Mortgage rates for November 30, 2024, are in the mid-6% range. Rates have been elevated this month, and it's unclear how much they'll drop in 2025. If inflation doesn't cool as anticipated, mortgage rates may remain elevated next year.

Current U.S. mortgage rates show mixed trends, with the 30-year fixed rate steady at 6.45% and the 15-year fixed dipping slightly to 5.80%, according to Yahoo Finance.

A drop in mortgage rates for the first time in two months has sparked a surge in home purchase applications, breathing new life into the stagnant housing market.

These are today's mortgage and refinance rates. Mortgage rates have been elevated this month, and they may only drop a little bit next year.

The current median interest rate is 6.88% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage

After a brief dip in September and early October, mortgage rates have crept back up toward the 7% mark. There's a chance they'll fall to 6% by Dec. 31, but a more likely scenario is rates reaching that level in 2025. You can snag a great deal on a mortgage by boosting your credit score, shedding debt, and shopping around.

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