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Mortgage Rates Drop as Fed Cuts Continue

12/15/2025

50 4 Full Breakdown

Summary

Story summary

As of December 15, 2025, mortgage rates are lower than at the start of the year after three Federal Reserve rate cuts, with experts saying rates may hold steady or decline further if the Fed continues cutting rates.
The 30-year fixed rate is 6.12%.
The 15-year fixed rate is 5.50%.
The 30-year refinance rate is 6.65%.

History

Historical Context

The 2008 financial crisis prompted the Federal Reserve to cut the federal funds rate from 5.25% to near zero by December 2008, aiming to stabilize the economy. This unprecedented move led to a significant drop in mortgage rates, with the 30-year fixed rate reaching 5.0% by 2009. Today’s mortgage rates, around 6.12%, reflect ongoing monetary policy responses to economic challenges.

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Story summary

As of December 15, 2025, mortgage rates are lower than at the start of the year after three Federal Reserve rate cuts, with experts saying rates may hold steady or decline further if the Fed continues cutting rates.
The 30-year fixed rate is 6.12%.
The 15-year fixed rate is 5.50%.
The 30-year refinance rate is 6.65%.

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