🏡 Mortgage Market Update – November 24, 2025

Mortgage rates have edged upward for a third consecutive week, with the average 30-year fixed rate around 6.25%. While this is higher than recent lows, it remains below many of the peaks we saw earlier this year.

Refinancing rates are also moving, with many homeowners seeing rates in the mid-6 percent range for 30-year terms—still offering value for those who locked in higher rates previously and are evaluating their options.

Affordability continues to be a key challenge in the housing market. Even with rates that are relatively stable, the cost to buy remains high compared to incomes in many markets. On the plus side, the modest rate increase may encourage buyers and sellers to act now rather than wait for more uncertainty.

The current environment favors being proactive: if you’re considering purchasing a home, refinancing, or using your home equity, now is a practical time to review your strategy and align it with your long-term goals.

👉 Ready to explore your options? Let’s connect and create a plan that fits your timeline, budget, and goals—whether you’re buying, refinancing, or simply reviewing what’s possible.