Mortgage Rates for November 19, 2024
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Based on economic shifts, new data, and lender risk assessments, mortgage rates change daily. While the Federal Reserve doesn’t set fixed mortgage rates, its recent cuts—quarter-point in November and half-point in September—can influence market trends. Rates often track the 10-year Treasury yield, which rises with investor confidence in the economy. Predicting the housing market is nearly impossible, so don’t let Fed decisions or inflation solely guide your timing. If you’re ready to buy or sell, monitor rates and compare lenders to secure the best deal.
All rate data is accurate as of November 19, 2024, at 7:30 a.m. ET.
Today’s 30-year mortgage interest rate
Today, the average 30-year fixed mortgage rate is 6.96 percent, an increase of 6 basis points from last week. The average rate was lower just a month ago, at 6.66 percent. At this rate, monthly payments total $662.62 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 6.25 percent. At this rate, monthly payments total $657 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 5.225 % APR available today in our mortgage lender network.
