30‑year mortgage rate edges up to 6.22%
Freddie Mac’s weekly survey shows the average U.S. 30‑year fixed mortgage rate ticked up to 6.22% as of Dec. 11, 2025, while remaining close to this year’s lows. The move influences home affordability and refinancing for Minneapolis–Saint Paul households heading into the winter housing market.
📌 Key Facts
- Freddie Mac weekly average 30‑year fixed: 6.22% (Dec. 11, 2025)
- Rate remains near 2025 lows despite the uptick
- Changes directly affect Twin Cities buyers, sellers, and refinancing
📊 Relevant Data
The average annual 30-year fixed mortgage rate in 2024 was 6.72%.
Historical mortgage rates: 1971 to 2025 — Rocket Mortgage
Homeownership rates in 2024 were 25% for households with income less than $25,000, 47% for $25,000–$49,999, 68% for $50,000–$99,999, and 85% for $100,000 or more.
Report on the Economic Well-Being of U.S. Households in 2024 - May 2025 - Housing — Federal Reserve
The national median single-family home price grew to five times the median household income in 2024, nearly matching historic highs from 2006, contributing to affordability barriers especially for lower-income households.
Home Prices Surge to Five Times Median Income, Nearing Historic Highs — Joint Center for Housing Studies of Harvard University
The US inflation rate was 3.0% for the 12 months ending September 2025.
Consumer Price Index Summary - 2025 M09 Results — Bureau of Labor Statistics
The rise in mortgage rates comes a day after the Federal Reserve cut its main interest rate for the third time this year and indicated another cut possible next year but fewer in 2026.
Average US long-term mortgage rate ticks up to 6.22%, but remains ... — SF Gate