{"id":3839,"date":"2025-12-13T02:39:47","date_gmt":"2025-12-13T02:39:47","guid":{"rendered":"http:\/\/ft365.org\/index.php\/2025\/12\/13\/mortgage-rates-rise-ahead-of-fed-cut-bankrate\/"},"modified":"2025-12-13T02:39:47","modified_gmt":"2025-12-13T02:39:47","slug":"mortgage-rates-rise-ahead-of-fed-cut-bankrate","status":"publish","type":"post","link":"https:\/\/ft365.org\/index.php\/2025\/12\/13\/mortgage-rates-rise-ahead-of-fed-cut-bankrate\/","title":{"rendered":"Mortgage Rates Rise Ahead Of Fed Cut | Bankrate"},"content":{"rendered":"
\n
\n

Mortgage rates rose this week, with the 30-year fixed rate averaging 6.34%, up from 6.28% the previous week, according to Bankrate\u2019s latest lender survey. <\/p>\n<\/p><\/div>\n

Current mortgage rates<\/h2>\n
\n\n\n\n\n\n\n\n
Loan type<\/th>\nCurrent<\/th>\n4 weeks ago<\/th>\nOne year ago<\/th>\n52-week average<\/th>\n52-week low<\/th>\n<\/tr>\n<\/thead>\n
30-year<\/td>\n6.34%<\/td>\n6.29%<\/td>\n6.78%<\/td>\n6.70%<\/td>\n6.25%<\/td>\n<\/tr>\n
15-year<\/td>\n5.59%<\/td>\n5.56%<\/td>\n5.99%<\/td>\n5.91%<\/td>\n5.50%<\/td>\n<\/tr>\n
30-year jumbo<\/td>\n6.52%<\/td>\n6.49%<\/td>\n6.82%<\/td>\n6.75%<\/td>\n6.31%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The 30-year fixed mortgages in this week\u2019s survey had an average total of 0.31 discount and origination points. Discount points are a way to lower your mortgage rate, while origination points are fees lenders charge to create, review and process your loan.<\/p>\n

\n

\"couple<\/p>\n

\n

Shop smarter for mortgage rates <\/h3>\n

Bankrate connects you to the latest lender offers, tailored to you. Find your low rate today.<\/p>\n

Explore mortgage rates <\/p>\n<\/div><\/div>\n

Monthly mortgage payment at today\u2019s rates<\/h2>\n

The national median family income for 2025 is $104,200, according to the U.S. Department of Housing and Urban Development, and the median price of an existing home sold in October 2025 was $415,200, according to the National Association of Realtors. Based on a 20% down payment and a 6.34% mortgage rate, the monthly payment of $2,065 amounts to about 24% of the typical family\u2019s monthly income.<\/p>\n

\u201cWith more housing inventory coming online and home prices starting to level off, this remains a promising environment for those looking to buy or refinance,\u201d says Samir Dedhia, CEO of One Real Mortgage.\u00a0\u00a0<\/p>\n

What will happen to mortgage rates in the rest of 2025?<\/h2>\n

The Federal Reserve cut rates Wednesday for the third time this year, trimming its benchmark rate in its final meeting of 2025. The Fed\u2019s latest announcement bought a reduction of a quarter-point. Even though that cut was widely expected, mortgage rates rose, according to Bankrate\u2019s national survey of lenders. However, they\u2019re not too far off the recent low of 6.25%.<\/p>\n

Fixed mortgage rates are not set directly by the Fed but by investor appetite, particularly for 10-year Treasury bonds. When there\u2019s uncertainty in the market, investors buy Treasury bonds, which in turn drives yields \u2014 and, often, mortgage rates \u2014 downward.<\/p>\n

But don\u2019t expect significant reductions in mortgage rates \u2014 most housing economists expect rates to hold above 6%. \u201cOur forecast is for mortgage rates to stay within a fairly narrow range over the next few years,\u201d says Mike Fratantoni, chief economist at the Mortgage Bankers Association.<\/p>\n

Meanwhile, the U.S. economy seems to be losing steam. President Donald Trump\u2019s tariff policies have been blamed for an increase in inflation, which moved up to 3% in September, making little progress toward the Fed\u2019s inflation target of 2%. The 10-year Treasury yield was at 4.17% as of Wednesday afternoon, up from about 4.06% a week earlier.<\/p>\n