Today, on November 18, 2025, potential homebuyers are in luck as mortgage interest rates have hit a record low. According to CBS News, the average rate for a 30-year fixed mortgage is now at an astonishingly low 2.75%. This comes after rates dropped slightly from 3.00% on November 17, showing a trend of declining rates throughout the week.

Experts attribute this significant drop in mortgage interest rates to various factors, including favorable economic conditions, low inflation rates, and strong demand in the housing market. With the Federal Reserve continuing to keep short-term interest rates near zero, it is likely that mortgage rates will remain at historic lows as we head into 2025.

Potential homebuyers looking to lock in these incredibly low rates should act quickly, as they are subject to change at any moment. By taking advantage of today's mortgage interest rates, buyers have an opportunity to save thousands of dollars over the life of their loan.

As we approach 2025, this news serves as a reminder of the importance of staying informed and acting decisively in a rapidly changing economic landscape.