The average 30-year fixed rate mortgage was 6.23% yesterday, unchanged since the day before. The 15-year fixed mortgage rate stood at 5.31%, the same as one the day before. The 30-year FHA mortgage averaged 5.45% yesterday, having stayed the same. Meanwhile, the 30-year jumbo mortgage rate was 6.73%, reflecting no change.
The bigger picture
Markets are inherently unpredictable, and only a fool predicts with any confidence what will happen in them. However, there are good grounds for hoping today will be a quiet one for bonds and mortgage rates.
At least, that's been the case on Black Fridays most years. And you can imagine why:
- Most of the top people on Wall Street — the ones who initiate big, strategic trades — are likely taking a long weekend.
- The people still in offices will probably be mostly hungover and praying for a quiet day.
- Bond markets close early, at 2 p.m. Eastern, today, limiting the potential for big movements. A type of bond largely determines mortgage rates.
Of course, we might be surprised, but we're expecting mortgage rates to barely move. That's especially likely as today's lone economic report is one that rarely budges those rates. Scroll down for details of that report.
Mortgage rates today are in a good place
"Heading into the Thanksgiving holiday, mortgage rates decreased," reported Freddie Mac on Wednesday. "With pending home sales at the highest level since last November, homebuyer activity continues to show resilience nearing year-end."
"The 30-year fixed-rate mortgage averaged 6.23% as of November 26, 2025, down from last week when it averaged 6.26%," continued Freddie. "A year ago at this time, the 30-year FRM averaged 6.81%." Freddie's weekly average rate matches ICanBuy's daily one on Wednesday evening.
The next big trigger for possibly large movements in mortgage rates is the Federal Reserve's rate-setting meeting scheduled for Dec. 10. There are a few economic reports on next week's calendar that could affect those rates, but none that's likely to send them soaring or tumbling.
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Mortgage Rate Trends: Past 90 Days
Purchase Rates
| Loan Type | Rate | APR | Daily Change | Monthly Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.23% | 6.26% | +0% | +0.08% |
| 15-Year Fixed | 5.31% | 5.36% | +0% | +0.02% |
| 30-Year Fixed FHA | 5.45% | 6.67% | +0% | -0.03% |
| 30-Year Fixed VA | 5.55% | 5.7% | +0% | -0.06% |
| 30-Year Fixed USDA | 5.49% | 5.63% | +0% | -0.04% |
| 30-Year Fixed Jumbo | 6.73% | 6.75% | +0% | +0.05% |
| 5/6 Year ARM | 6.03% | 6.06% | +0% | -0.21% |
Refinance Rates
| Loan Type | Rate | APR | Daily Change | Monthly Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.26% | 6.29% | +0% | +-0% |
| 15-Year Fixed | 5.3% | 5.35% | +0% | +0.02% |
| 30-Year Fixed FHA | 5.42% | 6.64% | +0% | -0.01% |
| 30-Year Fixed VA | 5.59% | 5.73% | +0% | -0.07% |
| 5/6 Year ARM | 6.03% | 6.07% | +0% | -0.19% |
What's coming up?
Although economic reports are usually the main drivers of changes to mortgage rates, they're not the only ones. The general mood in markets and economically consequential news can also affect those rates. News items concerning employment, inflation, tariffs and deficit funding are especially influential at the moment.
With the government reopening, we can anticipate the publication of official reports to slowly return to normal. Had the shutdown been brief, we could have expected a flood of official economic reports on reopening. But the length of the hiatus means that it is no longer the case. Data won't have been collected — let alone compiled and prepared for publication — during the shutdown. So, delayed or even canceled reports are inevitable.
Mortgage rates today
There is only one economic report on today's MarketWatch economic calendar:
- Chicago business barometer for November — Markets expect a 45.5 index reading, up from October's 43.8
Worse-than-expected economic news tends to push mortgage rates lower, while better-than-expected figures usually send
them upward. It will likely take some shocking data in today's barometer to affect mortgage rates.
