Mortgage and refinance interest rates today, November 11, 2025: Little change with no catalyst to move lower

Mortgage rates are small changed today. According to Zillow, the 30-year fixed owe complaint clicked up 1 ground constituent to 6.16%, portion the 15-year fixed complaint roseate 4 ground points to 5.61%. Mortgage rates, similar the 10-year Treasury yield, are wobbling without a steadfast direction.

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

• 30-year fixed: 6.16%

• 20-year fixed: 6.04%

• 15-year fixed: 5.61%

• 5/1 ARM: 6.54%

• 7/1 ARM: 6.51%

• 30-year VA: 5.61%

• 15-year VA: 5.35%

• 5/1 VA: 5.57%

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

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

• 30-year fixed: 6.33%

• 20-year fixed: 6.30%

• 15-year fixed: 5.82%

• 5/1 ARM: 6.63%

• 7/1 ARM: 6.95%

• 30-year VA: 5.97%

• 15-year VA: 5.77%

• 5/1 VA: 5.42%

Again, the numbers provided are nationalist averages rounded to the nearest hundredth. Refinance rates are usually higher than acquisition rates.

A owe calculator tin assistance you spot however assorted owe word lengths and involvement rates volition impact your monthly payments. Use this owe calculator to play astir with antithetic outcomes.

The Yahoo Finance owe calculator besides considers factors similar spot taxes and homeowners security erstwhile calculating your estimated monthly owe payment. This gives you a amended thought of your full monthly outgo than if you conscionable looked astatine owe main and interest.

As a wide rule, 15-year owe rates are little than 30-year owe rates. When comparing 15- versus 30-year owe rates, cognize that the shorter word volition prevention you wealth connected involvement successful the agelong run. However, your monthly payments volition beryllium higher due to the fact that you’re paying disconnected the aforesaid indebtedness magnitude successful fractional the time.

For example, with a $400,000 owe with a 30-year word and a 6.16% rate, you'll marque a monthly outgo of astir $2,440 toward your owe main and interest. As involvement accumulates implicit decades, you’ll extremity up paying $478,221 in interest.

If you get a $400,000 15-year owe with a 5.61% rate, you’ll wage astir $3,292 monthly toward your main and interest. However, you’ll lone wage $192,511 in involvement implicit the years.

If that 15-year owe monthly outgo is excessively high, retrieve you tin ever marque other owe payments connected your 30-year indebtedness to wage disconnected your owe faster and yet wage little interest.

With a fixed-rate mortgage, your complaint is locked successful from time one. However, you volition get a caller complaint if you refinance your mortgage.

An adjustable-rate owe keeps your complaint the aforesaid for a acceptable play of time. Then the complaint volition spell up oregon down depending connected respective factors, specified arsenic the system and the maximum magnitude your complaint tin alteration according to your contract. For example, with a 7/1 ARM, your complaint would beryllium locked successful for the archetypal 7 years, past alteration each twelvemonth for the remainder of your term.

Adjustable rates sometimes commencement little than fixed rates, but erstwhile the archetypal rate-lock play ends, you hazard your involvement complaint going up. ARM rates person besides been starting higher than fixed rates recently, truthful sometimes you don't get a complaint break.

Determine however to take betwixt an adjustable-rate vs. fixed-rate mortgage.

Economists don't expect drastic owe complaint drops earlier the extremity of 2025.

In 2024, owe rates trended downward from aboriginal August to the Sept. 18 Federal Reserve meeting, erstwhile the cardinal slope announced a 50-basis-point slash to the national funds rate.

The Fed decreased its complaint again astatine its November and December meetings (by 25 bps each time). However, it paused for months to see the adjacent move.

Finally, the Federal Reserve announced 2 complaint cuts successful 2025, including astatine its past gathering connected Oct. 29. The Fed is considering different complaint chopped earlier the extremity of the year, but it's not a definite thing. Currently, the CME FedWatch instrumentality predicts a 64% accidental of different quarter-point chopped astatine the adjacent Fed gathering successful December.

Learn however the Federal Reserve complaint determination impacts owe rates.

According to Zillow data, today's 30-year fixed complaint is 6.16% for location purchases and 6.33% for refinances. These are the nationalist averages, truthful support successful caput the mean successful your authorities oregon metropolis could beryllium different. Your complaint volition besides alteration depending connected your idiosyncratic finances.

Mortgage rates aren't expected to determination overmuch by the extremity of 2025. As the Federal Reserve considers each applicable fiscal factors earlier its adjacent gathering successful December, adjacent different short-term involvement complaint chopped is successful doubt.

Mortgage rates mightiness easiness a spot little successful 2026. Depending connected the economy, inflation, and the Fed, immoderate decreases whitethorn beryllium comparatively small.