These are today's mortgage and refinance rates. Mortgage rates have inched up near 6% in response to expectations of smaller Fed cuts this year.

When investors buy more Treasury bonds, their yields typically fall. Lenders often use these Treasury rates as a benchmark for setting mortgage rates. Mortgage rates tend to follow suit when Treasury rates drop due to global events — potentially making borrowing more affordable.

The Federal Reserve cut interest rates, then standard 30-year mortgage rates went up. It’s a warning that lower rates from here are not a foregone conclusion.

These are today's mortgage and refinance rates. Mortgage rates have been higher in October thanks to unexpectedly strong labor market data.

The rate on a 30-year fixed refinance dropped today. The current 30-year, fixed-rate mortgage refinance rate is averaging 6.83%, according to Curinos, while 15-year, fixed-rate refinance mortgages average of 5.