Mortgage Rates – November 4, 2025
Mortgage rates this week are inching a bit higher off the heels of an expected 25 basis point cut at last weeks fed meeting. Lenders had already priced in the cut which meant rates did not drop a full quarter percent, so, why are they trending higher?
Sentiment following the rate announcement was not overly positive and Fed Chair Jerome Powell seemed to clue into dissent amongst the fed members on what to do next. Many see rising inflation and a cooling job market as all the reason to keep rates put, while others are anxious to drop rated and kickstart a housing market that has been relatively frozen for some time.
Be on the lookout this week for ADP employment numbers releasing Wednesday. With the Bureau of Labor Statistics instructed to stand down on releasing job data, markets will surely be taking a closer look at ADP for signals of rising unemployment which could tick rates higher.
| Source | 15 Year Fixed | 30 Year Fixed |
|---|---|---|
| IcanBuy | 5.43 | 6.31 |
| Bankrate | 5.63 | 6.28 |
| Mortgage News Daily | 5.82 | 6.34 |
| Average | 5.6266666666667 | 6.31 |
*Actual rates available with your lender may vary.
