Contents
National mortgage interest rates
Mortgages news this week
Last week mortgage rates update
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Daily national mortgage rates
Mortgage Rate Update: November 07, 2025 — What Today’s Numbers Mean for Homebuyers and Homeowners
Current mortgage rates
- 30 Year Fixed6.23%
- 15 Year Fixed5.57%
- 10 Year Fixed5.63%
- 5/1 ARM5.48%
As of Friday, November 7, 2025, mortgage rates remain steady with only slight movement to close out the week. Today’s average 30-year fixed mortgage rate has inched up to 6.26%, while the 30-year fixed refinance rate has risen modestly to 6.55%. The 15-year refinance rate also shows a small uptick, now averaging 5.89%.
This mild upward trend reflects a market that continues to hover within a narrow, predictable range — offering both stability and consistency for borrowers. For homebuyers, the gradual rate movements mean there’s still an opportunity to secure financing at competitive levels before potential shifts later in the month.
Refinancers may see today’s rates as part of the broader pattern of steady conditions, allowing time to assess long-term goals such as reducing interest costs or shortening loan terms.
Overall, the mortgage market closes the week in familiar territory — calm, balanced, and steady — giving both buyers and homeowners a reliable backdrop as they plan ahead for the remainder of 2025.
Mortgage Rates Hit Their Lowest Point in a Year
Mortgage rates have fallen to their lowest level in twelve months, with the average 30-year fixed loan now sitting at 6.26%, based on the latest figures from Bankrate’s lender survey.
This dip follows a slide in the 10-year Treasury yield, which recently dropped below 4% — a key indicator that heavily influences long-term mortgage rates. Adding to the momentum, Federal Reserve Chair Jerome Powell signaled that another rate cut may be on the horizon later this month.
Additionally, the ongoing government shutdown could play a role in keeping borrowing costs down, as periods of economic uncertainty often lead to declines in mortgage rates.
Last Week’s Mortgage Rate Update
As of Thursday, October 30, 2025, mortgage rates are holding steady with only minimal movement from yesterday’s figures. Today’s average 30-year fixed mortgage rate sits at 6.19%, while the 30-year fixed refinance rate has inched up slightly to 6.55%. The 15-year refinance rate, meanwhile, has eased a touch to 5.87%.
This mix of small shifts underscores the market’s current stability — a reassuring sign for both homebuyers and homeowners as October comes to a close. For buyers, the steadiness in rates provides a predictable environment to finalize financing plans or lock in before potential changes heading into November.
Refinancers may also find these conditions favorable, particularly with the continued softness in 15-year rates, which could offer a path to faster loan payoff or reduced overall interest costs.
Overall, today’s calm in rate movements highlights a balanced mortgage landscape — steady, measured, and conducive to thoughtful decision-making as the market transitions toward the year’s final stretch.
Daily national mortgage rates
Mortgage Rate Update: November 07, 2025 — What Today’s Numbers Mean for Homebuyers and Homeowners
Current mortgage rates
- 30 Year Fixed6.23%
- 15 Year Fixed5.57%
- 10 Year Fixed5.63%
- 5/1 ARM5.48%
As of Friday, November 7, 2025, mortgage rates remain steady with only slight movement to close out the week. Today’s average 30-year fixed mortgage rate has inched up to 6.26%, while the 30-year fixed refinance rate has risen modestly to 6.55%. The 15-year refinance rate also shows a small uptick, now averaging 5.89%.
This mild upward trend reflects a market that continues to hover within a narrow, predictable range — offering both stability and consistency for borrowers. For homebuyers, the gradual rate movements mean there’s still an opportunity to secure financing at competitive levels before potential shifts later in the month.
Refinancers may see today’s rates as part of the broader pattern of steady conditions, allowing time to assess long-term goals such as reducing interest costs or shortening loan terms.
Overall, the mortgage market closes the week in familiar territory — calm, balanced, and steady — giving both buyers and homeowners a reliable backdrop as they plan ahead for the remainder of 2025.
Mortgage Rates Hit Their Lowest Point in a Year
Mortgage rates have fallen to their lowest level in twelve months, with the average 30-year fixed loan now sitting at 6.26%, based on the latest figures from Bankrate’s lender survey.
This dip follows a slide in the 10-year Treasury yield, which recently dropped below 4% — a key indicator that heavily influences long-term mortgage rates. Adding to the momentum, Federal Reserve Chair Jerome Powell signaled that another rate cut may be on the horizon later this month.
Additionally, the ongoing government shutdown could play a role in keeping borrowing costs down, as periods of economic uncertainty often lead to declines in mortgage rates.
Last Week’s Mortgage Rate Update
As of Thursday, October 30, 2025, mortgage rates are holding steady with only minimal movement from yesterday’s figures. Today’s average 30-year fixed mortgage rate sits at 6.19%, while the 30-year fixed refinance rate has inched up slightly to 6.55%. The 15-year refinance rate, meanwhile, has eased a touch to 5.87%.
This mix of small shifts underscores the market’s current stability — a reassuring sign for both homebuyers and homeowners as October comes to a close. For buyers, the steadiness in rates provides a predictable environment to finalize financing plans or lock in before potential changes heading into November.
Refinancers may also find these conditions favorable, particularly with the continued softness in 15-year rates, which could offer a path to faster loan payoff or reduced overall interest costs.
Overall, today’s calm in rate movements highlights a balanced mortgage landscape — steady, measured, and conducive to thoughtful decision-making as the market transitions toward the year’s final stretch.
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