diff --git a/compiler/packages/babel-plugin-react-compiler/src/Inference/InferReferenceEffects.ts b/compiler/packages/babel-plugin-react-compiler/src/Inference/InferReferenceEffects.ts
index d1546038edcbe..3dc532c87d6ea 100644
--- a/compiler/packages/babel-plugin-react-compiler/src/Inference/InferReferenceEffects.ts
+++ b/compiler/packages/babel-plugin-react-compiler/src/Inference/InferReferenceEffects.ts
@@ -37,7 +37,7 @@ import {
 import {FunctionSignature} from '../HIR/ObjectShape';
 import {
   printIdentifier,
-  printMixedHIR,
+  printInstructionValue,
   printPlace,
   printSourceLocation,
 } from '../HIR/PrintHIR';
@@ -669,7 +669,14 @@ class InferenceState {
     }
     for (const [value, kind] of this.#values) {
       const id = identify(value);
-      result.values[id] = {kind, value: printMixedHIR(value)};
+      result.values[id] = {
+        abstract: {
+          kind: kind.kind,
+          context: [...kind.context].map(printPlace),
+          reason: [...kind.reason],
+        },
+        value: printInstructionValue(value),
+      };
     }
     for (const [variable, values] of this.#variables) {
       result.variables[`$${variable}`] = [...values].map(identify);
@@ -1844,11 +1851,11 @@ function getContextRefOperand(
 ): Array<Place> {
   const result = [];
   for (const place of eachInstructionValueOperand(instrValue)) {
-    if (
-      state.isDefined(place) &&
-      state.kind(place).kind === ValueKind.Context
-    ) {
-      result.push(place);
+    if (state.isDefined(place)) {
+      const kind = state.kind(place);
+      if (kind.kind === ValueKind.Context) {
+        result.push(...kind.context);
+      }
     }
   }
   return result;
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/error.invalid-use-effect-function-mutates-ref.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/error.invalid-use-effect-function-mutates-ref.expect.md
new file mode 100644
index 0000000000000..b3f1104239938
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/error.invalid-use-effect-function-mutates-ref.expect.md
@@ -0,0 +1,48 @@
+
+## Input
+
+```javascript
+// @validateNoFreezingKnownMutableFunctions
+
+import {useCallback, useEffect, useRef} from 'react';
+import {useHook} from 'shared-runtime';
+
+function Component() {
+  const params = useHook();
+  const update = useCallback(
+    partialParams => {
+      const nextParams = {
+        ...params,
+        ...partialParams,
+      };
+      nextParams.param = 'value';
+      console.log(nextParams);
+    },
+    [params]
+  );
+  const ref = useRef(null);
+  useEffect(() => {
+    if (ref.current === null) {
+      update();
+    }
+  }, [update]);
+
+  return 'ok';
+}
+
+```
+
+
+## Error
+
+```
+  12 |         ...partialParams,
+  13 |       };
+> 14 |       nextParams.param = 'value';
+     |       ^^^^^^^^^^ InvalidReact: Mutating a value returned from a function whose return value should not be mutated. Found mutation of `params` (14:14)
+  15 |       console.log(nextParams);
+  16 |     },
+  17 |     [params]
+```
+          
+      
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/error.invalid-use-effect-function-mutates-ref.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/error.invalid-use-effect-function-mutates-ref.js
new file mode 100644
index 0000000000000..2e8b7827d09d9
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/error.invalid-use-effect-function-mutates-ref.js
@@ -0,0 +1,27 @@
+// @validateNoFreezingKnownMutableFunctions
+
+import {useCallback, useEffect, useRef} from 'react';
+import {useHook} from 'shared-runtime';
+
+function Component() {
+  const params = useHook();
+  const update = useCallback(
+    partialParams => {
+      const nextParams = {
+        ...params,
+        ...partialParams,
+      };
+      nextParams.param = 'value';
+      console.log(nextParams);
+    },
+    [params]
+  );
+  const ref = useRef(null);
+  useEffect(() => {
+    if (ref.current === null) {
+      update();
+    }
+  }, [update]);
+
+  return 'ok';
+}