Mortgage and refinance rates increased after the Federal Reserve announced a pause from rate cuts. The 30-year fixed mortgage rate rose to 6.00%, while the 15-year rate dropped to 5.45%. Current mortgage rates include 30-year fixed at 6.00%, 20-year fixed at 5.84%, and 15-year fixed at 5.45%. For refinance, rates are slightly higher, with 30-year fixed at 6.10% and 15-year fixed at 5.62%. Factors affecting mortgage rates include the economy and lender criteria, such as credit score and debt-to-income ratio. When refinancing, aim for a rate 1-2% lower than your current rate for maximum benefit.

Read more at Yahoo Finance: A move higher after the Fed rate pause