30-year mortgage rate edges up to 6.26%
Freddie Mac said Thursday, Nov. 20, that the average U.S. 30‑year fixed mortgage rate rose to 6.26% from 6.24% a week earlier, the third straight weekly increase, while the 15‑year average rose to 5.54%. The update, which influences homebuying power in the Twin Cities, comes as the 10‑year Treasury hovered near 4.10% and markets trimmed expectations for a December Fed rate cut.
📌 Key Facts
- 30‑year fixed average: 6.26% (up from 6.24% last week); 15‑year fixed: 5.54% (up from 5.49%).
- Third consecutive weekly uptick; recent low was 6.17% three weeks ago.
- 10‑year Treasury ~4.10% midday; implied December Fed cut odds ~44% (CME).