Mortgage Rates Dip to Lowest Point Since October
Update: 2025-11-27
Description
Mortgage rates have hit a low not seen since October, with the average thirty-year fixed rate now at six point two three percent. This is a significant drop from last years average of six point eight one percent. The fifteen-year fixed rate has also decreased, now at five point five one percent. These lower rates present a favorable lending environment for potential homebuyers and those considering refinancing. However, individual rates can vary based on factors like credit score and down payment. Stay informed about these fluctuations to make the best financial decisions.
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