Lowest Mortgage Rates Since 10/28 And Very Close to 3-Year Lows

Both the FHFA and the S&P/Cotality Case-Shiller home-price indices released new data this week. The message remains consistent: home prices are still higher than a year ago, but the pace of appreciation continues to slow. FHFA’s national index shows prices up 1.7% year-over-year and flat 0.0% month-over-month in September after August was revised to 0.0%. The stagnation in monthly movement reflects a clear deceleration taking hold across most regions. The Case-Shiller 20-City Composite posted a 1.4% annual gain in September, down from 1.6% in the previous month. On a seasonally adjusted basis, the 20-City Composite rose 0.1% month-over-month , consistent with the broader cooling trend as elevated mortgage rates continue to weigh on demand and affordability. Both indices point to similar conditions: slower appreciation, weaker monthly momentum, and home-price growth now trailing inflation. This shift further tightens affordability and underscores a market that has transitioned into a slower, more restrained phase of the cycle. Conforming Loan Limit Update (2026) The FHFA announced that the 2026 baseline conforming loan limit for one-unit properties is $832,750 , an increase of $26,250 from 2025. High-cost areas will see a limit of $1,249,125 , or 150% of the national baseline. These updates reflect slower—but still positive—home-price appreciation over the past year and will shape eligibility and pricing for conforming mortgages.

November 25, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.20% -0.12%   6.13% 7.26% 15 Yr. Fixed 5.75% -0.05%   5.6% 6.59% 30 Yr. Jumbo 6.40% -0.01%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Nov 25, 2025 Lowest Mortgage Rates Since 10/28 And Very Close to 3-Year Lows Tue, Nov 25, 2025 4:04PM Mortgage rates moved nicely lower on Tuesday with the average lender very close to the 2025 lows seen in late October. These levels are effectively right in line with the lowest since late 2022. If today's drop seems abrupt, that's because it is. In fact, it's a bigger drop than the underlying bond market justifies. There's a reason for this and we covered it in detail back in September: Why Rates Seem to Drop More Quickly as They Approach Certain Thresholds. Rather than credit any of the recent underlying events, the improvement in rates/bonds has more to do with idiosyncratic trading condi... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.20% -0.12 0.00 15 Yr. Fixed 5.75% -0.05 0.00 30 Yr. FHA 5.82% -0.09 0.00 30 Yr. Jumbo 6.40% -0.01 0.00 7/6 SOFR ARM 5.70% -0.18 0.00 30 Yr. VA 5.85% -0.08 0.00 Updates Daily - Last Update: 11/25 Freddie Mac Rate Change Points 30 Yr. Fixed 6.26% +0.02 0.00 15 Yr. Fixed 5.54% +0.05 0.00 Updates Weekly - Last Update: 11/20 Mortgage Bankers Assoc. 30 Yr. Fixed 6.37% +0.03 0.62 15 Yr. Fixed 5.83% +0.13 0.69 30 Yr. Jumbo 6.39% -0.07 0.42 Updates Weekly - Last Update: 11/19 UMBS 30YR 5.0 99.87 +0.16   95.05 100.11 UMBS 30YR 5.5 101.28 +0.10   97.47 101.40 10 YR Treasury 4.007 -0.021   3.932 4.780 10yr Flirting With 4.0%, But Not Because of Data Tue, Nov 25, 2025 8:53AM ADP's weekly employment report showed another contraction at -13.5k, but unlike last week, no one seems to care. We also got the delayed release of Retail Sales with a notably weak -0.1 vs 0.3 control group, and backlogged PPI that was just a hair cooler than expected. There too, zero bond market reaction. Thanksgiving week trading vibes are in full effect.&... (read more) MBS Price Change UMBS 4.5 97.98 +0.20 UMBS 5.0 99.87 +0.16 UMBS 5.5 101.28 +0.10 GNMA 4.5 97.95 +0.50 GNMA 5.0 99.98 +0.13 GNMA 5.5 101.09 +0.12 Pricing as of: 11/25 4:41PM EST US Treasury Yield Change 2 YR Treasury 3.463 -0.031 5 YR Treasury 3.570 -0.025 7 YR Treasury 3.758 -0.024 10 YR Treasury 4.007 -0.021 30 YR Treasury 4.668 +0.004 Pricing as of: 11/25 4:41PM EST Other News Conforming Loan Limit Rises to $832,750 Amid Lowest Home Price Growth Since 2012 Tue, Nov 25, 2025 3:13PM Both the FHFA and the S&P/Cotality Case-Shiller home-price indices released new data this week. The message remains consistent: home prices are still higher than a year ago, but the pace of appreciation continues to slow. FHFA’s national index shows prices up 1.7% year-over-year and flat 0.0% month-over-month in September after August was revised to... (read more) Compliance, Broker Products; MBA on Credit Costs; LO Strategy for Aging Buyers; Pulte and Grand Jury Tue, Nov 25, 2025 11:52AM Want better affordability? Lower house prices certainly helps, and this article states that more than half of homes in the United States have fallen in price in the last year. Forget interest rates: Certainly, there are fewer willing buyers when they know ahead of time that they may face increasing insurance, tax, or condo fees. (Lenders are doing what they ... (read more) Latest Video U.S. Treasury reports an October record deficit of $284B Core wholesale prices rose less than expected in September; retail sales ga... Consumer confidence misses at 88.7 vs. 93.2 estimated Pending home sales rise 1.9% in October Around the Web FHFA FHFA Announces Conforming Loan Limit Values for 2026 CNBC Sellers are taking their homes off the market at the fastest pace in nearly a decade The Conference Board US Consumer Confidence Fell Sharply in November Eye on Housing Share of New Homes with Decks Edges Lower FHFA U.S. House Prices Rise 2.2 Percent Year over Year; Up 0.2 percent Quarter over Quarter NAR NAR Pending Home Sales Report Shows 1.9% Increase in October CNBC Private payroll losses accelerated in the past four weeks, ADP reports CNBC Multifamily housing leads CRE bid competition in October Calculated Risk Case-Shiller: National House Price Index Up 1.3% year-over-year in September CNBC Core wholesale prices rose less than expected in September; retail sales gain Reuters Rising energy costs lift US producer prices in September Eye on Housing Building Material Prices Continued to Rise in September CNBC Treasury yields hold steady as Fed cut remains in focus

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