US Mortgage Rates Continue to Rise: MBA

2025-11-19 12:04 By Joana Taborda 1 min. read

The average contract interest rate on 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) in the US edged up to 6.37% in the week ending November 14th, 2025, from 6.34% the previous period, according to the MBA.

It marked the third consecutive weekly increase, pushing the rate to the highest in about a month.

Mortgage applications tumbled 5.2%, with applications to purchase a home decreasing 2.3%, and refinancing requests falling 7.3%.

“Application activity over the week was lower, with potential homebuyers moving to the sidelines again, although there was a small increase in FHA purchase applications.

Refinance applications decreased as borrowers remain sensitive to even small increases in rates at this level", said Joel Kan, MBA’s Vice President.

In addition, the average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 6.39% from 6.46%.

The rate for mortgages backed by the FHA remained unchanged at 6.14%.



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