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How the Federal Reserve interest rate cut could affect AmericansFor today, Saturday, November 09, , the current average interest rate for a year fixed mortgage is %, rising 2 basis points compared to this time. The average two-year fixed mortgage rate is %, according to financial information company Moneyfacts. A five-year deal is %. It means many homebuyers. View today's current mortgage rates with our national average index, calculated daily to bring you the most accurate data when purchasing or refinancing.