Mortgage Rates for November 21, 2024
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Mortgage rates fluctuate with economic changes, new data, and lender risk assessments. Recent Federal Reserve cuts—quarter-point in November and half-point in September—impact market conditions, though future adjustments remain uncertain following Donald Trump’s reelection. Fixed mortgage rates often move with the 10-year Treasury yield, which rises when investor confidence in the economy grows. Waiting for the perfect market conditions can be tricky, so acting when you’re financially ready may be wiser. Comparing lenders and regularly monitoring rates can help you secure the best mortgage deal.
All rate data is accurate as of November 21, 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 4 basis points from last week. The average rate was lower just a month ago, at 6.80 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 5.250 %, with a 5.567 % APR available today in our mortgage lender network.
