Mortgage and refinance interest rates today, December 26, 2025: Minor moves up and down

Mortgage Rates Overview - Mortgage rates are currently stable, with the national average for a 30-year fixed mortgage at 6.18%, down from 6.85% a year ago [1] - The 15-year fixed mortgage rate is at 5.50%, compared to 6.00% last year [1] Current Mortgage Rates - Current national average mortgage rates include: - 30-year fixed: 6.10% [5] - 20-year fixed: 6.00% [5] - 15-year fixed: 5.52% [5] - 5/1 ARM: 6.26% [5] - 7/1 ARM: 6.26% [5] - 30-year VA: 5.62% [5] - 15-year VA: 5.31% [5] - 5/1 VA: 5.25% [5] Mortgage Rate Trends - Mortgage rates have generally decreased since late May and remain lower than the same period last year [13] - Economists do not anticipate significant declines in mortgage rates through the end of 2026, with the 30-year mortgage rate expected to be around 6.4% [15] - The MBA forecasts a 30-year fixed rate of 6.3% for most of 2027, with a slight increase to 6.4% in Q4 [17]