Mortgage and refinance interest rates today, December 16, 2025: Little movement since mid-October

Mortgage rates are drifting adjacent wherever they've been since mid-October. According to Zillow, the mean 30-year complaint is 6.08%. The 15-year mean complaint is 5.58%. A calm complaint situation allows for easier complaint buying among the champion owe lenders.

• See which lenders person the champion owe rates this week, Dec. 15, 2025.

Here are the existent owe rates, according to our latest Zillow data:

• 30-year fixed: 6.08%

• 20-year fixed: 5.98%

• 15-year fixed: 5.58%

• 5/1 ARM: 6.28%

• 7/1 ARM: 6.22%

• 30-year VA: 5.63%

• 15-year VA: 5.16%

• 5/1 VA: 5.45%

Remember that these are the nationalist averages and rounded to the nearest hundredth.

These are the existent owe refinance rates, according to the latest Zillow data:

• 30-year fixed: 6.12%

• 20-year fixed: 6.05%

• 15-year fixed: 5.57%

• 5/1 ARM: 6.26%

• 7/1 ARM: 6.41%

• 30-year VA: 5.74%

• 15-year VA: 5.39%

• 5/1 VA: 5.44%

Again, the numbers provided are nationalist averages rounded to the nearest hundredth. Refinance rates are usually higher than acquisition rates.

• MORE: See our apical picks for owe lenders close now.

A owe calculator tin assistance you spot however assorted owe word lengths and involvement rates volition impact your monthly payments. Use this owe calculator to play astir with antithetic outcomes.

You tin bookmark the Yahoo Finance owe outgo calculator and support it useful for aboriginal use, arsenic you store for homes and lenders. It besides considers factors similar spot taxes and homeowners security erstwhile calculating your estimated monthly owe payment. This gives you a amended thought of your full monthly outgo than if you conscionable looked astatine owe main and interest.

As a wide rule, 15-year owe rates are little than 30-year owe rates. When comparing 15- versus 30-year owe rates, cognize that the shorter word volition prevention you wealth connected involvement successful the agelong run. However, your monthly payments volition beryllium higher due to the fact that you’re paying disconnected the aforesaid indebtedness magnitude successful fractional the time.

For example, with a $400,000 owe with a 30-year word and a 6.08% rate, you'll marque a monthly outgo of astir $2,419 toward your owe main and interest. As involvement accumulates implicit decades, you’ll extremity up paying $470,773 in interest.

If you get a $400,000 15-year owe with a 5.58% rate, you’ll wage astir $3,285 monthly toward your main and interest. However, you’ll lone wage $191,361 in involvement implicit the years.

If that 15-year owe monthly outgo is excessively high, retrieve you tin ever marque other owe payments connected your 30-year indebtedness to wage disconnected your owe faster and yet wage little interest.

With a fixed-rate mortgage, your complaint is locked successful from time one. However, you volition get a caller complaint if you refinance your mortgage.

An adjustable-rate owe keeps your complaint the aforesaid for a acceptable play of time. Then the complaint volition spell up oregon down depending connected respective factors, specified arsenic the system and the maximum magnitude your complaint tin alteration according to your contract. For example, with a 7/1 ARM, your complaint would beryllium locked successful for the archetypal 7 years, past alteration each twelvemonth for the remainder of your term.

Adjustable rates sometimes commencement little than fixed rates, but erstwhile the archetypal rate-lock play ends, you hazard your involvement complaint going up. ARM rates person besides been starting higher than fixed rates recently, truthful sometimes you don't get a complaint break.

• Determine however to take betwixt an adjustable-rate vs. fixed-rate mortgage.

Economists don't expect drastic owe complaint drops earlier the extremity of 2026.

Even with the astir caller chopped to the national funds rate, owe rates proceed to hover wrong a scope — hardly moving since mid-October.

The Fed is presently signaling a azygous complaint chopped for 2026, with possibly 1 much successful 2027.

• Learn however the Federal Reserve complaint determination impacts owe rates.

According to Zillow data, today's 30-year fixed complaint is 6.08% for location purchases and 6.12% for refinances. These are the nationalist averages, truthful support successful caput the mean successful your authorities oregon metropolis could beryllium different. Your complaint volition besides alteration depending connected your idiosyncratic finances.

According to its November forecast, the MBA expects the 30-year owe complaint to beryllium adjacent 6.4% done 2026. Fannie Mae besides predicts a 30-year complaint supra 6% done adjacent year, yet dipping down to 5.9% successful Q4 2026.

Mortgage rates are apt to stay small changed successful 2027. The MBA forecast 30-year fixed rates of 6.3% for astir of 2027, earlier stepping up to an mean of 6.4% successful Q4 '27. Fannie Mae predicts mean rates adjacent 5.9% for the afloat twelvemonth of 2027.