Core Insights - Mortgage rates have remained stable over the past six weeks, with the average 30-year fixed mortgage rate at 6.11% and the 15-year fixed rate at 5.62% [1][18] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.11% - 20-year fixed: 5.94% - 15-year fixed: 5.62% - 5/1 ARM: 6.17% - 7/1 ARM: 6.08% - 30-year VA: 5.58% - 15-year VA: 5.33% - 5/1 VA: 5.32% [5] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, with the national averages rounded to the nearest hundredth [3] Market Trends - Mortgage rates have gradually decreased, with the 30-year fixed rate dropping by over half a point since late May [20] - Economists do not expect significant drops in mortgage interest rates before the end of the year, although minor fluctuations may occur [19] Buying Considerations - The current housing market is relatively favorable for buyers compared to the previous years, as home prices are not spiking like during the COVID-19 pandemic [16] - The best time to buy a house is when it aligns with individual life circumstances rather than attempting to time the market [17]
Mortgage and refinance interest rates today, November 22, 2025: Stuck in a range for 6 weeks