Mapped: Today’s 30-Year Mortgage Rates Across Every U.S. State (November 2025)
As of November 2025, the average 30-year fixed mortgage rate in the U.S. is 6.29% Freddie Mac report, with Kentucky offering the lowest rates and Hawaii the highest.
Rates vary slightly by state but remain near their lowest levels in over a year.
Mapped: Today’s 30-Year Mortgage Rates Across Every U.S. State (November 2025)
Mapped: Today’s 30-Year Mortgage Rates Across Every U.S. State (November 2025)
Explore November 2025’s 30-year mortgage rates across all U.S. states. See where rates are lowest and highest.
Focus On: 30-year mortgage rates, mortgage rates by state, November 2025 mortgage rates, refinance rates, home loan trends USA
Introduction: Why Mortgage Rates Matter More Than Ever
Mortgage rates are more than just numbers—they shape the affordability of homes, the pace of the housing market, and the financial future of millions of Americans.
In November 2025, the average 30-year fixed mortgage rate in the U.S. stands at 6.29%, a figure that’s slightly lower than last week and close to the lowest levels seen in over a year.
But that national average only tells part of the story. Rates vary from state to state, influenced by local competition, borrower profiles, and economic conditions.
In this article, we’ll break down the latest mortgage rate trends, explore why rates differ across states, and help you understand what it means for your homebuying journey.
Mortgage Refinance Rates October 2025: Impacts refinancing, home buying & rate trends
National Mortgage Rate Snapshot
According to data from Zillow, Forbes, and the Mortgage Research Center:
- 30-Year Fixed Rate: 6.29%
- 15-Year Fixed Rate: 5.42%
- Jumbo Mortgage Rate: 6.71%
- Lowest Recent Rate: 6.35% (13-month low, 10 days ago)
Despite a recent Federal Reserve rate cut, mortgage rates edged higher due to 10-year Treasury yields and inflation expectations, which influence long-term borrowing costs more than the Fed’s short-term benchmark.
State-by-State Mortgage Rate Breakdown
| Category | States | Rate Range |
|---|---|---|
| Lowest Rates | Kentucky, New York, North Carolina, Louisiana, California, New Jersey | 6.36%–6.41% |
| Highest Rates | Hawaii, Nevada, Massachusetts, Utah, New Mexico | 6.57%–6.60% |
The difference between the lowest and highest state averages is just 0.24 percentage points, but that can still impact monthly payments and total interest over time.
Mortgage Rate Forecasts 2025–2030: U.S. and Europe
Why Mortgage Rates Vary by State
Even though mortgage rates generally move in the same direction nationwide, several factors create subtle differences across states:
- Lender Competition: States with more lenders tend to offer better rates due to competitive pricing.
- Borrower Profiles: Average credit scores, income levels, and loan sizes vary by region.
- Local Regulations: State-specific lending laws and taxes can influence rate structures.
- Risk Management: Lenders adjust rates based on regional market volatility and default risk.
What This Means for Buyers
While rates are higher than in previous years, they’re still near their lowest point in over a year. Experts suggest that waiting for a “perfect” rate may not be wise, especially if you’re financially ready and find a home that fits your needs.
Key Advice:
- Focus on readiness: Steady income, manageable debt, and a solid down payment
- Don’t chase teaser rates: Advertised rates often assume ideal borrower conditions
- Consider refinancing later: If rates drop, you can always refinance
Mortgage Cost Examples
| Loan Amount | Rate | Monthly Payment (P&I) | Total Interest (30 yrs) |
|---|---|---|---|
| $100,000 | 6.29% | $618 | ~$123,182 |
| $100,000 | 5.42% (15-yr) | $813 | ~$46,703 |
| $100,000 | 6.71% (Jumbo) | $646 | ~$132,993 |
How to Use This Data
If you’re house hunting, us=e this map and rate data to:
- Compare affordability across states
- Estimate monthly payments based on your location
- Time your purchase or refinance based on rate trends
State-by-State Mortgage Rate Table
| State | Avg. Rate | Monthly Payment ($200K Loan) | Total Interest (30 yrs) |
|---|---|---|---|
| Kentucky | 6.36% | $1,236 | ~$146,000 |
| New York | 6.38% | $1,239 | ~$147,000 |
| California | 6.40% | $1,242 | ~$148,000 |
| Hawaii | 6.60% | $1,280 | ~$158,000 |
| Nevada | 6.59% | $1,278 | ~$157,000 |
Note: These estimates assume a 20% down payment and a credit score between 680–739.
FAQs
What is today’s average 30-year fixed mortgage rate?
6.29%, down from 6.31% last week.
Will mortgage rates drop in 2025?
Experts expect rates to hold steady in the mid-6% range, with possible easing in 2026.
Does the Fed rate cut lower mortgage rates?
Not directly—mortgage rates follow Treasury yields and inflation trends more closely.
Can I refinance if rates fall later?
Yes, refinancing is a common strategy to lower monthly payments if rates drop.
Are advertised rates accurate?
Often not. Teaser rates assume ideal borrower conditions and may include upfront points.
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mortgage rates november 2025, 30-year fixed mortgage USA, refinance rates, mortgage rates by state, housing market trends, home loan advice