Mortgage Rates Today, November 24, 2025: 30‑Year Fixed Hovers Near 6.3% as Redfin Flags a Coming Pivot

Despite sky-high home prices and a two-year slump in sales, homebuyer optimism is oddly resilient – largely because so many buyers are betting that mortgage rates have to come down soon. Consumer surveys show a majority of Americans expect borrowing costs to ease in the near future prnewswire.com. After all, 30-year mortgage rates have finally edged down from their 7%+ peak earlier in the year to around 6.2%–6.3% recently ts2.tech, which feels like progress. In fact, this month rates briefly hit 6.27%, the lowest level in about a year ts2.tech. That dip, combined with a slight rise in housing inventory and cooling home prices, has given some house hunters hope that 2025 might bring relief.