Mortgage and refinance interest rates today, November 14, 2025: Mostly unchanged (but still near 2025 lows)

Core Insights - The national average 30-year fixed mortgage rate increased by two basis points to 6.24%, which is more than half a point lower than the same time last year [1][14] - The 15-year fixed mortgage rate decreased by one basis point to 5.49%, representing a decline of 49 basis points compared to last year [1][14] - Mortgage rates have generally decreased since the end of May, with current rates being half a point lower than a year ago [13] Current Mortgage Rates - The current national average rates for various mortgage types include: - 30-year fixed: 6.25% - 20-year fixed: 6.04% - 15-year fixed: 5.73% - 5/1 ARM: 6.56% - 7/1 ARM: 6.84% - 30-year VA: 5.78% - 15-year VA: 5.57% - 5/1 VA: 5.39% [5] Refinance Rates - Current mortgage refinance rates are typically higher than purchase rates, although this is not always the case [3] - The latest refinance rates include: - 30-year fixed: 6.10% - 20-year fixed: 6.08% - 15-year fixed: 5.60% - 5/1 ARM: 6.39% - 7/1 ARM: 6.51% - 30-year VA: 5.55% - 15-year VA: 5.33% - 5/1 VA: 5.44% [4] Future Rate Predictions - The Mortgage Bankers Association (MBA) forecasts the 30-year mortgage rate to be 6.4% by the end of the year and to remain at that level through 2026 [16] - Fannie Mae also predicts a 30-year rate of 6.4% by the end of 2025 [16] - Industry forecasts suggest that mortgage rates will likely stay close to current levels, with some predictions indicating they may decrease slightly [17]