Video
November 21, 2025
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November 21, 2025
A Calm Week for Rates, but a Major Shift Is Building
Market Update
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Mortgage rates barely moved this week, but the calm hides what is really happening. The market is building toward a shift that could create more opportunity for you in early 2026. Rates are noticeably lower than they were at the start of the year, and that alone has already helped many buyers qualify who could not earlier. Another small drop could open the door even wider.
The recent government shutdown slowed the release of important inflation and jobs data. Without that information, the market stayed frozen. The Fed is expected to hold steady again in December, but early 2026 may bring the next real movement. The administration wants lower inflation and a healthier housing market, and those priorities support the long term trend toward lower mortgage rates.
If you are a first time buyer, you are part of the group driving much of the momentum. Your share of home purchases has started rising again, showing that many buyers like you are waiting for the right moment to jump in.
If you already own a home, you may feel stuck because you do not want to give up your current rate. Many homeowners feel that way. If borrowing costs move lower, more people will list their homes, giving you more options to choose from.
There is also discussion about tools that could make buying or selling easier, such as longer term mortgages, portable mortgages, or updates to capital gains rules. A longer term mortgage would not trap you for decades. Almost no one keeps a mortgage for its full term. As income rises and home values grow, you always have options to refinance, sell, or pay down the loan sooner. The main benefit is a more affordable payment today.
Seller credits are still common and can help reduce your interest rate even further. The biggest risk is waiting for the perfect moment. If rates drop and demand jumps, prices could move quickly.
The quiet you see today is setting up a more active spring, and preparing early can help you take advantage of the shift.
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The information contained is the viewpoint of the presenter(s). Individuals should consult their own financial representative.
Estimated Mortgage Payment is for exemplary purposes only. Contact a licensed loan officer for exact numbers and APR. Additional rates and terms may apply and are subject to change without notice. Loan scenario assumes a purchase price of Zillow's list price and a 10% down payment. Points and fees not included. Property tax, homeowners insurance, mortgage insurance, and HOA fees are approximate and may vary. Other fees may apply. Product displayed is a conventional 30-year fixed rate mortgage using the current average rate as shown on Mortgage News Daily (mortgagenewsdaily.com).
Estimated Qualifying Income assumes a homebuyer has a FICO score above 740, no other credit debt, and a debt-to-income (DTI) ratio of 43%.
For exact numbers and APR or to run a loan scenario based on your own credit and income, contact our office at (858) 259-8700.
Rate Source: Mortgage News Daily. Rates displayed are approximate, subject to change, and do not necessarily reflect rates available to you. MND’s methods involve an objective component based on lenders' raw prices as well as a subjective impression from their network of originators. For more information about how these rates are calculated, visit www.mortgagenewsdaily.com/mortgage-rates/about.
Mortgage News Daily (MND) is a trademark of Brown House Media, Inc. Zillow is a trademark of Zillow, Inc. CrossCountry Mortgage has not been authorized, sponsored, or otherwise approved by Brown House Media, Inc. or Zillow, Inc.
Equal Housing Opportunity. All loans subject to underwriting approval. Certain restrictions apply. Call (858) 259-8700 for details. All borrowers must meet minimum credit score, loan-to-value, debt-to-income, and other requirements to qualify for any mortgage program. CrossCountry Mortgage, LLC is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the federal government. CrossCountry Mortgage, LLC is not affiliated with or acting on behalf of or at the direction of the Veteran Affairs Office or any government agency. Certificate of Eligibility required for VA loans. By refinancing, the existing loan total finance charges may be higher over the life of the loan.
