Mortgage Rates for November 20, 2024
Written By
Based on economic changes, new data, and lender risk tolerance, mortgage rates vary daily. While the Federal Reserve doesn’t set fixed mortgage rates, its recent rate cuts—a quarter-point in November and a half-point in September—affect market conditions and may continue in December. Rates often align with the 10-year Treasury yield, which reflects investor confidence in the economy. Waiting for ideal rates can be challenging, so those ready to buy or sell should act when financially prepared. Comparing lenders and monitoring rates can help secure the best mortgage deal.
All rate data is accurate as of November 20, 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 6.71 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 6.25 percent. At this rate, monthly payments total $857 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 5.325 % APR available today in our mortgage lender network.
