US Mortgage Rates Edge Up for 4th Week: MBA

2025-11-26 12:03 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 6.4% in the week ending November 21st, 2025, from 6.37% the previous period, according to the MBA.

It marked the fourth consecutive weekly increase, pushing the rate to the highest since mid-October.

Mortgage applications were up 0.2%, with those to purchase a home soaring 7.6%, while refinancing requests tumbled 5.7%.

“Affordability remains a challenge in many markets and government loan programs remain appealing to qualified buyers looking to purchase a home.

The average purchase loan size decreased to its lowest level in two months,” said Joel Kan, MBA Vice President.

Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $806,500) increased to 6.49% from 6.39% and the rate for 30-year fixed-rate mortgages backed by the FHA rose to 6.15% from 6.14%.



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