Mortgage and refinance interest rates today, November 11, 2025: Little change with no catalyst to decrease

Mortgage Rates Overview - Current 30-year fixed mortgage rate is 6.16%, up one basis point, while the 15-year fixed rate is at 5.61%, up four basis points [1] - Mortgage rates are fluctuating without a clear trend, similar to the 10-year Treasury yield [1] Current Mortgage Rates - National average rates include: - 30-year fixed: 6.16% - 20-year fixed: 6.04% - 15-year fixed: 5.61% - 5/1 ARM: 6.54% - 7/1 ARM: 6.51% - 30-year VA: 5.61% - 15-year VA: 5.35% - 5/1 VA: 5.57% [5] Refinance Rates - Refinance rates are generally higher than purchase rates, with the current national average for 30-year fixed refinance at 6.33% [16] Mortgage Payment Calculations - A $400,000 mortgage at 30 years with a 6.16% rate results in a monthly payment of approximately $2,440, totaling $478,221 in interest over the term [8] - A $400,000 15-year mortgage at 5.61% results in a monthly payment of about $3,292, with total interest paid being $192,511 [8] Fixed vs. Adjustable-Rate Mortgages - Fixed-rate mortgages lock in the interest rate from the start, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period before adjusting [10][11] - ARMs may start with lower rates but carry the risk of increasing rates after the initial period [12] Future Mortgage Rate Expectations - Economists do not anticipate significant drops in mortgage rates before the end of 2025, with potential rate cuts from the Federal Reserve being uncertain [13][17] - Predictions indicate that any decreases in mortgage rates in 2026 may be modest, influenced by economic conditions and inflation [18]