12/01/2025
๐ก ๐๐ผ๐ฟ ๐๐ต๐ฒ ๐ช๐ฒ๐ฒ๐ธ ๐ผ๐ณ ๐๐ฒ๐ฐ๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐ญ, ๐ฎ๐ฌ๐ฎ๐ฑ
๐๐ฎ๐๐ ๐ช๐ฒ๐ฒ๐ธ'๐ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ฅ๐ฎ๐๐ฒ ๐ฅ๐ฒ๐ฐ๐ฎ๐ฝ: ๐ฅ๐ฎ๐๐ฒ๐ ๐ถ๐บ๐ฝ๐ฟ๐ผ๐๐ฒ๐ฑ ๐
Mortgage rates continued to improve last week ahead of the holiday, and although rates only moved slightly lower they were near the best levels seen since October.
๐ง๐ต๐ถ๐ ๐ช๐ฒ๐ฒ๐ธ'๐ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ฅ๐ฎ๐๐ฒ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐: ๐ฅ๐ฎ๐๐ฒ๐ ๐ฐ๐ผ๐๐น๐ฑ ๐๐ผ๐ฟ๐๐ฒ๐ป ๐
Rates may creep back up a bit this week, or at best will likely stay near current levels. It's tough to imagine mortgage rates can move much lower in the next couple of weeks, especially understanding that mortgage rates already reflect expectations that the Fed will cut policy rates one more time at its December meeting.
๐ ๐ช๐ต๐ฎ๐โ๐ ๐ฎ๐ณ๐ณ๐ฒ๐ฐ๐๐ถ๐ป๐ด ๐ฟ๐ฎ๐๐ฒ๐ ๐๐ต๐ถ๐ ๐๐ฒ๐ฒ๐ธ:
- Economic data: This week should have been a week filled with important labor market data ahead of next week's Fed meeting, but due to the government shutdown most of the reports have been delayed until later this month. However, there is still some data this week that could influence mortgage rates depending on how strong it shows the labor market and economy to be.
- The Fed: Markets are currently betting on a Fed policy rate cut at its next meeting, which is why mortgage rates have moved lower from earlier in November. If anything were to cause doubt about a coming cut, it could pressure mortgage rates slightly higher once again.
