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A verified state-by-state table of refinance rates for December 17, 2024 is not available in the dated sources reviewed. The figures that can be substantiated are national averages—and they are not a substitute for a rate in any particular state or a personalized lender offer.
What refinance rates were reported on December 17, 2024?
Norada Real Estate Investments reported a national average 30-year fixed refinance rate of 6.74% for December 17, 2024, attributing the figure to Zillow. This is a secondary report; Zillow’s original archived data was not independently verified. Norada Real Estate Investments
FreeRateUpdate reported a national average 30-year fixed mortgage rate of 6.79% and a 15-year fixed mortgage rate of 6.11% that day. Its article does not identify these as refinance rates, so they should not be treated as such. FreeRateUpdate said its figures were accurate at 7:30 a.m. ET. FreeRateUpdate
| Figure reported for December 17, 2024 | Scope | What it does—and does not—show |
|---|---|---|
| 6.74% | National average 30-year fixed refinance rate, attributed to Zillow by Norada Real Estate Investments | A secondary-source national average, not a state rate or individual quote. |
| 6.79% | National average 30-year fixed mortgage rate reported by FreeRateUpdate | The article does not label it as a refinance rate. |
| 6.11% | National average 15-year fixed mortgage rate reported by FreeRateUpdate | The article does not label it as a refinance rate. |
Why state-specific rates are not established
FreeRateUpdate’s dated article links to pages for current mortgage rates by state, but does not provide archived state refinance rates for December 17, 2024. Its sitemap confirms that state pages and dated daily-rate articles exist, but does not preserve a historical state-level refinance table. FreeRateUpdate’s dated article and sitemap
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Neither a national average nor a current state page can establish what borrowers in a particular state were offered on that date. The Federal Reserve’s December 2024 FOMC minutes describe 30-year conforming mortgage rates as declining but still elevated during the intermeeting period; Freddie Mac’s PMMS is also national mortgage-rate context, not a state-by-state refinance quote source. Federal Reserve FOMC minutes Freddie Mac PMMS
How to compare refinance offers
A rate page is a starting point, not a quote. Lenders and borrower qualifications affect the rates and terms available. Compare offers for the same loan purpose, balance, term, and fixed or adjustable structure; otherwise, the headline rates may not be comparable. FreeRateUpdate refinance comparison page
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- Loan Amortization and Remaining Balances
- Instant Principal, Interest, Interest Only and Total Payments
- Future Values
- Date math function
- Note rate and APR: APR incorporates certain loan costs and can help reveal differences that the interest rate alone misses.
- Points and costs: Compare discount points, lender fees, and third-party closing costs.
- Payment and term: Review the monthly payment and loan length, not just the advertised rate.
- Qualification assumptions: Check whether the offer reflects your credit, equity, loan type, and other relevant borrower details.
- Expected time in the home: Compare upfront costs with the savings you expect before selling or refinancing again.
Do not assume refinancing is beneficial solely because a new rate is lower. Weigh closing costs against expected savings and consider whether the new loan supports your goals. A lower payment can also result from extending the repayment period, so compare the term and total cost as well as the monthly amount.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What to take from the historical figures
The only dated refinance figure established here is the secondary-source national average of 6.74% for a 30-year fixed loan. The 6.79% and 6.11% figures are national mortgage averages, not verified refinance rates. No state-specific refinance statistic for December 17, 2024 is established by these sources.
Quick Recap
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- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan Amt, Int, Term, Pmt; this industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and more
- CONFIDENTLY AND EASILY SOLVE: Clients' financial questions whether they're buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions from PITI Payments to IRR, NPV and Cashflows
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: For your client at the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or TVM calculations find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: To your clients by reducing their confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket user's guide, long-life battery, 1-year warranty
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