Mortgage interest rates were mostly up versus last week, according to Bankrate data. The rates for 15-year fixed, 5/1 ARMs, and jumbo loans ticked up, while 30-year fixed rates decreased. Several factors move mortgage rates, some more impactful than others. The Federal Reserve capped off 2024 with a third rate cut, yet mortgage rates have only climbed. The next Fed announcement comes Jan. 29.

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