Mortgage rates are increasing in the short term, with the average 30-year fixed rate rising to around 6.24% as of mid-November 2025, up from recent lows. This recent upward trend follows a period of declines, with rates still significantly lower than the previous year but showing volatility due to market uncertainty and inflation fears. The increase makes mortgages more expensive, but some experts believe rates could continue a downward trajectory into 2026.
