Mortgage rates have hit a new low as 2025 comes to a close, with the average 30-year fixed rate at 6.15%. The 15-year fixed home loan rate also dropped to 5.44%. Current national averages from Zillow show rates like 30-year fixed at 5.97% and 15-year fixed at 5.42%. Mortgage refinance rates are slightly higher, with 30-year fixed at 6.09% and 15-year fixed at 5.57%. Economists don’t foresee significant drops in mortgage rates before the end of 2026, as rates have barely changed since mid-October despite a recent cut to the federal funds rate.

Read more at Yahoo Finance: Down to a new 2025 low