Average 30-year mortgage rate ticks up to 6.22% after four-week slide

📌 Key Facts

After four straight weekly declines, Freddie Mac reported the average 30-year fixed mortgage rate rose to 6.22% (from 6.17%) on Nov. 6 and later to 6.26% (from 6.24%) on Nov. 20, marking a third straight weekly increase by mid-November.
The average 15-year fixed mortgage rate rose to 5.50% (from 5.41%) on Nov. 6 and to 5.54% (from 5.49%) on Nov. 20, reflecting a similar uptick in shorter-term mortgage rates.
The 10-year Treasury yield was about 4.09%–4.10% at midday on the reported days, a key benchmark influencing mortgage rates.
Traders priced roughly a 44% chance of a December Federal Reserve rate cut, according to CME data referenced in the coverage.
Context noted that the Fed cut rates again the prior week, but Chair Powell cautioned there was no guarantee of a December cut and warned that tariffs could push up inflation — factors that can affect mortgage-rate movements.
Despite recent increases, mortgage rates remain near a recent yearly low (6.17% three weeks earlier) and have stayed below 6.4% since early September.

Posts on X highlight how the mortgage rate increase to 6.22% exacerbates the rent-versus-buy disparity, making homeownership twice as expensive as renting in major cities, a trend not emphasized in mainstream reports.
Social media users on X discuss the 'golden handcuffs' effect, where homeowners with low-rate mortgages from previous years are reluctant to sell, stifling housing supply and contributing to market stagnation missing from mainstream coverage.
X conversations point out the demographic impact on young buyers, noting that high mortgage rates combined with 10.5% unemployment for ages 16-24 make it increasingly difficult for this group to enter the housing market.
Users on X express concerns that persistent inflation and potential Federal Reserve policy shifts could push rates even higher, potentially leading to a housing price collapse if rates drop sharply, a forward-looking perspective absent in mainstream articles.
Posts on X emphasize how rising everyday costs like insurance and healthcare are diverting funds, effectively making a 5% mortgage rate feel equivalent to 6% in terms of affordability, adding context to the broader economic pressures on potential buyers.

Based on 3 sources

Twin Cities by Associated Press November 20, 2025

New information:

Freddie Mac reports the average 30-year fixed mortgage rate rose to 6.26% from 6.24% last week, the third consecutive weekly increase.
The 15-year fixed rate averaged 5.54%, up from 5.49% the prior week.
The 10-year Treasury yield was about 4.10% at midday Thursday; traders now see ~44% odds of a December Fed rate cut (CME data).
Rates remain near their yearly low (6.17% three weeks ago) and below 6.4% since early September.

Twin Cities by Associated Press November 06, 2025

New information:

Freddie Mac reports the average 30-year fixed mortgage rose to 6.22% from 6.17%, the first uptick in five weeks.
The average 15-year fixed mortgage rose to 5.50% from 5.41%.
The 10-year Treasury yield was about 4.09% midday Thursday.
Context: Fed cut rates again last week; Powell cautioned no guarantee of a December cut and tariffs could pressure inflation, influencing mortgage rates.

Twin Cities by Associated Press October 30, 2025