What are today's mortgage interest rates: December 16, 2025?

Mortgage involvement rates person declined for overmuch of 2025, creating caller opportunities for some buyers and homeowners looking to refinance. sommart/Getty Images

Monitoring the involvement complaint clime for homebuyers and owners hoping to refinance tin easy go a daily activity. And successful the involvement complaint clime of caller years, it was often a disappointing one. But upon person inspection this year, buyers and owners whitethorn person noticed thing that they haven't seen successful rather immoderate time: Mortgage involvement rates are really declining again.

Down by astir 1 afloat percent point, connected average, for 30-year acquisition terms, rates present person hovered astir 3-year lows for overmuch of the past 3 months. That has been due, successful ample part, to a bid of involvement complaint cuts issued by the Federal Reserve, the latest of which was announced connected December 10. And this could beryllium a motivator for buyers to instrumentality enactment now, heading into 2026. Still, earlier getting started, it helps to cognize the details astir today's owe involvement rates to marque an informed decision.

So, what are today's owe involvement rates exactly, arsenic of December 16, 2025? That's what we'll outline below.

See however debased your existent owe complaint offers are here.

What are today's owe involvement rates?

The mean owe involvement complaint connected a 30-year word remained astatine 6.12% arsenic of December 16, 2025, according to Zillow. The mean complaint connected a 15-year word is 5.37%, offering a imaginable accidental for buyers who don't caput a larger monthly outgo successful speech for an expedited payoff timeline and little involvement costs. 

As for the 30-year term, portion unquestionably higher than what was disposable during the pandemic, this complaint is inactive importantly little than the 7%-plus that was listed for buyers arsenic precocious arsenic January. So, determination whitethorn beryllium a cost-effective accidental for borrowers here, too, particularly considering what they would person been offered astatine earlier points this twelvemonth and successful 2024.

Compare owe rates and lenders online to larn more.

What are today's owe refinance rates?

The mean owe refinance complaint for a 30-year owe is 6.71% arsenic of December 16, 2025, according to Zillow data. The mean refi complaint for a 15-year word is 5.65%. While the 30-year refinance complaint whitethorn beryllium excessively precocious to warrant taking enactment now, the 15-year alternate could beryllium beneficial, particularly for those homeowners with owe rates implicit 7% now. 

Take the time, then, to cipher your imaginable costs. While the shorter timeframe whitethorn effect successful bigger monthly payments, a importantly little involvement complaint could assistance trim immoderate of those costs. Remember, portion the accepted contented supports a refinance to a complaint a afloat percent constituent lower, adjacent 1 half a percent constituent lower whitethorn often connection capable savings to warrant making a move.

The bottommost line

The mean owe involvement complaint connected a 30-year word is 6.12% and 5.37% for a 15-year option, arsenic of December 16, 2025. The mean owe refi complaint connected a 30-year term, meanwhile, is present 6.71% and 5.65% for a 15-year option. But it's important to retrieve that these are conscionable averages, meaning that you tin and apt volition find rates that are adjacent little by buying astir online close now. Take the time, then, to show the owe involvement complaint clime again. You whitethorn beryllium pleasantly amazed astatine what you tin present find.

Edited by Angelica Leicht