These are today's mortgage and refinance rates. Mortgage rates are starting the year elevated, but they're expected to go down throughout 2025.

Since 2020, home prices have increased more than 40%. And while home price growth has since slowed, it's still up 5.1% on an annual basis. Prices are expected to increase by just under 2% in 2025, said Selma Hepp, chief economist at Core Logic.

These are today's mortgage and refinance rates. Mortgage rates remain elevated as investors look ahead to how the economy could trend this year.