Mortgage and refinance interest rates today, November 21, 2025: Rates are still near 2025 lows

Core Insights - Mortgage rates are currently fluctuating within a narrow range, with the national average 30-year fixed mortgage rate at 6.26%, which is significantly lower than the peak of 7.04% in January 2023 [1][14] - The 15-year fixed mortgage rate has increased to 5.54%, up five basis points from the previous week [1][14] - Predictions indicate that mortgage rates will remain at or above 6% for most of 2026, with a slight decrease expected towards the end of that year [13][16] Current Mortgage Rates - The current national average mortgage rates include: - 30-year fixed: 6.26% - 20-year fixed: 6.06% - 15-year fixed: 5.71% - 5/1 ARM: 6.43% - 7/1 ARM: 6.47% - 30-year VA: 5.64% - 15-year VA: 5.28% - 5/1 VA: 5.16% [5] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, with the following averages: - 30-year fixed: 6.10% - 20-year fixed: 5.86% - 15-year fixed: 5.57% - 5/1 ARM: 6.14% - 7/1 ARM: 6.03% - 30-year VA: 5.77% - 15-year VA: 5.26% - 5/1 VA: 5.21% [4] Market Trends - Mortgage rates have generally decreased since the end of May, currently being half a point lower than the same time last year [13] - The Mortgage Bankers Association (MBA) forecasts a 30-year mortgage rate of 6.4% by the end of 2023, remaining stable through 2026 [16][17]