What are today's mortgage interest rates: December 16, 2025?
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TL;DR
- Mortgage interest rates have declined significantly in 2025, hovering around 3-year lows.
- The Federal Reserve's interest rate cuts are a primary reason for this decline.
- As of December 16, 2025, the average 30-year mortgage rate is 6.12%, and the 15-year rate is 5.37%.
- Average refinance rates for a 30-year mortgage are 6.71%, and for a 15-year term, they are 5.65%.
- Homeowners with rates over 7% may find the 15-year refinance option beneficial.
- Shopping around online can help find rates even lower than the stated averages.