BetterNest Staff
Dec 7, 2025
Today's Mortgage Rates
(December 7, 2025)
Mortgage rates fluctuate daily based on economic factors like inflation, Federal Reserve policies, and lender competition. The figures below represent national averages for the most common loan types, sourced from leading financial data providers. These are for conventional loans with a 20% down payment and strong credit (typically 740+ FICO score). Actual rates can vary by lender, location, and borrower profile—shop around for personalized quotes.
Loan Type | Interest Rate | APR* | Notes |
30-Year Fixed | 6.10% | 6.34% | Most popular option; balances affordability with total interest cost. Up 13 basis points from yesterday per Zillow data. |
15-Year Fixed | 5.55% | 5.72% | Shorter term means lower rates but higher monthly payments; up 14 basis points today. |
30-Year Fixed Refinance | 6.66% | N/A | Higher than purchase rates due to closing costs; surged recently per market trends. |
15-Year Fixed Refinance | 6.06% | N/A | Ideal for reducing long-term interest if you can afford larger payments. |
*APR (Annual Percentage Rate) includes fees and points, providing a more complete cost picture than interest rate alone.
Key Trends:
Rates rose slightly today amid inflation concerns, but they're down about 0.5% from a year ago (e.g., 30-year fixed averaged 6.69% in December 2024).
Freddie Mac's latest weekly survey (as of Dec 4) showed 6.19% for 30-year fixed, indicating a minor uptick over the weekend.
For context, historical average since 1971 is ~7.71%, so current levels remain relatively moderate.