Mortgage and refinance interest rates today, November 29, 2025: Could the next move be below 6%?

Core Insights - Mortgage rates are approaching a significant threshold, with the average 30-year fixed mortgage rate currently at 6.00%, and a potential drop into the 5% range could stimulate buying or refinancing activity [1][18][20] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.00% - 20-year fixed: 5.86% - 15-year fixed: 5.50% - 5/1 ARM: 6.11% - 7/1 ARM: 6.15% - 30-year VA: 5.44% - 15-year VA: 5.10% - 5/1 VA: 5.11% [5][6] Trends in Mortgage Rates - Mortgage rates have been gradually declining, with the 30-year fixed rate dropping by over half a point since late May [20] - Economists do not anticipate significant drops in mortgage interest rates before the end of the year, suggesting only minor fluctuations [19] Market Conditions - The current housing market is considered relatively favorable for buyers compared to previous years, as home prices are stabilizing and not experiencing the rapid increases seen during the COVID-19 pandemic [16] - The 30-year fixed rate on conventional loans is now lower than it has been in over a year, indicating a potential opportunity for buyers [16] Refinancing Insights - Securing a low mortgage refinance rate involves similar strategies to obtaining a mortgage for a home purchase, such as improving credit scores and lowering debt-to-income ratios [21]