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Yahoo Personal Finance

Mortgage and refinance rates today, November 26, 2024: Rates finally fall

Laura Grace Tarpley, CEPF · Lead Editor and Content Strategist, Mortgages
5 min read

Mortgage rates are down across the board today. According to Zillow, the 30-year fixed mortgage rate has decreased by 16 basis points to 6.44%, and the 15-year fixed rate has dropped by 11 basis points to 5.81%. The 5/1 ARM rate has plummeted by 59 basis points to 6.62%, putting it below 7% for the first time in over a week.

It could be a good time to buy a house. Mortgage rates are finally showing signs of easing. There is usually less competition in late autumn and winter — the trade-off, however, is that there are fewer houses on the market than in spring and summer, so you might have trouble finding a home you love.

Dig deeper: What is the best time of year to buy a house?

Today's mortgage rates

Here are the current mortgage rates, according to our latest Zillow data:

  • 30-year fixed: 6.44%

  • 20-year fixed: 6.28%

  • 15-year fixed: 5.81%

  • 5/1 ARM: 6.62%

  • 7/1 ARM: 6.51%

  • 30-year VA: 5.87%

  • 15-year VA: 5.55%

  • 5/1 VA: 5.46%

  • 30-year FHA: 5.58%

Remember that these are the national averages and rounded to the nearest hundredth.

Read more: How to get the lowest mortgage rates possible

Today's mortgage refinance rates

These are the current mortgage refinance rates, according to the latest Zillow data:

  • 30-year fixed: 6.56%

  • 20-year fixed: 6.27%

  • 15-year fixed: 5.92%

  • 5/1 ARM: 6.14%

  • 7/1 ARM: 6.63%

  • 30-year VA: 5.89%

  • 15-year VA: 5.78%

  • 5/1 VA: 5.56%

Again, the numbers provided are national averages rounded to the nearest hundredth. Refinance rates are usually higher than purchase rates.