Mortgage and refinance interest rates today, November 7, 2025: Annual rate down by a half-point

Mortgage rates are astatine slightest a half-point little than 1 twelvemonth ago. According to Freddie Mac, the nationalist mean 30-year fixed owe complaint roseate 5 ground points this week to 6.22% — 57 ground points little than 1 twelvemonth ago. The 15-year complaint was up 9 ground points to 5.50%, a half-point little than past twelvemonth astatine this time.

"This week the 30-year fixed-rate owe averaged 6.22%," said Sam Khater, Freddie Mac’s main economist. "On a median-priced home, this could let a homebuyer to prevention thousands annually compared to earlier this year, showing that affordability is dilatory improving.”

• Learn what to bash if you privation to bargain a location earlier the extremity of 2025.

Here are the existent owe rates, according to the latest Zillow data:

• 30-year fixed: 6.11%

• 20-year fixed: 6.00%

• 15-year fixed: 5.62%

• 5/1 ARM: 6.47%

• 7/1 ARM: 6.36%

• 30-year VA: 5.82%

• 15-year VA: 5.35%

• 5/1 VA: 5.70%

Remember, these are the nationalist averages and rounded to the nearest hundredth.

These are today's owe refinance rates, according to the latest Zillow data:

• 30-year fixed: 6.27%

• 20-year fixed: 6.19%

• 15-year fixed: 5.77%

• 5/1 ARM: 6.70%

• 7/1 ARM: 6.85%

• 30-year VA: 5.97%

• 15-year VA: 5.88%

• 5/1 VA: 5.64%

Again, the numbers provided are nationalist averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates erstwhile you bargain a house, though that's not ever the case.

Dig deeper into the 7 location refinance options.

• This representation compares mean owe rates by authorities

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• 8 strategies for getting the lowest owe rates

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• How does the authorities shutdown interaction owe rates? Experts measurement in.

Your owe complaint plays a ample relation successful however overmuch your monthly outgo volition be. Use this owe calculator to spot however your owe amount, rate, and word magnitude volition interaction your monthly payments:

To get an adjacent much elaborate look astatine your imaginable monthly payment, usage our Yahoo Finance owe calculator. It besides factors successful your homeowners insurance, spot taxes, owe insurance, and HOA fees.

A owe involvement complaint is simply a interest for borrowing wealth from your lender, expressed arsenic a percentage. You tin take from 2 types of rates: fixed oregon adjustable.

A fixed-rate owe locks successful your complaint for the full beingness of your loan. For example, if you get a 30-year owe with a 6% involvement rate, your complaint volition enactment astatine 6% for the full 30 years unless you refinance oregon sell.

An adjustable-rate owe locks successful your complaint for a predetermined magnitude of clip and past changes it periodically. Let’s accidental you get a 7/1 ARM with an introductory complaint of 6%. Your complaint would beryllium 6% for the archetypal 7 years, past the complaint would summation oregon alteration erstwhile per twelvemonth for the past 23 years of your term. Whether your complaint goes up oregon down depends connected respective factors, specified arsenic the system and lodging market.

At the opening of your owe term, astir of your monthly outgo goes toward interest. Your monthly outgo toward owe main and involvement stays the aforesaid passim the years — however, little and little of your outgo goes toward interest, and much goes toward the owe main oregon the magnitude you primitively borrowed.

• Determine whether an adjustable-rate vs. fixed-rate owe is amended for you.

A 30-year fixed-rate owe is simply a bully prime if you privation a little owe outgo and the predictability that comes with having a fixed rate. Just cognize that your complaint volition beryllium higher than if you take a shorter term, and you volition wage importantly much successful involvement implicit the years.

You mightiness similar a 15-year fixed-rate owe if you privation to wage disconnected your location indebtedness rapidly and prevention wealth connected interest. These shorter presumption travel with little involvement rates, and since you’re cutting your repayment clip successful half, you’ll prevention a batch successful involvement successful the agelong run. But you’ll request to beryllium definite you tin comfortably spend the higher monthly payments that travel with 15-year terms.

• Learn however to determine betwixt a 15-year and 30-year fixed-rate mortgage.

Typically, an adjustable-rate owe could beryllium bully if you program to merchantability earlier the introductory complaint play ends. Adjustable rates usually commencement little than fixed rates, past your complaint volition alteration aft a predetermined magnitude of time. However, 5/1 and 7/1 ARM rates person akin to (or adjacent higher than) 30-year fixed rates recently. Before getting an ARM conscionable for a little rate, comparison your complaint options from word to word and lender to lender.

Mortgage rates are somewhat little since the opening of October. However, location indebtedness rates are a half-point little than the aforesaid clip 1 twelvemonth ago.

Mortgage involvement rates volition proceed to waver a spot for the remainder of the year. The October forecasts from Fannie Mae and the Mortgage Bankers Association (MBA) foretell that the 30-year complaint volition stay astatine 6% oregon higher for astir of 2026, though Fannie Mae projects it volition autumn to 5.9% successful Q4 2026.

According to Freddie Mac, the nationalist mean 30-year owe complaint roseate 5 ground points to 6.22% for the week, portion the mean 15-year owe complaint moved higher by 9 ground points to 5.50%.

According to its October forecast, the MBA expects the 30-year owe complaint to beryllium 6.4% by the extremity of the twelvemonth and to stay determination done 2026. Fannie Mae besides predicts a 30-year complaint of 6.4% by the extremity of 2025.

Mortgage rates are apt to stay precise adjacent to their existent levels, according to astir manufacture forecasts, with immoderate predictions suggesting they whitethorn adjacent beryllium somewhat lower.