Mortgage Watch

By Tim MorissetteUncategorized November 7, 2025

IMG_3099jpg smaller

Mortgage Rate Update: A Gentle Rise, But Still Below Weekly Highs

Mortgage Rates have been on a bit of a roller coaster this week—but nothing too wild! After peaking on Wednesday at their highest point in about a month (and nearly hitting a two-month high), rates eased back down on Thursday thanks to softer economic data.

Today (Friday), the picture is mixed. Rates nudged slightly higher in the morning due to a weaker bond market, but a surprise dip in consumer sentiment helped bonds recover. That’s good news for rates—but not quite strong enough for most lenders to adjust their pricing before the weekend.

What This Means for You:

Rates are slightly higher than yesterday, but still well below Wednesday’s peak.
Economic data continues to influence rate movement, with consumer sentiment playing a key role today.
Looking ahead to Monday: If the bond market stays steady over the weekend, rates could return to Thursday’s levels. But as always, markets can shift unexpectedly.

Bottom Line: Mortgage rates are holding their ground despite some ups and downs. If you're house hunting or considering a refinance, it's a good time to stay informed—but no need to panic. Rates remain relatively favorable compared to recent highs.

Screenshot 2025-11-11 083618

SOURCE & AUTHOR | Keith Murphy Branch Manager – Essex Mortgage NMLS #330827 Direct: 714-309-1140 Apply: www.GoTeamMurphy.com

About the Author

Print-1-180×180

Tim Morissette, REALTOR®

Tim Morissette, also known in the community as Mr. Foothill Ranch, offers over 48 years of real estate experience which has given him an established reputation and unmatched market knowledge. He is joined by his wife, Michele and sons Matt and Jeff, as they continue to offer personal service with an emphasis on achieving his clients’ real estate goals. This unique combination of traits has led to his proven track record of referral and repeat business. This can be witnessed by the trust of homeowners in Foothill Ranch where he has sold twice as many homes and represented three times more buyers than the next-leading real estate agent for the last 29 years.

As residents of Foothill Ranch since 1994, Tim and Michele are actively involved in the community by fundraising for Foothill Ranch Library, Make-a-Wish Foundation, Cancer Society, Homes for Habitat, Relay for Life, South County Outreach, and the local church and schools. Tim enjoys sponsoring community-wide garage sales, paper shredding and e-waste recycling event, an Easter egg hunt, & a Meet Santa Event.

Tim and Michele are dedicated to their family of four sons, daughter-in-laws, and grandchildren. As a family, they enjoy many outdoor activities which include camping, spearfishing, mountain climbing and exploring the miles of hiking and equestrian trails in Foothill Ranch and the Whiting Ranch Wilderness Park. Tim and his sons are also avid snowboarders and enjoy mountain biking and lobster diving. Family is a top priority in the Morissette household. They look forward to helping more families achieve their dreams of homeownership.