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Mortgage Rates Steady as Fed Pauses on Further Cuts
11 Nov
Summary
- Mortgage rates expected to remain stable through 2025
- Federal Reserve considering another rate cut, but uncertain
- Adjustable-rate mortgages may not offer lower rates than fixed-rate
As of November 11th, 2025, the mortgage landscape remains relatively unchanged, with national average rates holding steady. According to the latest Zillow data, the 30-year fixed mortgage rate for home purchases is 6.16%, while the refinance rate stands at 6.33%.
The Federal Reserve has taken a cautious approach in recent months, considering another potential rate cut but not yet committing to it. After decreasing rates in 2024 and early 2025, the central bank has since paused, weighing various economic factors. Economists do not expect drastic mortgage rate drops before the end of 2025, as the Fed maintains a watchful stance.
Adjustable-rate mortgages (ARMs) may not offer the same rate advantage over fixed-rate options as they have in the past. In some cases, ARM rates have been starting higher than fixed rates, providing less of an incentive for homebuyers to choose the variable-rate option. Homeowners should carefully evaluate their options and long-term financial goals when deciding between fixed-rate and adjustable-rate mortgages.
