Mortgage and refinance rates today, January 4, 2025: Fixed rates hardly move

Mortgage rates are inching down today — but just barely. According to Zillow, the 30-year fixed mortgage rate has decreased by one basis point to 6.67%, and the 15-year fixed rate is down four basis points to 6.00%.

Rates will probably decline throughout 2025, but not drastically. If you're otherwise ready to buy a home, now could be as good a time as any to start house hunting.

Dig deeper: Should you buy a house? How to know if you're ready.

Here are the current mortgage rates, according to the latest Zillow data:

• 30-year fixed: 6.67%

• 20-year fix...