In December 2025, the lowest mortgage rates for 30-year fixed-rate loans were highly competitive, but the best cheapest rates was 5.625% at Citi.
Similarly, 15-year fixed-rate mortgages saw a notable dip in rates, with the lowest rates around 5.000% at Citi.
In December 2025, the average mortgage rates for 30-year fixed-rate loans hovered around 6.12%. 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 5.48%, offering a middle-ground option for those aiming to pay off their homes quicker while still benefiting from relatively low interest costs