Start comparing your top mortgage rate options online now. Will mortgage rates fall in December? Here's what experts predict. If you're wondering whether mortgage rates will fall

These are today's mortgage and refinance rates. Mortgage rates might not drop much this month, but they're expected to go down in 2025.

A drop in mortgage rates for the first time in two months has sparked a surge in home purchase applications, breathing new life into the stagnant housing market.

Most experts predict that mortgage rates will fall steadily in 2025, and forecasts from both the Mortgage Bankers Association (MBA) and Fannie Mae back that up. "I expect mortgage rates to be on a slow grind downward in 2025, barring unexpected softness in the economy," Goodwin says.

The current median interest rate is 6.88% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage

Despite initial concerns that tariffs would push mortgage rates up to 8%, this week has brought some encouraging news.

After three days of ticking downward, 30-year mortgage rates inched up a bit Friday, wavering in a narrow range. Other loan types saw mixed rate movement.

When it comes to mortgage rates, the labor market may have the biggest influence. Here’s why. Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter.

These are today's mortgage and refinance rates. Mortgage rates increased in recent months, and where they go next depends on the economy.