FX.co ★ US Mortgage Rates Edge Up for 4th Week: MBA

In the week ending November 21st, 2025, the average interest rate on 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) in the United States rose slightly to 6.4%, up from the previous week's 6.37%, as reported by the Mortgage Bankers Association (MBA). This increase marks the fourth consecutive week of rising rates, reaching their highest point since mid-October. Mortgage applications saw a modest rise of 0.2%, with applications for home purchases jumping by 7.6%. However, refinancing applications dropped by 5.7%. Joel Kan, Vice President of the MBA, noted, “Affordability remains a significant challenge in many markets, but government loan programs continue to attract qualified buyers. The average size of purchase loans has now fallen to its lowest in two months.”