Design Highlights

• Current mortgage rates are stable, ranging from 6.21% to 6.30%, with minimal fluctuations in December 2025.
• 50% of experts predict rates will remain stable next week, indicating no immediate urgency for borrowers.
• Economic indicators show cooling inflation, but a resilient labor market may keep upward pressure on long-term yields.
• Minor rate movements of 10-20 basis points could occur, but dramatic drops are not expected soon.
• Market sentiment reflects a “holding pattern,” suggesting borrowers are not being teased with significant upcoming drops.

Mortgage Rates Hold Steady

Mortgage rates are holding steady, which is either a relief or a snooze-fest, depending on who you ask. Currently, the average 30-year fixed mortgage rate hovers around 6.21% to 6.30%, with the Federal Reserve Economic Data (FRED) reporting a 6.21% average for the week ending December 18, 2025.

Mortgage rates are stuck in neutral, averaging 6.21% to 6.30%—a mix of stability and monotony.

It’s like watching paint dry. On December 17, Bankrate’s survey showed a slight uptick to 6.30%, while Mortgage News Daily reported rates at 6.22% on December 18 and 6.27% the day before. These minor fluctuations, within a 0.10-0.15 percentage point range, hardly make for thrilling headlines.

What’s the buzz in the market? Well, according to Bankrate’s expert poll, half the respondents think rates will remain the same over the next week. A minority, 42%, is hoping for a drop, while just 8% think rates will climb.

It’s a real cliffhanger, folks. Market commentary is buzzing about a “holding pattern,” indicating that any big moves are unlikely. Solid demand for mortgage bonds is providing just enough support to keep rates from plunging but not enough to send them soaring either.

The macroeconomic backdrop adds another layer of complexity. Inflation indicators have shown some cooling, which could put downward pressure on long-term yields. But hold on—a resilient labor market is pushing yields up, creating a tug-of-war effect. Recent data indicates that 50% of experts predict mortgage rates will stay the same, reflecting a cautious market sentiment. Additionally, Freddie Mac updated the Primary Mortgage Market Survey® methodology on November 17, 2022, which may contribute to the current rate stability.

Meanwhile, the Fed’s recent easing has lowered short-term rates, but that hasn’t had much impact on 10-year yields or mortgage rates. It’s like a balancing act on a tightrope.

Looking back at historical volatility, December 2025 has been marked by small week-to-week fluctuations, with rates oscillating slightly—6.26 to 6.21, and so on. The holiday season tends to dampen trading activity, so the usual waves of volatility are somewhat muted. Much like healthcare, where rising medical care prices have driven costs up by 8% in medical trend costs, the housing market faces its own inflationary pressures that complicate rate predictions.

It seems everyone is waiting for clearer macro signals before making any bold moves. For borrowers, this stability means there’s no immediate urgency to jump in. The market consensus suggests that any dramatic drops in rates aren’t around the corner.

Sure, even minor movements of 10-20 basis points can make a difference, but it’s hardly the rollercoaster ride many might hope for. As 2026 looms, the suspense continues. Will rates stay the same? Will they fall? Only time will tell, but for now, it’s just… steady.