{"id":454,"date":"2025-11-03T09:05:05","date_gmt":"2025-11-03T10:05:05","guid":{"rendered":"http:\/\/www.capitalskips.com\/?p=454"},"modified":"2025-11-03T12:14:31","modified_gmt":"2025-11-03T12:14:31","slug":"mortgage-rates-today-november-3-2025-30-year-rates-steady-15-year-rates-up","status":"publish","type":"post","link":"http:\/\/www.capitalskips.com\/index.php\/2025\/11\/03\/mortgage-rates-today-november-3-2025-30-year-rates-steady-15-year-rates-up\/","title":{"rendered":"Mortgage Rates Today: November 3, 2025 \u2013 30-Year Rates Steady, 15-Year Rates Up"},"content":{"rendered":"

\u00a0The current average mortgage rate<\/a><\/span> on a 30-year fixed mortgage is 6.28%<\/strong>, according to the Mortgage Research Center. The average rate on a 15-year mortgage is 5.41%<\/strong>, while the average rate on a 30-year jumbo mortgage is 6.74%<\/strong>.<\/p>\n

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30-Year Mortgage Rates Climb 0.45%<\/h2>\n

Today, the average rate on a 30-year mortgage is 6.28%, compared to last week when it was 6.25%.<\/p>\n

The APR on a 30-year, fixed-rate mortgage is 6.31%. The APR was 6.28% last week. APR<\/a><\/span> is the all-in cost of your loan.<\/p>\n

With today’s interest rate of 6.28%, a 30-year fixed mortgage of $100,000 costs approximately $617 per month in principal and interest (taxes and fees not included), the Forbes Advisor mortgage calculator<\/a><\/span> shows. Borrowers will pay about $122,948 in total interest over the life of the loan.\u00a0<\/p>\n

15-Year Mortgage Rates Climb 1.90%<\/h2>\n

The average interest rate on a 15-year mortgage<\/a><\/span> (fixed-rate) rose to 5.41%. This same time last week, the 15-year fixed-rate mortgage was at 5.3%.<\/p>\n

The APR on a 15-year fixed is 5.45%. It was 5.35% this time last week.<\/p>\n

With an interest rate of 5.41%, you would pay $812 per month in principal and interest for every $100,000 borrowed. Over the life of the loan, you would pay $46,626 in total interest.<\/p>\n

Jumbo Mortgage Rates Climb 2.06%<\/h2>\n

The current average interest rate on a 30-year, fixed-rate jumbo mortgage (a mortgage above 2025’s conforming loan limit of $806,500 in most areas) is 6.74%\u20142.06% higher than last week.<\/p>\n

A 30-year jumbo mortgage at today’s fixed interest rate of 6.74% will cost you $648 per month in principal and interest per $100,000. That adds up to approximately $133,711 in total interest over the life of the loan. <\/p>\n

Mortgage Rate Trends in 2025<\/h2>\n

After reaching 7.04% in January, the average interest rate for a 30-year fixed mortgage has steadily remained in the mid-to-high 6% range. The 15-year fixed mortgage rate has hovered between the low-6% and mid-to-high 5% range since its January peak of 6.27%.<\/p>\n

Rates have trended downward since mid-January 2025, but experts aren\u2019t forecasting further significant decreases in 2025. Rate drops may continue in 2026, especially if the Federal Reserve continues to cut the federal funds rate down.\u00a0<\/p>\n

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When Will Mortgage Rates Go Down?<\/h2>\n

Mortgage rates are influenced by various economic factors, making it difficult to predict when they will drop<\/a><\/span>.<\/p>\n

Mortgage rates follow U.S. Treasury bond yields. When bond yields decrease, mortgage rates generally follow suit.<\/p>\n

The Federal Reserve’s decisions and global events also play a key role in shaping mortgage rates. If inflation rises or the economy slows, the Fed may lower its federal funds rate. For example, during the Covid-19 pandemic, the Fed reduced rates, which drove interest rates to record lows.<\/p>\n

A significant drop in mortgage rates seems unlikely in the near future. However, they may decline if inflation eases or the economy weakens. <\/p>\n

How Much House Can I Afford?<\/h2>\n

The amount of house you can afford<\/a><\/span> depends on a number of factors, including your income and debt.<\/p>\n

Here are a few basic factors that go into what you can afford:<\/p>\n