Mortgage Rates Today (Dec. 13, 2025): What the Fed’s Rate Cut Means for a $600,000 Mortgage Payment—and Why Housing Still Won’t Get “Much Relief”
The Federal Reserve cut its benchmark rate by 0.25% on December 10, bringing the target range to 3.50%–3.75%. Mortgage rates remain above 6% for a 30-year fixed loan, with Bankrate reporting 6.29% and Freddie Mac at 6.22%. A $600,000 mortgage at these rates means monthly payments near $3,700. Fed officials signaled no rapid return to lower rates.