The Tool Desk
Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →The December 17, 2024 headline said refinance rates moved up, but the exact refinance-rate figures behind it could not be verified. Nearby purchase-rate data and broader weekly or monthly averages are not substitutes for that missing daily refinance table. This is a historical rate update, not a current offer.
What is known about the December 17 refinance-rate update?
The headline identifies an upward move, but the precise December 17 refinance products, rates, and daily changes are not established. A separate The Mortgage Reports rate table dated December 17 covered purchase mortgages, not refinance offers. Its figures cannot be used to reconstruct the missing refinance table.
That purchase table also showed mixed daily movements: for example, its conventional 30-year fixed rate was 6.512% with a listed daily change of −0.01, while the FHA 30-year fixed rate was 6.639% with a listed change of +0.09. Those figures are specific to the table’s purchase products and partner-network methodology; they do not establish that every mortgage product rose or show what a refinancing borrower could obtain.
How do nearby market averages compare?
These figures put the date in context, but they measure different periods and are not December 17 refinance quotes.
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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 much more
- CONFIDENTLY AND EASILY SOLVES: All your clients' financial questions whether they are 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
- 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: 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: Reduce your clients' 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, and long-life batteries
| Measure | Figure | What it represents |
|---|---|---|
| 30-year fixed | 6.60% on December 12, 2024 | Freddie Mac weekly survey figure reported by the Associated Press; down from 6.69% the prior week. AP report |
| 15-year fixed | 5.84% on December 12, 2024 | Freddie Mac weekly survey figure reported by the Associated Press; down from 5.96% the prior week. AP report |
| 30-year fixed | 6.72% for December 2024 | Monthly average cited by the Federal Housing Finance Agency in its January 2025 report, sourced to Freddie Mac’s Primary Mortgage Market Survey. It is not a single-day quote. FHFA report |
The Associated Press explains that mortgage rates are influenced by 10-year Treasury yields; the Federal Reserve does not directly set mortgage rates. A weekly survey average, a monthly average, a partner-network snapshot, and a lender’s offer to a particular borrower are different kinds of information.
Why can a refinance rate differ from a published rate?
A rate table is a dated snapshot tied to particular loan products, lenders, and borrower assumptions. A borrower’s actual offer may differ. Partner-network or advertised rates are not universal market prices, and published figures may not reflect an individual borrower’s circumstances.
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- Loan Amortization and Remaining Balances
- Instant Principal, Interest, Interest Only and Total Payments
- Future Values
- Date math function
When comparing offers, distinguish the interest rate from the annual percentage rate (APR). APR incorporates fees and other costs as well as interest, so it can give a more complete basis for comparing offers. Methodologies also vary: for example, Bankrate describes using national averages, a weekly survey, and averages of advertised partner offers. Its live figures accessed in 2026 do not establish historical December 2024 rates. Bankrate’s refinance-rate methodology and rates
What to compare before refinancing
Use written offers for the same loan scenario rather than comparing a historical headline with a current quote. Review the details that determine both cost and fit:
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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, and long-life battery
- Product and rate structure: Compare the same product type and whether the rate is fixed or adjustable.
- Term: Compare like-for-like repayment periods. A 15-year loan generally has higher monthly payments than a 30-year loan, but pays the balance off sooner.
- Interest rate and APR: Check both, along with the fees and points included in each offer.
- Monthly payment and total costs: Consider how the new payment and upfront costs fit your finances, not just the headline rate.
- Expected time with the loan: Weigh the costs against how long you expect to keep the loan. Whether refinancing saves money depends on your actual fees and circumstances; calculate the break-even point rather than assuming a lower rate guarantees savings.
What the December 2024 figures say about refinance activity
The FHFA’s January 2025 report says 56% of December 2024 refinances were cash-out refinances. That is a monthly share, not a December 17 rate or a measure of whether refinancing was financially beneficial for any particular borrower.
Quick Recap
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- The mortgage is a huge part of buying a house and you should know your options, figure your monthly payments (using mortgage calculator), understand the different mortgage loan types, learn what is emi and mortgage insurance etc.
- This mini-course is also crucial If you already have a mortgage because you must understand the terms of your mortgage and check if you should refinance your mortgage (We live in a time in which refinancing can often save a lot of money because of the low interest rates).
- We have a few extra tools for you that will help you get the most of the app:
- Weekly reminder - Schedule lessons time and days of the week, in which you want to use the time learning and using the app. The app will notify when it's time.
- Notes tool - here you'll write your notes and ideas you'll want to remember later on.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
