The average U.S. mortgage loan interest rate rose slightly, up for the second consecutive week, according to Freddie Mac's weekly Primary Mortgage Market Survey for the week ending November 13, 2025.
The average interest rate on a 30‑year, fixed‑rate mortgage stood at 6.24 percent, up a bit from 6.22 percent the week before. Last year during the same week, the 30-year note averaged 6.78 percent.
After falling 21 basis points over two weeks in early September to 6.35 percent, 30-year mortgage rates have averaged below 6.40 percent.
The 15‑year, fixed‑rate mortgage, popular with homeowners refinancing, averaged 5.49 percent, down from 5.50 percent the previous week and 5.99 percent a year ago.
Meanwhile, the Mortgage Bankers Association (MBA) reported that for the week ending November 7, 2025, the seasonally adjusted Purchase Index of mortgage applications rose 6 percent from the previous week. On an unadjusted basis, the index gained 3 percent and is 31 percent above the same week a year ago.
The MBA reported that the average contract interest rate for a 30‑year, fixed-rate mortgage with a conforming loan balance increased slightly to 6.34 percent from 6.31 percent the week prior. The MBA and Freddie Mac use somewhat different methods to calculate average interest rates.
Well-qualified borrowers in Massachusetts often obtain mortgage interest rates below the national average, in part because of the high level of lender competition. [Related: 7 Ways Home Buyers Negatively Impact the Home Loan Process]
The MBA's data show that, despite a slight uptick in rates, homebuyer demand is rising, particularly in areas where more homes are available and price growth has moderated.
Pro Tip: Mortgage interest rates can change daily, and rates sometimes change intraday. If your mortgage interest rate isn't locked, there is no guarantee what the interest rate on your loan will be at the time of closing. You have to be sure your lender has locked the rate. You should not ever assume your loan officer has locked your rate without confirming.
