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2h ago

Mortgage Rates Near Three-Year Lows as Markets Eye Dec. 10 Fed Cut

Investors peg the likelihood of a rate cut near 90%, prompting some lenders to shift pricing before the decision.

Home Prices Suggest Housing Bubble Brewing In U.S.
FILE - A sign is posted for a new home for sale in Ambler, Pa., Thursday, Oct. 16, 2025. (AP Photo/Matt Rourke, File)
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Overview

  • Freddie Mac’s 30-year fixed average slipped to 6.19% this week, its lowest reading since October 2024.
  • Zillow reports the 30-year purchase average at 5.99% as of December 4, with the 15-year at 5.37%.
  • Refinance averages stand higher, with Zillow showing 6.72% for a 30-year refi and 5.81% for a 15-year refi.
  • Mortgage rates often move ahead of Fed actions and can rise afterward, as seen around the two 2025 cuts when dips came before the announcements.
  • Rate changes track longer-term market yields and lender pricing, and 2026 is projected to bring slightly better affordability with modest price gains and nearly 9% more inventory.