Mortgage and refinance interest rates today, November 20, 2025: Running in place

Mortgage Rates Overview - The average 30-year fixed mortgage rate is currently 6.26%, which is an increase of two basis points from the previous week, and down from 6.84% a year ago [1] - The 15-year fixed mortgage rate stands at 5.54%, up five basis points from the previous week, compared to 6.02% a year ago [1] - The 10-year Treasury yield has risen by more than 0.75% over the past week, indicating a correlation with mortgage rates [1] Market Stability - Mortgage rates have remained stable within a narrow ten-basis point range over the last month, which is seen as a positive sign for both buyers and sellers, providing greater certainty in the housing market [2] Current Mortgage Rates - Current national average mortgage rates include: - 30-year fixed: 6.18% [6] - 20-year fixed: 6.04% [6] - 15-year fixed: 5.58% [6] - 5/1 ARM: 6.32% [6] - 7/1 ARM: 6.30% [6] - 30-year VA: 5.65% [6] - 15-year VA: 5.20% [6] - 5/1 VA: 5.17% [6] Refinance Rates - Today's refinance interest rates show slight variations, with the 30-year fixed refinance rate at 6.30% and the 15-year fixed refinance rate at 5.73% [7] Mortgage Rate Determinants - Mortgage rates are influenced by controllable factors such as credit scores, debt-to-income ratios, and down payments, as well as uncontrollable economic factors [12][13] - A struggling economy typically leads to lower mortgage rates to encourage borrowing, while a strong economy results in higher rates to temper spending [14] 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 [10] - A 30-year mortgage offers lower monthly payments but incurs more interest over time, whereas a 15-year mortgage has higher monthly payments but lower overall interest costs [15][16]