Mortgage and refinance interest rates today for November 24, 2025: Fluctuating slightly without momentum

Core Insights - Mortgage rates have been fluctuating slightly, with the average 30-year fixed mortgage rate currently at 6.11% and the 15-year fixed rate at 5.62% [1][16][17] Current Mortgage Rates - The national average for the 30-year fixed mortgage rate is 6.11%, while the 15-year fixed rate stands at 5.62% [1][16] - Other mortgage rates include 20-year fixed at 5.94%, 5/1 ARM at 6.17%, and 7/1 ARM at 6.08% [4][16] Refinance Rates - Current mortgage refinance rates are generally higher than purchase rates, with the average 30-year refinance rate at 6.28% and the 15-year refinance rate at 5.73% [5][3] Adjustable Mortgage Rates - Adjustable-rate mortgages (ARMs) typically start lower than fixed rates, with the 5/1 ARM currently at 6.17% [4][10] - ARMs can be beneficial for those planning to sell before the rate adjustment period, but they carry the risk of future rate increases [11][12] Strategies for Lower Rates - To secure lower mortgage rates, borrowers should aim for higher down payments, excellent credit scores, and low debt-to-income ratios [13] - Options for reducing rates include paying for discount points at closing or considering temporary interest rate buydowns [14][15] Market Outlook - Mortgage rates are not expected to drop significantly before the end of the year, influenced by factors such as government shutdown, inflation, tariffs, and Federal Reserve actions [18]