What is a good Mortgage Rate in today’s market?
A “good” mortgage rate varies depending on individual financial circumstances, the type of loan and its term. As of December 2025, rates for a 30-year fixed mortgage generally fall in the low-6% range, while 15-year fixed loans start in the mid-5% range. Borrowers with strong credit, stable income, and larger down payments may qualify for lower rates, whereas those with lower credit or nontraditional loans could see rates in the low-7% range. Mortgage rates fluctuate frequently, so what is considered “good” can change from day to day, making personal comparison essential.
To find the best rate for your situation, it’s important to shop around and request quotes from multiple lenders. Comparing offers helps identify the most favorable interest rates, taking into account your credit score, debt levels and down payment. While advertised average rates provide context, the best mortgage rate is the one that aligns with your finances and loan goals. Borrowers can often improve their rate by improving their credit, increasing their down payment or exploring lender-specific programs designed for first-time buyers or refinancers.
