The average mortgage interest rate on a 30-year term is now 6.00%, as of December 11, 2025, according to Zillow. That's a slight drop from the 6.12% it was earlier this week. The average mortgage rate on a 15-year term, however, stayed put at 5.50% overnight.

The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on Wednesday, opting for its third interest rate cut this year in an effort to revive a sluggish labor market. The reduction of interest rates could deliver some relief for mortgage and credit card borrowers.

The highest money market account rate available today is 4.22% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market As of today,

The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.