These are today's mortgage and refinance rates. Mortgage rates are up this week, and until we get a Fed cut, they're likely to remain elevated.

The 30-year fixed-rate mortgage fell 5 basis points, as economic data indicated weakness in the U.S. economy due to the Trump administration’s continued tariffs on imported goods.

When the Fed adjusts its benchmark interest rate, interest rates on savings accounts and short-term loan vehicles follow quickly. Long-term rates like mortgages, however, take their cues from the broader economic outlook and fiscal indicators rather than directly from policymakers' moves.