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Compare current mortgage rates for today
Written by
- • Mortgages
- • Mortgage refinancing
Edited by
Reviewed by
- • Personal Finance
- • Economy
Edited by
Reviewed by
- • Personal Finance
- • Economy
Advertiser Disclosure
You have money questions. Bankrate has answers.
Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or when you click on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. However, this compensation in no way affects Bankrate’s news coverage, recommendations or advice as we adhere to strict editorial guidelines.
Our advertisers do not compensate us for favorable reviews or recommendations. Our site has comprehensive free listings and information for a variety of financial services from mortgages to banking to insurance, but we don’t include every product in the marketplace. In addition, though we strive to make our listings as current as possible, check with the individual providers for the latest information.
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Written by
- • Mortgages
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Edited by
Reviewed by
- • Personal Finance
- • Economy
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On Wednesday, December 10, 2025, the national average 30-year fixed mortgage APR is 6.32%. The average 15-year fixed mortgage APR is 5.72%, according to Bankrate's latest survey of the nation's largest mortgage lenders.
On Wednesday, December 10, 2025, the national average 30-year fixed mortgage APR is 6.32%. The average 15-year fixed mortgage APR is 5.72%, according to Bankrate's latest survey of the nation's largest mortgage lenders.
Top offers on Bankrate vs. national average interest rates
Hover for more
APRs not included. For our most recent APR information, please visit our
How our rates are calculated
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the five largest banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate. Learn more about how we collect, display and report mortgage rates.
For the week of December 7th, top offers on Bankrate are X% lower than the national average. On a $340,000 30-year loan, this translates to $XXX in annual savings.
For today, Wednesday, December 10, 2025, the current average 30-year fixed mortgage interest rate is 6.26 percent. If you're looking to refinance your current mortgage, today's current average 30-year fixed refinance interest rate is 6.52 percent. Meanwhile, today's average 15-year refinance interest rate is 5.94 percent. Whether you need a mortgage now or plan to get one in the next year or two, it’s crucial to compare offers. Bankrate can connect you with current offers on various types of loans, often well below the national average. We display the lender’s interest rate, APR (rate plus costs) and estimated monthly payment to help you more easily find the best mortgage for your needs.
Weekly national mortgage interest rate trends
Current mortgage rates
| 30 year fixed | 6.27% | |
| 15 year fixed | 5.63% | |
| 10 year fixed | 5.67% | |
| 5/1 ARM | 5.53% |
For today, Wednesday, December 10, 2025, the current average 30-year fixed mortgage interest rate is 6.26%. If you're looking to refinance your current mortgage, today's current average 30-year fixed refinance interest rate is 6.52%. Meanwhile, today's average 15-year refinance interest rate is 5.94%. Whether you need a mortgage now or plan to get one in the next year or two, it’s crucial to compare offers. Bankrate can connect you with current offers on various types of loans, often well below the national average. We display the lender’s interest rate, APR (rate plus costs) and estimated monthly payment to help you more easily find the best mortgage for your needs.
Mortgage rate news this week - Dec. 10, 2025
Rates rise even as Fed cuts again
The average rate on a 30-year mortgage rose to 6.34% this week, according to Bankrate’s latest lender survey.
Bankrate’s survey was concluded before the Federal Reserve’s widely expected rate cut on Wednesday afternoon. The Fed stuck to that script, reducing its federal funds rate by 0.25 percent. It was the third rate cut in three meetings.
However, the Fed doesn’t directly control mortgage rates, which move based on other factors. “There are many factors that influence mortgage rates — it is never a one-to-one relationship” with the federal funds rate, says Lawrence Yun, chief economist at the National Association of Realtors.
This trend of mortgage rates going in the opposite direction of the federal funds rate harkens back to 2024. Then, when the Fed cut rates, mortgage rates responded by rising. That’s because, while the Fed sets the overall tone, it doesn’t directly control mortgage rates. The more important benchmark is the 10-year Treasury yield, which reflects investor sentiment. Both Treasury yields and mortgage rates tend to rise when the economy is strong and fall when it weakens.
A slowing job market has created some downward pressure on mortgage rates. However, most housing economists don’t expect a significant drop in mortgage rates.
“Since this rate cut was no surprise, the markets have taken it in stride,” says Melissa Cohn of William Raveis Mortgage.
Meanwhile, the new consensus is that rates will stay above 6% in the coming months.
“Potential homebuyers waiting for lower mortgage rates are going to be disappointed,” says Lisa Sturtevant, chief economist at Bright MLS, a listing service in the mid-Atlantic region. “In fact, rates could actually increase in the coming weeks.”
Bankrate's Mortgage Rate Variability Index
The Mortgage Rate Variability Index reads 3 out of 10 as of Dec. 8, 2025, 2 points lower than last week. Our index ranks variability from a low of 1 to a high of 10, with lower readings reflecting more consistency in loan offers.
What does that mean for you as a borrower? When the variability index shows calm, as it does now, you’re less likely to find meaningful differences in lender offers – you should still shop around for the best mortgage deal, but don’t expect large swings from one lender to the next.
As of last week, the average 30-year mortgage rate in Bankrate’s weekly survey was 6.28 percent, close to the lowest level in more than a year. The average rate has stayed below 6.5 percent since August, and housing economists expect rates to stay in that range for the rest of the year.
Learn more about Bankrate's Mortgage Rate Variability Index.
Experts think mortgage rates will improve, but slowly
"The Fed is trying its best to move rates lower, but the market is not cooperating quickly enough. Look for a slow move to lower rates." Dec. 10
"The Fed is trying its best to move rates lower, but the market is not cooperating quickly enough. Look for a slow move to lower rates." Dec. 10
"The Fed comments on economic growth being modest. Job gains have slowed, and inflation remains elevated. The Fed is also now talking about buying short-term Treasurys to keep bank reserves ample, helping push rates down." Dec. 10
"The Fed comments on economic growth being modest. Job gains have slowed, and inflation remains elevated. The Fed is also now talking about buying short-term Treasurys to keep bank reserves ample, helping push rates down." Dec. 10
"After a choppy few weeks, I expect rates to improve slightly now that the Fed decision has been confirmed and economic data is flowing again." Dec. 10
"After a choppy few weeks, I expect rates to improve slightly now that the Fed decision has been confirmed and economic data is flowing again." Dec. 10
Learn more: Weekly mortgage rate trend predictions
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.26% | 6.32% |
| 20-Year Fixed Rate | 6.03% | 6.13% |
| 15-Year Fixed Rate | 5.63% | 5.72% |
| 10-Year Fixed Rate | 5.55% | 5.62% |
| 30-Year Fixed Rate FHA | 6.34% | 6.39% |
| 30-Year Fixed Rate VA | 6.41% | 6.46% |
| 30-Year Fixed Rate Jumbo | 6.42% | 6.46% |
Rates as of Wednesday, December 10, 2025 at 6:30 AM
-
Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.
Learn more about how we collect, display and report mortgage rates.
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.52% | 6.60% |
| 20-Year Fixed Rate | 6.34% | 6.44% |
| 15-Year Fixed Rate | 5.94% | 6.03% |
| 10-Year Fixed Rate | 5.99% | 6.06% |
| 30-Year Fixed Rate FHA | 7.56% | 7.63% |
| 30-Year Fixed Rate VA | 8.60% | 8.72% |
| 30-Year Fixed Rate Jumbo | 6.58% | 6.64% |
Rates as of Wednesday, December 10, 2025 at 6:30 AM
-
Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.
Learn more about how we collect, display and report mortgage rates.
How to compare mortgage rates
The rates you see advertised here might not match the rate you're offered due to factors like your credit score, down payment and more. Still, getting the best rate can make a big difference in your monthly budget, and potentially save you thousands of dollars in interest over the life of the loan. It’s been proven: Shopping with multiple lenders can save you up to $1,200 a year.
Factors that determine your mortgage rate
Your mortgage rate depends on a number of factors, including your individual credit profile and what’s happening in the broader economy. These variables include:
- Your credit and finances: The better your credit score and higher your income compared to your debt, the better interest rate you’ll get.
- Loan size and type: The size of your loan, down payment and the type of loan all affect your mortgage rate.
- Location: Rates vary based on where the property is located.
- Whether you’re a first-time homebuyer: Many first-time homebuyer loan programs offer lower-rate mortgages.
- Economic factors: Broadly, mortgage rates are impacted by forces like the Federal Reserve, inflation and investor appetite.
- The lender you work with: Lenders set rates based on many factors, including their own supply and demand.
- Mortgage points: Also known as discount points, these additional fees reduce your interest rate. Decide whether they're worth it with our guide to mortgage points.
How does the Federal Reserve affect mortgage rates?
Like any other financial product, mortgage costs may fluctuate with economic events, including Federal Reserve decisions. The central bank doesn’t set mortgage rates, but its policies set the tone for what banks and other lenders charge for loans.
How to refinance your current mortgage
The process of refinancing your mortgage isn’t much different from when you applied for your original mortgage, though it typically costs less and takes less time. Borrowers choose to refinance for many reasons — a lower rate, cashing out equity, removing a co-borrower and more. When you're ready to refi, compare refinance rates and do the math with our refinance calculator.
Next steps to getting a mortgage
Before you start applying for a mortgage, here are some mortgage resources to prepare you for the process:
How to improve your credit score to get a mortgage
The higher your score, the better your approval chances, and the lower the interest rate.
How to save for a down payment
Saving the big chunk of cash you'll need upfront can be tough. These tactics help.
How to choose a mortgage lender
Getting a good loan starts with choosing the right lender.
Income requirements to qualify for a mortgage
Your income helps determine how much you can borrow.
Mortgage FAQ
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A mortgage is a loan from a bank or other financial institution that helps a borrower purchase a home. The collateral for the mortgage is the home itself. That means if the borrower doesn’t make monthly payments to the lender and defaults on the loan, the lender can sell the home and recoup its money. A mortgage loan is typically a long-term debt taken out for 30, 20 or 15 years. Over this time (known as the loan’s “term”), you’ll repay both the amount you borrowed as well as the interest charged for the loan.
Learn more: What is a mortgage?
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A mortgage rate lock guarantees (with a few exceptions) that the interest rate offered to you will remain available for a set period of time. With a lock, you won’t have to worry if market rates go up between the time you find a home, submit an offer and close. Most lenders offer a 30- to 45-day rate lock free of charge. Often, you’ll need to pay a fee to extend the lock period. Some lenders also offer a “float down” option, which allows you to lower your locked rate if prevailing rates fall — though you’ll likely have to pay a fee for this perk, too.
Learn more: What is a mortgage rate lock? -
The closing costs on a mortgage encompass all of the fees associated with the loan, including the lender’s charges, typically an origination fee often equal to 1 percent of the loan principal and optional points. Closing costs also include third-party fees like the cost of an appraisal and title insurance. All together, these usually run anywhere from 2 percent to 5 percent of the amount you’re borrowing, above and beyond your down payment.
Learn more: Mortgage closing costs -
Depending on your needs, the best mortgage lenders are often the ones that offer the most competitive rates and fees, stellar customer service and convenience.
Learn more: Best mortgage lenders in 2025
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