Mortgage Interest Rates Dip to New Lows in December 2025
As the Federal Reserve prepares for its final meeting of 2025, mortgage interest rates have reached a new low. According to Zillow, the average conventional 30-year mortgage rate is now 6.12%, while the average 15-year term stands at 5.37%. This marks a slight increase from last week's rates but remains significantly lower than historical averages.
For borrowers looking to refinance their existing mortgages, this could be an opportunity to secure a better interest rate. The average mortgage refinance rate on a 30-year term has fallen to 6.57%, while the average 15-year refi rate is now at 5.50%. While experts recommend waiting for a rate that's a full percentage point lower, even smaller differences may be enough to justify taking action.
With another potential interest rate cut on the horizon, this week could be the perfect time to monitor mortgage rates and prepare for new opportunities. It's been a long time since rates have fallen low enough to make refinancing worthwhile, so homebuyers and owners hoping to take advantage of this trend should start preparing now.
To get an idea of your current mortgage rate offers, use our mortgage refinance tool and explore other lenders' rates to see what else is available. With the Fed's next move expected to bring further reductions in interest rates, it's essential to stay informed and be ready to act when new opportunities arise.
As the Federal Reserve prepares for its final meeting of 2025, mortgage interest rates have reached a new low. According to Zillow, the average conventional 30-year mortgage rate is now 6.12%, while the average 15-year term stands at 5.37%. This marks a slight increase from last week's rates but remains significantly lower than historical averages.
For borrowers looking to refinance their existing mortgages, this could be an opportunity to secure a better interest rate. The average mortgage refinance rate on a 30-year term has fallen to 6.57%, while the average 15-year refi rate is now at 5.50%. While experts recommend waiting for a rate that's a full percentage point lower, even smaller differences may be enough to justify taking action.
With another potential interest rate cut on the horizon, this week could be the perfect time to monitor mortgage rates and prepare for new opportunities. It's been a long time since rates have fallen low enough to make refinancing worthwhile, so homebuyers and owners hoping to take advantage of this trend should start preparing now.
To get an idea of your current mortgage rate offers, use our mortgage refinance tool and explore other lenders' rates to see what else is available. With the Fed's next move expected to bring further reductions in interest rates, it's essential to stay informed and be ready to act when new opportunities arise.
. And what's with this "perfect time" to act business? There's no such thing as a perfect market, folks. Just wait for someone else to make a move and then you jump in... meanwhile, everyone else is getting burned 
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! It's been a while since we've seen such low numbers, so this is a great time for homeowners who want to refinance or even buy a new home. With the Fed planning another rate cut, it's likely that we'll see even more interest rate drops in the coming months. If you're thinking of making a move, now might be the perfect time to shop around and compare rates with different lenders 
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?! for those who havent refinanced their mortgages yet, this could be the perfect time to jump on it! 6.12% is low enough that i think a lot of ppl are gonna start looking into switching up their rate 
I feel you... if u got a mortgage u probably r feeling happy right now lol just kidding but seriously 6.12% is still kinda steep 
hopefully this dip in rates means u can get a better deal soon 
. I mean, 6.12% for a 30-year mortgage? That's like, super cheap compared to what we've seen in the past. And refi rates aren't far behind either. I'm thinking of doing some research myself on how to get the best deal, anyone know any tips? 
Maybe it's time to start comparing those rates and seeing what other lenders are offering?
. It's like a weight has been lifted off people's shoulders who were struggling to make their monthly payments. With the average 30-year mortgage rate at 6.12%, it might not be the best time for first-time homebuyers though, as they'll probably have to deal with higher interest rates. I don't know about anyone else but I've been thinking of taking out a loan to do some renovations in my new place 
. But then again, if you're already a homeowner and want to refinance, now might be the time to do it 
i know some ppl might think this is a good thing for homebuyers but let me ask u, what about those who already own homes? it's gonna get cheaper 2 refinance & that means more ppl will be able 2 take out new loans & buy more houses. it's like the cycle of homeownership gets bigger & more expensive 
i've seen some ppl get super excited about 15-year mortgages tho, like 5.37% is no joke