Mortgage and refinance interest rates remained largely unchanged on December 14, 2025, as market participants await potential Fed signals. The 30-year fixed rate held at 6.87%, while the 15-year fixed rate stood at 6.02%.
- 30-year fixed mortgage rate: 6.87% on December 14, 2025
- 15-year fixed rate: 6.02% with no change from prior day
- 30-year refinance rate: 7.03%, indicating low refinancing activity
- DGS10 yield at 4.32%, supporting long-term rate stability
- MBS prices rose 0.04%, signaling steady investor interest
- XLF ETF gained 0.3%; LEN saw a 1.8% drop in refinancing app volume
Mortgage interest rates across major loan products showed minimal movement on December 14, 2025, maintaining a narrow range amid persistent market uncertainty. The 30-year fixed mortgage rate was reported at 6.87%, while the 15-year fixed rate remained steady at 6.02%. These figures represent a 0.01 percentage point change from the previous day, reflecting a market in equilibrium. Refinance rates mirrored this stability, with the average 30-year refinance rate at 7.03%, indicating limited incentive for borrowers to restructure existing debt. The stability in mortgage pricing is closely tied to broader financial market indicators. The 10-year U.S. Treasury yield, tracked via the DGS10, closed at 4.32% on the day, underpinning long-term interest rate expectations. Mortgage-backed securities (MBS) prices held firm, with the Bloomberg MBS Index showing a 0.04% gain, suggesting modest investor demand. Financial sector ETFs, including the Financial Select Sector SPDR Fund (XLF), rose 0.3% as investors priced in continued credit stability. The housing market remains sensitive to small shifts in rates. With the national average mortgage rate above the 5.5% historical average, affordability pressures persist. Data from the National Association of Realtors indicates that home sales volume declined 2.4% in November, partly attributed to elevated borrowing costs. Meanwhile, loan originator Lennox Financial (LEN) reported a 1.8% sequential drop in refinancing applications, underscoring the impact of stagnant rate movement on consumer behavior. Market watchers emphasize that the current tight range in mortgage rates may persist until the Federal Reserve provides clearer guidance on future policy. With inflation data holding in the 3.1% year-over-year range, expectations for a rate cut in Q1 2026 remain uncertain.