These are today's mortgage and refinance rates. Mortgage rates went up after last week's Fed meeting, and they may only ease a little bit in 2025.

The Bank of Canada (BOC) has implemented a series of policy interest rate cuts since June 2024. In the last quarter of 2023, the policy interest rate, also called the target overnight rate, was set at 5%. A year later, the BOC cut the policy interest rate by 175 basis points to 3.25%.

Mortgage rates ended 2024 with a bang – but not the kind that’s good for borrowers. And for anyone in the market for a home – or a refinance – 2025 may not be much kinder. In the week ending Dec. 26,

Interest rates for 30-year mortgages reached a five-month high. The asking price — $200 million for the land alone — is more than what Bezos paid for any of his three properties on the island. Unfortunately,