Mortgage and refinance interest rates today, December 25, 2025: Mortgage rates drifting

Mortgage rates are continuing to shift slightly, with small changes in the market. According to Freddie Mac, the average 30-year fixed mortgage rate has decreased by three basis points to 6.18% this week. On the other hand, the 15-year fixed rate has increased by three basis points to 5.50%.

“The average 30-year fixed-rate mortgage decreased further this week,” said Sam Khater, Freddie Mac’s chief economist. “Declining rates offer a timely and welcome gift for aspiring homebuyers.”

Here are the current mortgage rates based on the latest data from Zillow:

– 30-year fixed: 6.10%
– 20-year fixed: 6.00%
– 15-year fixed: 5.52%
– 5/1 ARM: 6.26%
– 7/1 ARM: 6.26%
– 30-year VA: 5.62%
– 15-year VA: 5.31%
– 5/1 VA: 5.25%

These rates are national averages and rounded to the nearest hundredth. It’s important to note that mortgage rates can vary based on individual factors.

For those interested in mortgage refinance, here are the current interest rates according to Zillow:

– 30-year fixed: 6.25%
– 20-year fixed: 5.92%
– 15-year fixed: 5.69%
– 5/1 ARM: 6.44%
– 7/1 ARM: 6.43%
– 30-year VA: 5.55%
– 15-year VA: 5.37%
– 5/1 VA: 5.50%

Similar to purchase rates, refinance rates are national averages and rounded to the nearest hundredth. Refinance rates can sometimes be higher than purchase rates, but this isn’t always the case.

Mortgage interest rates are crucial in determining the overall cost of borrowing money. There are two primary types of mortgage rates: fixed and adjustable rates. Fixed-rate mortgages lock in a rate for the entire loan term, while adjustable-rate mortgages have a rate that changes periodically after an initial fixed period.

Factors that influence mortgage rates include credit scores, debt-to-income ratios, down payments, and the overall state of the economy. It’s recommended to compare rates from different lenders to secure the best deal.

When it comes to mortgage terms, 30-year mortgages offer lower monthly payments but accumulate more interest over time. On the other hand, 15-year mortgages have higher monthly payments but result in less interest paid overall.

In conclusion, understanding mortgage rates and how they impact your finances is essential when navigating the home buying process. By staying informed and exploring your options, you can make the best decision for your financial future.