Mortgage Rates December 2024



In December 2024, the lowest mortgage rates for 30-year fixed-rate loans were highly competitive, but the best cheapest rates was 6.250% at Better.com.

Similarly, 15-year fixed-rate mortgages saw a notable dip in rates, with the lowest rates around 5.750% at Citi.

In December 2024, the average mortgage rates for 30-year fixed-rate loans hovered around 6.59%. While not the lowest in history, these rates still represented a favorable borrowing environment for homebuyers.

However, the average rates for 15-year fixed-rate mortgages were approximately 5.98%, offering a middle-ground option for those aiming to pay off their homes quicker while still benefiting from relatively low interest costs