Mortgage rates moved in different directions compared to last week, according to Bankrate data. See the table below for a detailed breakdown of how each loan type moved. At the conclusion of its latest meeting on Dec. 18, the Federal Reserve announced another quarter-point rate cut — the third cut in a row. Although the Fed has cut interest rates 100 basis points since September, mortgage rates have only risen, up 0.71 percentage points since September’s low, according to Bankrate data.
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