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The latest updates on mortgage rates today reveal a slight uptick following the recent trends in interest rates. As of December 10, 2025, the average 30-year fixed-rate mortgage has risen to 6.14%, indicating a small shift upwards from previous weeks.
Current Mortgage Rate Overview
According to recent analyses, including data from Zillow, the current mortgage rates today are:
- 30-year fixed: 6.14%
- 20-year fixed: 6.03%
- 15-year fixed: 5.53%
- 5/1 ARM: 6.19%
- 7/1 ARM: 6.30%
- 30-year VA: 5.56%
- 15-year VA: 5.16%
- 5/1 VA: 5.45%
These rates represent national averages and can fluctuate based on various factors, including lender policies and individual borrower profiles.
Refinancing Trends
As part of the evolving mortgage landscape, refinancing options are gaining traction. Current refinance rates for December 2025 show these averages:
- 30-year fixed refinance: 6.22%
- 20-year fixed refinance: 6.18%
- 15-year fixed refinance: 5.68%
- 5/1 ARM refinance: 6.59%
- 7/1 ARM refinance: 6.93%
- 30-year VA refinance: 5.72%
- 15-year VA refinance: 5.47%
- 5/1 VA refinance: 5.42%
It’s essential for homeowners to evaluate these rates, especially if they consider buying or refinancing before the year ends.
Factors Influencing Rates
The upward movement in mortgage rates today is attributed to various economic factors. Most prominently, the yield on the 10-year Treasury note has been fluctuating, which typically influences long-term mortgage rates. Analysts suggest that unless there are significant economic changes, mortgage rates may stabilize in this range heading into early 2026.
Advice for Borrowers
For prospective homebuyers or those looking to refinance, monitoring the housing market and corresponding interest rates is advisable. Here are a few tips to consider:
- Evaluate your credit score and debt-to-income ratio before applying.
- Compare lenders to find competitive rates that align with your financial goals.
- Consider the advantages of fixed versus adjustable-rate mortgages based on your housing timeline.
- Consult with a financial advisor to navigate options and potential savings effectively.
The mortgage industry remains fluid, and staying informed on mortgage rates today plays a critical role for anyone engaged in the housing market. The expected announcements from the Federal Reserve regarding short-term interest rates might further indicate trends for mortgage rates in early 2026.
FAQ about Mortgage Rates Today
What is the average 30-year mortgage rate today?
The current average 30-year mortgage rate is 6.14% according to recent data.
Are mortgage rates expected to decrease soon?
Forecasts suggest that mortgage rates will remain stable in their current range in the short term with no sudden decreases anticipated.
What can affect my mortgage rate?
Factors such as your credit score, debt-to-income ratio, and the overall economic landscape can influence your mortgage rate.
How do I get the best mortgage rate?
Improving your credit score and shopping around for lenders can help you secure the best mortgage rate available.
Are refinance rates higher than purchase rates?
Refinance rates can sometimes be higher than purchase rates, although this varies and is worth comparing based on your specific financial situation.
