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 final Fed rate cut of 2024 is here. Here’s everything you need to know about how the latest reduction will impact mortgage interest rates. Fox Money is a personal finance hub featuring content generated by Credible Operations,

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.

"If there are blanket higher tariffs on all goods crossing the border, then there will be higher inflation. If there are tariffs on a few select products, which are done in phases spread over many years, then there will be less upward pressure on inflation. It also depends on how much and how fast U.S. factory production can ramp up," Yun says.

The Fed's December rate decision reflects growing confidence in the economy's trajectory and the continued moderation of inflation pressures, despite an uptick in the inflation rate over the last few months.

One such critic is Mark Calabria, the former head of the Federal Housing Finance Agency that has acted as conservator of the GSEs since 2008. In an interview with Reason 's Christian Britschgi, he argues that Fannie and Freddie do little to expand homeownership.

On Wednesday, the Federal Reserve announced its third interest rate cut of 2024. When the Fed pivoted to cutting interest rates this fall because of cooler inflation, many prospective homebuyers thought mortgage rates would immediately come down.

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