These are today's mortgage and refinance rates. Mortgage rates went up after last week's Fed meeting, and they may only ease a little bit in 2025.

After surging to a five-month high before the holiday, 30-year mortgages held steady Thursday. Rate movement was mixed across other loan types.

Despite an interest rate cut in early December, mortgage rates continue to rise. The average rate for a 30-year mortgage just increased to 6.85%, the highest since July.

These are today's mortgage and refinance rates. Mortgage rates remain elevated and they may not drop as much as expected next year.

This week's increase marked the highest level on the 30-year loan since mid-July, when the rate was 6.89%, according to mortgage buyer Freddie Mac data.

The housing market will end the year with its highest 30-year mortgage rate since July at 6.85%, according to data from Freddie Mac.