Mortgage rates are unlikely to see major drops any time soon, as economic markets wait to see what comes of the Trump administration’s sweeping actions. So, knowing that there may not be better deals to hold out for, should you refinance now?

Wednesday, pushing the average to a two-week high. Rates moved higher for almost every other loan type as well.

Mortgage rates went up this week because of an unexpected resurgence of inflation.The average rate on the 30-year fixed-rate mortgage rose three basis points, to 6.84%, in the week ending

While Freddie Mac's weekly survey showed 30-year rates falling, other indicators paint a mixed picture for mortgage lenders and borrowers.