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.
📌 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
📊 Relevant Data
The average 30-year fixed mortgage rate in the United States from 1971 to 2025 is 7.70 percent.
United States 30-Year Mortgage Rate — Trading Economics
The average 30-year fixed mortgage rate as of November 14, 2024, was 6.78 percent.
Mortgage Rates Today, Nov. 20, 2024 — The Mortgage Reports
The median home price in the Twin Cities topped $400,000 in June 2025.
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.
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.
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 issues FOMC statement — Federal Reserve