Mortgage Rates Steady at 6.18% as Year Ends

The average 30-year fixed mortgage refinance rate is 6.04% as of December 24, 2025, with rates remaining high compared to pandemic lows, and homeowners are advised to consider refinancing if they can secure at least a 1% lower rate or need to tap home equity. Various refinancing options and costs are discussed, along with market trends influenced by Federal Reserve rate cuts.