What are today's mortgage interest rates: December 18, 2025?
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TL;DR
- Mortgage interest rates are considerably lower at the end of 2025 compared to the start of the year.
- The Federal Reserve's December 10th rate cut, following reductions in September and October, has lowered the overall interest rate climate.
- As of December 18, 2025, the average 30-year mortgage rate is 5.99%, and the average 15-year mortgage rate is 5.37%.
- Both rates are under 6%, which is considered a rarity compared to recent years.
- Qualified borrowers may find even lower rates by shopping online.
- The average 30-year mortgage refinance rate is 6.69%, and the average 15-year refinance rate is 5.74% as of December 1, 2025.
- Homeowners with rates over 7% may find refinancing advantageous, particularly with 15-year terms meeting recommended thresholds.
- It is advisable for interested parties to crunch numbers and consult with a mortgage lender.