Long-term mortgage costs have risen since the Federal Reserve started cutting interest rates in September as the yield curve has steepened.

Mortgage rates reached their highest level since July, but it didn’t deter homebuyers as purchase applications increased.

The 30-year fixed mortgages in this week’s survey had an average total of 0.27 discount and origination points. Discount points are a way for you to reduce your mortgage rate, while origination points are fees lenders charge to create,

To better understand the future direction of mortgage rates, we need to understand what factors influence them.

The average 30-year mortgage rate remains high despite the Federal Reserve again dropping its key interest rate.