Current Mortgage Refinance Rates: November 10, 2025 – Rates Hold Steady

30-year fixed refinance mortgage rates didn’t move at 6.4% today, according to the Mortgage Research Center. Rates averaged 5.41% for a 15-year financed mortgage and 6.06% for a 20-year financed mortgage.

Related: Compare Current Refinance Rates

30-Year Refinance Rates Climb 0.96%

Currently, the average rate for a 30-year, fixed-rate mortgage refinance is 6.4%, up 0.96% from last week. Borrowers with a 30-year, fixed-rate mortgage of $100,000 will pay $626 per month for principal and interest at the current interest rate, according to the Forbes Advisor mortgage calculator, not including taxes and fees. Over the life of the loan, the borrower will pay total interest costs of about $125,866.

Another way of looking at loan costs is the annual percentage rate, or APR. For a 30-year, fixed-rate mortgage, the APR is 6.43%, higher than last week’s 6.37%. The APR is essentially the all-in cost of the home loan.

20-Year Refinance Rates Climb 1.05%

The 20-year fixed mortgage refinance average rate stands at 6.06%, versus 6% last week.

The APR, or annual percentage rate, on a 20-year fixed mortgage is 6.1%. It was 6.04% last week.

At the current interest rate, a 20-year, fixed-rate mortgage refinance of $100,000 would cost $720 per month in principal and interest. That doesn’t include taxes and fees. That borrower would pay roughly $73,317 in total interest over the life of the loan.

15-Year Mortgage Refinance Rates Climb 0.95%

The 15-year fixed mortgage refinance is currently averaging about 5.41%, compared to 5.36% last week.

The APR, or annual percentage rate, on a 15-year fixed mortgage stands at 5.45%.

At the current interest rate, a borrower using a 15-year, fixed-rate mortgage refinance of $100,000 would pay $812 per month in principal and interest. That doesn’t include taxes and fees. That borrower would pay roughly $46,636 in total interest over the 15-year life of the loan.

30-Year Jumbo Refinance Rates Drop 1.19%

The average interest rate on the 30-year fixed-rate jumbo mortgage refinance (a loan above the federal conforming loan limit of $806,500 in most places) fell week-over-week to 6.72%. A week ago, the average rate was 6.8%.

Borrowers with a 30-year fixed-rate jumbo mortgage refinance with today’s interest rate will pay $646 per month in principal and interest per $100,000 borrowed.

15-Year Jumbo Refi Rates Climb 1.85%

A 15-year, fixed-rate jumbo mortgage refinance has an average interest rate of 6.04%, up 1.85% from last week.

At today’s rate, a borrower would pay $846 per month in principal and interest per $100,000 borrowed for a 15-year, fixed-rate jumbo refi. Over the life of the loan, that borrower would pay around $52,537 in total interest.

Are Refinance Rates and Mortgage Rates the Same?

Mortgage lenders charge different interest rates for purchase and refinance loans. Current refinance rates are typically 0.01% to 0.15% higher for a 30-year fixed rate versus a purchase loan.

You can reduce your interest rate by paying your closing costs up front instead of rolling them into the loan with a no-closing-cost refinance loan. Buying discount points and avoiding mortgage insurance can also help.

When considering a mortgage refinance, compare your current interest rate, mortgage balance and loan term with the new interest rate and term. This comparison helps you estimate your new monthly payment and savings, making it easier to determine if refinancing is the right choice.

Know When To Refinance Your Home

Refinancing your mortgage can be a wise move for many reasons, most notably lowering your interest rate or your monthly payments. It can also help you pay down your mortgage sooner, access your home’s equity or get rid of private mortgage insurance (PMI).

But there are closing costs associated with refinancing, so it probably makes more sense to refinance if you know you’ll be keeping your home for some time. You can determine the “break-even point” for a potential refinance, or how long it will take for savings from a new mortgage to surpass any closing costs. Find out what those costs will be and divide them by the monthly savings you’ll realize with the new mortgage.

The Forbes Advisor mortgage refinance calculator can help you run the numbers to see if it’s a good time for you to refinance.

How To Qualify for Today’s Best Refinance Rates

Refinancing a mortgage isn’t that different than taking out a mortgage in the first place, and it’s always smart to have a strategy for finding the lowest rate possible. Here are some suggested approaches to get the best rate:

• Polish up your credit score
• Lower your debt-to-income ratio
• Keep an eye on mortgage rates
• Consider a shorter loan

Having a strong credit score is one of the best things you can do to get approved and get a lower rate. You’re also likely to look better to mortgage refinance lenders if you don’t have too much debt relative to your income. You should keep a regular watch on mortgage rates, which fluctuate often. Also see if you can manage a mortgage payment for a shorter loan term since they usually have lower interest rates.

Refinance Interest Rate Trends for 2025

National average mortgage rates have remained in the mid-to-high 6% range throughout most of 2025, and experts expect this trend to remain for the rest of the year.

Although forecasting mortgage interest rates is challenging, economic indicators like inflation and unemployment rates can provide insights into the direction of the housing market. For example, if inflation slows and national unemployment levels remain stable or rise, the Federal Reserve may cut the federal funds rate, which could lead to lower mortgage rates. On the other hand, if inflation stays high and unemployment decreases, rates are likely to remain steady.

Since mortgage rates are expected to experience minimal movement during the remainder of the year, those looking to refinance at a lower rate should consider waiting until rates decrease. In the meantime, improving your credit score and making on-time payments will allow you to secure the best possible rate when you begin shopping for refinance offers.

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