What are today's 30-year fixed mortgage rates?

As of November 18, 2025, the national average for a 30-year fixed mortgage is 6.09% for purchases.

When will mortgage rates drop significantly?

Economists do not expect major mortgage rate decreases before 2026.

Should I choose a fixed-rate or adjustable-rate mortgage?

Fixed rates offer payment stability, while adjustable rates may start lower but have the potential to increase later.

Home / Business and Economy / Mortgage Rates Hold Steady: What to Expect Through 2025

Mortgage Rates Hold Steady: What to Expect Through 2025

18 Nov

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Summary

30-year fixed mortgage rates are 6.09% for purchases and 6.23% for refinances.
Economists do not anticipate significant mortgage rate drops before 2026.
Fixed-rate mortgages offer stability, while adjustable rates may start lower but risk increases.

Mortgage Rates Hold Steady: What to Expect Through 2025

As of November 18, 2025, national average mortgage rates remain stable, with the 30-year fixed rate at 6.09% for home purchases and 6.23% for refinances. These figures are averages, and individual rates may vary based on location and personal financial standing. Experts forecast minimal fluctuation in mortgage rates through the remainder of 2025, with only slight potential decreases anticipated for 2026, dependent on economic conditions and Federal Reserve actions.

The choice between fixed-rate and adjustable-rate mortgages (ARMs) remains a key consideration. Fixed rates provide predictable payments over the loan's life, offering security. ARMs, conversely, often begin with a lower introductory rate for a set period, like the first seven years of a 7/1 ARM, after which the rate adjusts annually based on market factors. While ARMs can offer initial savings, they carry the risk of increasing payments once the introductory period ends.