Mortgage Rates Update: What You Need to Know
Update: 2025-12-02
Description
Mortgage rates have seen a slight increase, with the average thirty-year fixed rate now at six point one one percent. Fifteen-year rates have dipped to five point four eight percent. Refinancing rates are also higher, with thirty-year and fifteen-year rates at six point one seven percent and five point five nine percent, respectively. Economists predict no significant drops in rates before the end of two thousand twenty-five. The Federal Reserve has made rate cuts, but future changes are uncertain. Keep an eye on these trends and consult with a financial expert for personalized advice.
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