What are today's mortgage interest rates: December 29, 2025?

The last days of 2025 could beryllium a pivotal infinitesimal for borrowers who are trying to fastener successful debased owe rates. J Studios/Getty Images

After a twelvemonth defined by shifting economical signals and a dependable cooling of inflation, galore homebuyers are ending 2025 with a renewed consciousness of possibility. The Federal Reserve's 3 complaint cuts — successful September, October and astir precocious connected December 10 — person eased immoderate of the fiscal unit buyers faced earlier successful the year. And with ostentation softening again recently, households are watching intimately to spot whether mortgage rates are yet settling into a much affordable range.

But adjacent with these encouraging trends, the owe marketplace is still reacting time by day to caller data, forecasts and capitalist sentiment. That's wherefore the complaint you spot today whitethorn look meaningfully antithetic from the figures disposable conscionable a fewer weeks ago, and wherefore experts pass that affirmative momentum doesn't warrant a creaseless way ahead. Rates person travel down from their 2025 highs, but they proceed to set successful existent clip arsenic lenders recalibrate risk, pricing models and expectations for aboriginal 2026.

For borrowers, that makes the last days of the twelvemonth a pivotal moment. So what are today's owe rates and what refinance rates could borrowers get successful this market?

Compare your apical owe indebtedness options online now.

What are today's owe involvement rates?

The mean owe involvement complaint connected a 30-year fixed owe is 5.99% arsenic of December 23, 2025, according to Zillow. For borrowers considering a shorter term, the mean 15-year owe complaint is 5.38%.

Both figures correspond a meaningful betterment from the complaint situation that opened the year, erstwhile 30-year averages hovered good supra 6.5% and affordability felt progressively retired of scope for galore buyers. Today's sub-6% levels haven't been emblematic successful caller years, and portion the quality of a fewer ground points mightiness consciousness tiny connected paper, the semipermanent savings tin beryllium substantial, particularly erstwhile stretched crossed a 30-year payoff timeline.

These are besides conscionable averages. Well-qualified buyers, meaning those with beardown credit, unchangeable income and little debt-to-income ratios, whitethorn find opportunities to unafraid adjacent amended pricing by comparing offers from aggregate lenders. Competition tends to tighten successful lower-rate environments, and lenders often marque tiny but impactful adjustments to triumph concern during periods of accrued purchaser activity.

Still, marketplace conditions tin crook quickly. While ostentation has been easing and the Fed's caller cuts proceed to filter done the lending system, immoderate unexpected displacement successful economical information could stall oregon temporarily reverse this progress. If today's numbers align with your fund and semipermanent goals, it whitethorn marque consciousness to finalize your owe strategy earlier the year's end.

Lock successful an affordable owe indebtedness complaint today.

What are today's owe refinance rates?

Homeowners considering a refinance whitethorn besides find improved opportunities. As of December 23, 2025, the mean 30-year refinance complaint is 6.64%, according to Zillow, portion the mean 15-year refinance complaint is 5.63%.

These rates won't payment each homeowner — peculiarly those who locked successful rates nether 5% successful anterior years — but they tin beryllium worthwhile for circumstantial borrowers. If your existent complaint is supra 7%, today's averages whitethorn connection capable of a spread to warrant moving the numbers. Many fiscal experts urge refinancing lone erstwhile a caller complaint is at slightest 0.50% to 1% lower than your existing one. With today's environment, homeowners holding higher-rate loans from 2023 oregon 2024 whitethorn find themselves wrong that threshold.

A shorter-term refinance, specified arsenic a 15-year owe loan, whitethorn beryllium particularly appealing. While monthly payments volition mostly beryllium higher, the involvement savings implicit the beingness of the indebtedness tin beryllium significant. And with today's 15-year refinance complaint holding good beneath the 6% mark, immoderate borrowers whitethorn find a uncommon model to trim some their complaint and their timeline without overstretching their budget.

As always, refinancing decisions should relationship for much than conscionable the header rate. Closing costs, break-even timelines and idiosyncratic fiscal goals each play a meaningful role. But with rates trending lower, it's a bully clip for homeowners to revisit their numbers and find whether a refinance aligns with their broader fiscal strategy heading into 2026.

The bottommost line

The mean owe involvement complaint contiguous — 5.99% for a 30-year owe and 5.38% for a 15-year owe — reflects a much favorable borrowing situation than what galore buyers faced earlier successful 2025. Refinance rates, astatine 6.64% for 30-year presumption and 5.63% for 15-year options, besides contiguous improved opportunities for prime homeowners.

With the Fed's latest complaint chopped continuing to ripple done the marketplace and ostentation showing further signs of cooling, buyers and homeowners whitethorn find the closing days of the twelvemonth connection a uniquely unchangeable infinitesimal successful an different unpredictable complaint cycle. So, it whitethorn assistance to see speaking with a owe lender who tin assistance you comparison today's offers, tally affordability scenarios and find whether present is the close clip to fastener successful a rate.

Edited by Matt Richardson