Mortgage and refinance interest rates today, November 28, 2025: Some lenders are offering 6%, or lower, on 30-year loans

Core Insights - Mortgage rates are currently around 6%, with the national average for a 30-year fixed mortgage at 6.00% and a 15-year rate at 5.50% [1][4][14] - The mortgage market is experiencing fluctuations, with predictions indicating that rates will remain at or above 6% for most of 2026, although a slight decrease to 5.9% is projected for Q4 2026 [13][16] Current Mortgage Rates - The national average mortgage rates are as follows: - 30-year fixed: 6.00% - 15-year fixed: 5.50% - 20-year fixed: 5.86% - 5/1 ARM: 6.11% - 7/1 ARM: 6.15% [4][5] Refinance Rates - Current mortgage refinance rates are generally higher than purchase rates, with the following averages: - 30-year fixed: 6.14% - 15-year fixed: 5.60% - 5/1 ARM: 6.55% - 7/1 ARM: 6.72% [5][3] Rate Trends - Mortgage rates have decreased since late May, currently being half a point lower than the same period last year [13] - Freddie Mac reports a slight decline in the national average 30-year mortgage rate to 6.23% and the 15-year rate to 5.51% [14] Future Projections - The Mortgage Bankers Association (MBA) forecasts the 30-year mortgage rate to be 6.4% by the end of 2025 and to remain stable through 2026 [16] - Fannie Mae also aligns with this prediction, suggesting a similar rate of 6.4% by the end of 2025 [16]