Rates tick lower: Mortgage lenders with the best rates this week, Nov. 24, 2025

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The top three mortgage lenders with the best rates are the same as last week but in a slightly different order: Citi Mortgage, Navy Federal Credit Union, and PenFed Credit Union, according to a survey conducted by Yahoo Finance. Lenders were ranked by annual percentage rate (APR), which includes lender fees.

• MORE: See our top picks for mortgage lenders for first-time home buyers.

The mortgage lenders with the best rates: November 24, 2025

Here are the results of our survey for the lowest mortgage rates on 30-year, fixed-rate conventional loans this week. The following numbers are each lender’s annual percentage rate (APR).

1. Citi Mortgage: 5.72%

2. Navy Federal Credit Union: 5.74%

3. PenFed Credit Union: 5.824%

4. Chase Home Loans: 5.964%

5. Better: 6.079%

6. U.S. Bank: 6.146%

7. Truist: 6.166%

8. Rate: 6.171%

9. Fifth Third Bank: 6.269%

10. Citizens Bank: 6.325%

Credit unions dominate our low-rate lender survey

Mortgage rates ticked down this week among most of the leading mortgage lenders evaluated by Yahoo Finance.

Once again, we have added three new lenders to our survey, bringing the total to 16 companies. Two broke into the top 10 of our low-mortgage-rate leaderboard. Better Mortgage debuted at No. 5, and Fifth Third Bank at No. 9, bumping Wells Fargo and Bank of America out of the top 10.

It's important to note that while Navy Federal and PenFed are dominant VA loan lenders, the survey is based on conventional loan rates. PenFed does not restrict membership to those with a military connection — anyone can join. Navy Federal membership is available to military personnel, veterans, and their families.

Of the 16 lenders surveyed on November 24, Wells Fargo, PNC, Bank of America, Flagstar Bank, Rocket Mortgage, and Third Federal did not make the top 10, based on annual percentage rates.

An APR with a 1.44 percentage point difference separated the top lender, Citi Mortgage, from Third Federal at the bottom of our list, underscoring the importance of shopping for mortgage rates with multiple lenders.

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Important note: Sample mortgage rates use generic data

These are all sample mortgage rates found on lender websites and are based on generic assumptions. Lenders advertise 30-year mortgage rates based on varying credit scores, down payments, and other credit qualifications. Even where you live affects your mortgage rate.

Your rate will be based on your particular credit profile.

If a mortgage lender required additional borrower information to provide a sample rate, we supplied a median home value and credit score, with a 20% down payment based on a home located in the Midwest.

• See the average mortgage rate in your state.

How to shop for mortgage rates

The key to getting the lowest mortgage rate is shopping around, which could save borrowers up to $44,000 over the life of a 30-year loan, according to analysis by Realtor.com. So, that's what we're doing for you: Scouring national lender rates for the best offers we can find.

Focus on the APR

We're also looking for details that you will want to consider. Often, borrowers focus on the offered interest rate, as that's what lenders typically highlight. However, the mortgage annual percentage rate, or APR, is the most important number.

APR includes both the interest rate and lender fees (e.g., the mortgage origination fee), so it is the most accurate measure of your annual borrowing costs.

Discount points are an option

Lenders often include mortgage discount points to lower their offered interest rate. That's where things can get confusing.

First off, discount points are prepaid interest — an up-front fee paid at closing that reduces your interest rate. Although lenders often include discount points in their advertised rates online, buying points is optional.

Each point represents 1% of your loan amount and generally lowers your interest rate by about 0.25%. For example, one point on a $400,000 mortgage would cost $4,000 and reduce a 6.25% home loan to 6%.

Just remember, no matter what the lender puts in an advertised rate, or in a loan offer, when you get a Loan Estimate and you see discount points under the lender fees section, you can say “no” and have them removed. But your rate will be higher.

• Learn about how mortgage rates are determined.

Simplify your mortgage rate shopping process

That's a lot of moving parts, we know.

If possible, when shopping with three or more lenders, have each of them quote a mortgage rate with zero discount points. Then, focus on the APR for an accurate side-by-side comparison of rates and fees.

• Learn about how mortgage rates are determined.

Simplify your mortgage rate shopping process

That's a lot of moving parts, we know.

If possible, when shopping with three or more lenders, have each of them quote a mortgage rate with zero discount points. Then, focus on the APR for an accurate side-by-side comparison of rates and fees.

Laura Grace Tarpley edited this article.

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