Mortgage and Refinance Rates Show Slight Decrease in November 2025

Mortgage and refinance interest rates are slightly decreasing as of November 5, 2025. Experts predict 30-year fixed mortgage rates will stabilize between 6.1% and 6.3% by the end of the month, barring any major disruptions. Rates are currently lower than at the start of 2025, and market conditions suggest potential for further improvement. Steven Glick, director of mortgage sales at HomeAbroad, forecasts that signals of a December easing by the Fed could lower rates by 5 to 10 basis points, but a hawkish surprise could push rates back up toward 6.4%. He notes that rapid bond market movements can significantly impact borrowers, with a sudden rise to 4.2% potentially leading to 6.5% mortgage rates. Despite these shifts, inflation remains a challenge, with the latest report showing it at 3%, still above the Fed's 2% target. Mortgage rates are currently elevated and unlikely to drop significantly unless the Consumer Price Index (CPI) decreases, particularly in shelter and food costs. Borrowers under contract should secure rates below 6.2% as they are at a 2025 low, and waiting could risk a rate rebound due to positive economic data. Refinancers should consider asking lenders about slightly higher rates with credits toward closing costs.