Mortgage and refinance interest rates today, November 13, 2025: Rates aren't moving much

Core Insights - Mortgage rates have shown little movement recently, with the average 30-year fixed mortgage rate at 6.13% and the 15-year fixed rate at 5.59% [1][5] - The 10-year Treasury notes have also remained stable but have decreased slightly over the past week [1] Current Mortgage Rates - The current national average mortgage rates include: - 30-year fixed: 6.13% - 20-year fixed: 6.04% - 15-year fixed: 5.59% - 5/1 ARM: 6.47% - 7/1 ARM: 6.52% - 30-year VA: 5.77% - 15-year VA: 5.39% - 5/1 VA: 5.56% [5] Refinance Rates - Today's mortgage refinance interest rates are also provided, with national averages rounded to the nearest hundredth [3][6] - Refinance rates can sometimes be higher than purchase mortgage rates, but this is not always the case [3] Understanding Mortgage Rates - Mortgage interest rates are determined by factors that can be controlled, such as comparing lenders and improving credit scores, and factors that cannot be controlled, such as the overall economy [10][11] - Economic conditions influence mortgage rates; struggling economies typically see lower rates to encourage borrowing, while strong economies may lead to higher rates [12] Types of Mortgages - Two common types of mortgages are fixed-rate and adjustable-rate mortgages, with fixed-rate mortgages locking in the rate for the entire loan term [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 lower overall interest costs [13][14][15] FAQs on Mortgage Rates - Some banks, like Bank of America and Citibank, are noted for offering lower median mortgage rates, but it is advisable to shop around [16] - The lowest-ever 30-year fixed mortgage rate recorded was 2.65% in January 2021, and rates are unlikely to dip below 3% soon [18]