Average 30-year mortgage rate dips to 6.23%
Freddie Mac's weekly survey shows the average U.S. 30-year fixed mortgage rate fell to 6.23% as of Nov. 26, 2025, ending a three-week climb. The move directly affects Minneapolis-Saint Paul borrowers and sellers by influencing monthly payments, refinancing decisions, and housing demand heading into the holiday season.
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📊 Relevant Data
The average 30-year fixed mortgage rate in the United States from 1971 to 2025 is 7.70 percent. ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate)) ([Trading Economics](https://tradingeconomics.com/united-states/30-year-mortgage-rate))
United States 30-Year Mortgage Rate — Trading Economics
The average 30-year fixed mortgage rate as of November 14, 2024, was 6.78 percent. ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024)) ([The Mortgage Reports](https://themortgagereports.com/mortgage-rates-now/mortgage-rates-today-nov-20-2024))
Mortgage Rates Today, Nov. 20, 2024 — The Mortgage Reports
The median home price in the Twin Cities topped $400,000 in June 2025. ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155)) ([Star Tribune](https://www.startribune.com/twin-cities-median-home-house-price-housing-market-buyer-seller-expensive-400k/601424155))
Twin Cities median home price tops $400,000 — Star Tribune
In 2025, the homeownership rate for Black households in the United States is 43.3 percent, compared to the overall rate of 64.9 percent. ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025)) ([iEmergent](https://www.iemergent.com/insights/black-homeownership-2025))
The State of Black Homeownership in 2025 — iEmergent
White households have home values 2.5 times higher than Black and Hispanic households, contributing to wealth disparities that affect homeownership rates. ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing)) ([U.S. Department of the Treasury](https://home.treasury.gov/news/featured-stories/racial-differences-in-economic-security-housing))
Racial Differences in Economic Security: Housing — U.S. Department of the Treasury
The Federal Reserve cut its policy interest rate by 0.25 percent in October 2025. ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm)) ([Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20251029a.htm))
Federal Reserve issues FOMC statement — Federal Reserve
📌 Key Facts
- 30‑year fixed average: 6.23% (week of Nov. 26, 2025)
- Breaks a three‑week streak of rising rates
- Rates influence Twin Cities home affordability, buyer activity, and refinancing
📰 Source Timeline (1)
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