trends, impacts, and expert predictions on mortgage rates.

On Wednesday, the Fed is expected to announce a pause from its rate-cutting path. What does that mean for mortgage rates? If Fed Chair Jerome Powell signals concerns about inflati