These are today's mortgage and refinance rates. Mortgage rates might not drop as much next year if the Fed only lowers rates a couple of times.

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

These are today's mortgage and refinance rates. Mortgage rates went up after last week's Fed meeting, and they may not drop as much in 2025.