After a recent surge to their most expensive level since early July, 30-year mortgages ticked down Friday. Rates for most other loans were down or flat.

These are today's mortgage and refinance rates. Mortgage rates rose this month thanks to new projections from the Fed showing fewer rate cuts in 2025.

In remarks at a postmeeting press conference on Wednesday, Fed Chair Jerome Powell said that policymakers are now equally attuned to risks from both sides of the mandate, and would proceed cautiously with future rate cuts to avoid reigniting rapid inflation.

U.S. mortgage rates jumped again this week as the New Year beckons. That's the word from Freddie Mac, which released its latest data. Freddie Mac reports the 30-year fixed mortgage rate averaged 6.85% for the week ending Dec.

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