Long-term mortgage costs have risen since the Federal Reserve started cutting interest rates in September as the yield curve has steepened.

Interest rates are going down — but aspiring homeowners waiting for lower mortgage rates aren’t feeling relief.

The 30-year fixed mortgages in this week’s survey had an average total of 0.27 discount and origination points. Discount points are a way for you to reduce your mortgage rate, while origination points are fees lenders charge to create,

The average 30-year mortgage rate remains high despite the Federal Reserve again dropping its key interest rate.