Sarah Silbert

Mortgage rates for December 8, 2024, are down near 6.20%. Last month, they averaged 6.56%. Mortgage rates are down in anticipation of more cuts from the Federal Reserve.

These are today's mortgage and refinance rates. Mortgage rates have decreased a bit this month, providing some relief for hopeful homebuyers.

Mortgage rates were supposed to drop a lot in 2025. Now, that's looking less likely as investors expect higher inflation and a larger deficit.

Mortgage rates for December 13, 2024, are around 6.30%. Last month, they averaged 6.56%. The Fed is expected to lower rates next week.

These are today's mortgage and refinance rates. Mortgage rates are starting the week a bit elevated, but they should go down as the Fed cuts rates.

Mortgage rates for December 17, 2025, are around 6.50%. Rates are relatively flat as investors wait for the outcome of this week's Fed meeting.

Buying a home is likely to remain challenging in 2025, according to Fannie Mae's latest forecast. But some areas may fare better than others.

Mortgage rates for December 18, 2024, are in the mid-6% range. Rates may fluctuate this week depending on where the Fed sees the federal funds rate going in 2025.

The Fed is likely to cut rates less than initially expected in 2025. What does this mean for mortgage rates and homebuyers next year?

Mortgage rates for December 21, 2024, are around 6.70%. Fed policymakers released revised economic projections this week, which caused mortgage rates to rise.