Mortgage Rates Today (Dec. 17, 2025): 30-Year Fixed Hovers Near 6% After the Fed Cut—What It Means for Refinancing and a $700,000 Mortgage
Mortgage rates are still refusing to “follow the Fed” in a straight line, even after the Federal Reserve’s December policy move. If you’re shopping for a home or debating a refinance, today’s numbers—and the reason they’re behaving this way—matter more than the headlines. After the Fed cut its target range for the federal funds rate by 0.25 percentage point to 3.5%–3.75% on December 10, many borrowers expected mortgage rates to slide quickly. Instead, rates have stayed in a tight band in the low-6% range, and in some surveys they’ve even ticked higher week-over-week. Federal Reserve+1 Below is a December 17,