As of November 4, 2024, mortgage rates are as follows:
30-year fixed: 6.90%
20-year fixed: 6.86%
15-year fixed: 6.01%
10-year fixed: 6.01%
FHA 30-year fixed: 5.39%
Jumbo 30-year fixed: 6.90%
Here are some other mortgage rates:
5-year ARM: 7.444%
30-year jumbo: 7.11%
7/6 SOFR ARM: 6.94%
Freddie Mac says that mortgage rates are expected to remain volatile due to the jobs report, the 2024 election, and the Federal Reserve interest rate decision. However, they also say that mortgage rates are likely cresting and won’t reach the highs seen earlier in the year.