Mortgage Rates Update: December 11th, 2025
- Bill Knudson
- Dec 13
- 1 min read
For the week ending December 11, 2025, the fixed mortgage market experienced a parallel movement with Treasury yields, indicating a return to correlation. The 30-year fixed rate increased by 3 basis points (bp), settling at 6.22%. This upward shift mirrored the 10-Year T-Note rate, which also rose by 3bp to 4.14%.
As an experienced economist, I find this concurrent movement significant. When both rates move in tandem, the spread between them remains stable, suggesting the market is not layering on additional risk premium this week. The consistency of the spread is a sign of predictable pricing mechanisms at play.
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Key Developments
Key market metrics as of 12/11/2025 are:
The 30-Year Fixed Mortgage Rate is 6.22%.
The 10-Year T-Note Rate stands at 4.14%.
The Current Spread (30-yr minus 10-yr) is 208bp.
The spread is 40bp above the historical average of 168bp.
The monthly payment for a $100,000 loan increased by $2 to $614/mo due to the higher rate. The persistent 40bp cushion over the historical average signals that while risk is not escalating, investors are still not fully convinced of a sustained downward trend in overall interest rates.
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