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How HIGH Will Mortgage Interest Rates Go?These rates are current as of 10/31/ Explore what a lower interest rate means for your wallet. Rate 1. %, %, %, %, %, %. On Sunday, November 10, , the current average interest rate for the benchmark year fixed mortgage is %, rising 2 basis points compared to this time. View daily mortgage and refinance interest rates for a variety of mortgage products, and learn how we can help you reach your home financing goals.