Mortgage Rates for November 18, 2024
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Mortgage rates fluctuate with economic changes, new data, and lender risk tolerance. The Federal Reserve’s recent rate cuts, including a quarter-point in November and a half-point in September, influence market trends but don’t directly set fixed mortgage rates. Rates often follow the 10-year Treasury yield, which reflects investor confidence in the economy. While market conditions are unpredictable, waiting for perfect rates may not be practical for buyers or sellers. Instead, focus on shopping to find the best lender and rate for your needs.
All rate data is accurate as of November 18, 2024, at 7:30 a.m. ET.
Today’s 30-year mortgage interest rate
Today, the average 30-year fixed mortgage rate is 6.92 percent, an increase of 1 basis point from last week. The average rate was lower just a month ago, at 6.64 percent. At this rate, monthly payments total $659.94 per $100,000 borrowed in principal and interest.
Today’s 15-year mortgage interest rate
The latest average rate for a 15-year fixed mortgage is 6.18 percent. At this rate, monthly payments total $854 per $100,000 borrowed.
Consumers should shop around to get the best deal. Rates below national averages are available. FreeRateUpdate.com has verified fixed mortgage rates as low as 4.990 %, with a 5.225 % APR available today in our mortgage lender network.
