Today's mortgage interest rates are significantly lower than they were earlier this year. sakchai vongsasiripat/Getty Images

If you're a homebuyer or homeowner hoping to refinance, the middle of the holiday season may seem like an unconventional time to start shopping around for mortgage interest rates . But unconventional doesn't necessarily mean unworthy, especially in the cooling interest rate climate of December 2025. Mortgage interest rates have been on a gradual decline for much of this year and that could continue in the upcoming weeks if the Federal Reserve issues another interest rate cut on December 10.

That cut, the third in four months, can further help cool the larger interest rate climate and it could make mortgage rates fall below the 3-year lows they've

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