Mortgage rates increased today, with 30-year fixed rates at 6.12% and 15-year fixed rates at 5.63%. Refinance rates are also up, averaging 6.24% for 30-year fixed. Use a mortgage calculator to see how different rates affect monthly payments. Economists don’t anticipate significant rate drops before 2025, with slight decreases in 2026 possible.

Read more at Yahoo Finance: Rising bond yields nudge home loan rates slightly higher