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Refinance Rates Remain High Despite Fed Cuts

12/30/2025

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Summary

Story summary

As of December 30, 2025, the average refinance rate for a 30-year fixed-rate mortgage is 6.24%, according to Zillow.
Homeowners should evaluate refinancing options because lenders require meeting criteria and refinancing may affect credit scores.
Recent Federal Reserve rate cuts have not significantly lowered mortgage rates, which remain near 7%.
Refinancing can be beneficial if homeowners secure a rate at least one percentage point lower than their current rate.

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Story summary

As of December 30, 2025, the average refinance rate for a 30-year fixed-rate mortgage is 6.24%, according to Zillow.
Homeowners should evaluate refinancing options because lenders require meeting criteria and refinancing may affect credit scores.
Recent Federal Reserve rate cuts have not significantly lowered mortgage rates, which remain near 7%.
Refinancing can be beneficial if homeowners secure a rate at least one percentage point lower than their current rate.