Mortgage Rates Jump Higher as Markets Prepared for FOMC Outcome

Mortgage Rates Jump Higher as Markets Prepared for FOMC Outcome

Mortgage Rates Jump Higher as Markets Prepared for FOMC Outcome

Freddie Mac Mortgage Rates—Dec. 19, 2024 What happened to mortgage rates this week The Freddie Mac rate for a 30-year mortgage moved 12 basis points higher this week, to 6.72%, as markets prepared for [Wednesday’s Fed meeting](https://www.realtor.com/research/federal-reserve-december-2024-meeting/). The Federal Reserve’s Open Market Committee cut the Federal Funds rate 25 basis points, falling in line with
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