The Federal Reserve might still cut interest rates again in January. But mortgage rates barely budged after the Dec. 10 move by the central bank to trim its benchmark rate by a quarter-point. “It’s a reminder that mortgage rates don’t follow Fed cuts directly, and they respond to broader expectations around inflation, employment and long-term economic strength,” says Samir Dedhia, CEO of One Real Mortgage. As of Dec. 17, the average 30-year mortgage rate was 6.30%, according to Bankrate’s weekly lender ...