Mortgage and refinance interest rates today for November 10, 2025: Compare 30-year and 15-year rates and payments

Core Insights - Mortgage rates have recently fluctuated but are currently at their lowest in over a year, with the average 30-year fixed mortgage rate at 6.15% and the 15-year fixed rate at 5.57% [1][18][19] - The favorable rates present a potential opportunity for homebuyers to enter the market [1] Current Mortgage Rates - The national average mortgage rates are as follows: - 30-year fixed: 6.15% - 20-year fixed: 5.97% - 15-year fixed: 5.57% - 5/1 ARM: 6.38% - 7/1 ARM: 6.45% - 30-year VA: 5.69% - 15-year VA: 5.25% - 5/1 VA: 5.70% [5][18] Refinance Rates - Current mortgage refinance rates are generally higher than purchase rates, although this is not always the case [3][18] Adjustable Mortgage Rates - Adjustable-rate mortgages (ARMs) typically start with lower rates than fixed-rate mortgages but can increase after the initial period [12][13] - Recent trends show that ARM rates can be similar to or even higher than fixed rates, necessitating careful comparison among lenders [14] Strategies for Lower Rates - To secure lower mortgage rates, borrowers should aim for higher down payments, excellent credit scores, and low debt-to-income ratios [15] - Options such as buying down interest rates through discount points at closing can also be considered [16][17] Market Outlook - Economists do not expect significant drops in mortgage rates before the end of the year, as various economic factors are being monitored [20]