The current average mortgage rate on a 30-year fixed mortgage is 6.23%, compared to 6.36% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.

Current mortgage rates are up today and higher than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. But rates are still relatively high as fears around stubborn inflation have kept the Federal Reserve from lowering its benchmark rate until now.

The average mortgage interest rate on a 30-year term is now 6.00%, as of December 11, 2025, according to Zillow. That's a slight drop from the 6.12% it was earlier this week. The average mortgage rate on a 15-year term, however, stayed put at 5.50% overnight.

Fifteen-year mortgage rates hit a one-month high today. Today, the mortgage interest rate on a 30-year fixed mortgage is 6.35%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.

Explore current mortgage rates and what they mean for homebuyers.

Mortgage rates rose slightly this week after the Federal Reserve’s interest rate cut on Wednesday. The average 30-year mortgage rate was 6.22%.

Mortgage rates stay above 6% as Fed policy is set to shift, with spreads still historically wide and homebuyer affordability slowly improving.