Current Refi Mortgage Rates — December 22, 2025
As of December 22, 2025, mortgage refinance rates remain relatively stable, offering a snapshot of current borrowing costs for homeowners considering a loan refi. These figures come from the latest Zillow refinance data, widely used by financial news outlets to track market trends. Fortune
Average Refinance Rates (National Averages)
Here’s how refinance interest rates look today: Fortune
- 30-year fixed refi: ~6.23%
- 20-year fixed refi: ~6.18%
- 15-year fixed refi: ~5.46%
- 10-year fixed refi: ~5.58%
- 30-year jumbo refi: ~6.86%
- 15-year jumbo refi: ~5.88%
- 30-year FHA refi: ~5.75%
- 15-year FHA refi: ~5.34%
- 30-year VA refi: ~5.59%
- 15-year VA refi: ~5.56% Fortune
These rates reflect averages across the U.S. and will vary by lender, credit score, loan size and geographic location. Fortune
What the Numbers Mean for Homeowners
Refinancing replaces your existing mortgage with a new one — often to secure a lower interest rate, reduce monthly payments, shorten the loan term, or access home equity. But refinancing isn’t free. Typical closing costs range from 2% to 6% of the loan amount, which can offset savings if you don’t plan to stay in your home long enough to recover those costs. Fortune
To benefit from a refi, many experts recommend aiming for a rate that’s at least 0.75 to 1.0 percentage point lower than your current mortgage. That gap helps justify closing costs and ensures net savings over time. Forbes
Refi Rate Trends Near the End of 2025
Mortgage and refinance rates have generally trended slightly lower or steady in recent weeks, reflecting broader movements in long-term bond yields and expectations around Federal Reserve policy. Although more modest than extreme drops seen in prior years, these levels still stand well below the peaks experienced after the 2024 rate cycle. Yahoo Finance
Rates today mean that many homeowners with mortgage rates above 7% could find refinancing advantageous, especially if they plan to stay in their homes for several more years. Shopping around with multiple lenders and considering different term options remains important to secure the best possible mortgage refi offer.
