The average rate on a 30-year fixed mortgage decreased to 6.23% as of December 4th, 2025, the lowest in a month according to a survey of lenders by mortgage giant Freddie Mac. “Mortgage rates decreased for the second straight week, emerging from the Thanksgiving holiday. Compared to this time last year, mortgage rates are half a percent lower, creating a more favorable environment for homebuyers and homeowners,” said Sam Khater, Freddie Mac’s chief economist.