Today’s 30-year mortgage interest rates drop to 6.88% while 15-year terms fall to 6.00%
By: The median interest rate on a 30-year fixed-rate mortgage is 6.88% as of November 8, which is 0.11 percentage points lower than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 6.00%, which is 0.13 percentage points lower than yesterday. Due to encouraging economic data, the Fed cut the federal funds rate…