Mortgage rates dipped slightly on Nov. 2, 2025, with the 30-year fixed rate falling to 6.8%, the lowest in over a month.

Mortgage rates edged down slightly on November 2, 2025, with the average 30-year fixed rate dipping to 6.8%, the lowest in over a month. Refinance rates also declined, reaching 6.7%, signaling potential relief for borrowers seeking to lower payments. The movement follows a drop in the 10-year Treasury yield, which influences mortgage pricing. While rates remain elevated compared to pre-pandemic levels, the trend suggests a possible shift toward more favorable conditions for refinancing.