Rates on 30-year new purchase loans have been bobbing around the 6.5% mark for two weeks, and ended last week essentially flat. Other loan types also held close to steady Friday.

Mortgage rates have jumped, despite the Federal Reserve cut interest rates by a half-point last month. For homebuyers, the ever-shifting rate environment can foster uncertainty: Is it better to wait for mortgage rates to fall,

Most outstanding mortgages have a 6% or lower rate, which creates a " lock-in effect " for many current owners who don't want to swap a low rate for a higher one. This could limit homeowners’ willingness to sell, slowing or stalling the housing market.

Mortgage rates rose for the third week in a row as the U.S. economy continued to show signs of strength. The 30-year mortgage rate jumped to the highest level since mid-August, averaging 6.44% as of Oct.

Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.

Related: Dave Ramsey explains how your mortgage is key to early retirement. If Kamala Harris wins, mortgage rates are expected to stabilize or even fall due to her proposed home-b

On September 18, the Federal Reserve kicked off the cutting cycle by reducing overnight rates by 50 basis points. Since then, mortgage rates have gone higher. This is not obviously an intuitive thing to happen.

The Fed announced first rate cut in a long time last month, but the mortgage rates have continued to rise. Why is this? Here's why.

Freddie Mac reports the 30-year fixed mortgage rate averaged 6.44% for the week ending Oct. 17 — up from 6.32% last week.