Mortgage and refinance interest rates today, November 6, 2025: Slightly higher following the Treasury trend

Core Insights - Mortgage rates have increased slightly, with the average 30-year fixed mortgage rate rising to 6.22%, compared to 6.79% a year ago, while the 15-year fixed rate rose to 5.50% from 6.00% a year ago [1] Current Mortgage Rates - The current national average for various mortgage rates includes a 30-year fixed at 6.15%, 20-year fixed at 6.11%, and 15-year fixed at 5.69% [5] - Another set of current rates shows a 30-year fixed at 6.30%, 20-year fixed at 6.25%, and 15-year fixed at 5.75% [6] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase mortgage rates, but this is not always the case [3][12] Mortgage Rate Determinants - Mortgage rates are influenced by both controllable factors, such as credit scores and down payments, and uncontrollable factors, primarily economic conditions [10][11] - Economic conditions, such as employment rates, can lead to lower mortgage rates during economic struggles and higher rates during strong economic periods [12] Mortgage Types - Fixed-rate mortgages lock in the interest rate for the entire loan term, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period before adjusting periodically [8] - A 30-year fixed mortgage offers lower monthly payments but incurs more interest over time, while a 15-year fixed mortgage has higher monthly payments but less total interest paid [13][14]