These are today's mortgage and refinance rates. Mortgage rates have remained elevated in spite of recent Fed cuts. But they may drop next year.

Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will potential homeowners see mortgage relief.

F or the second time in three months, the Federal Reserve issued a cut to its federal funds rate on Thursday. Now at a range between 4.50% to 4.75%, the rate is down 75 basis poin