Mortgage Watch

By Uncategorized November 14, 2025
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🏡Mortgage Rates Testing Top of November Range!

Mortgage Rates rose somewhat sharply following the late October Fed meeting but have been in a relatively narrow range so far in November. The range is so narrow, in fact, that yesterday's average rate was at the bottom of that range while today's rate is closer to the highs.

🔍 Why Rates Are Near the Top of the Range

  • Post-Fed Meeting Volatility: Rates rose sharply after the late October Federal Reserve meeting.

  • Government Reopening: The end of the shutdown added slight upward pressure on rates.

  • Lack of New Economic Data: With federal agencies just reopening, markets are waiting for fresh reports to guide momentum.

 

🧠 What This Means for Borrowers

  • Locking a rate now may be wise if you're close to closing, as rates could rise further depending on upcoming economic data.

  • Refinancers and buyers should monitor Treasury yields and inflation reports, which will influence rate direction.

 

Bottom Line: The bigger moves will likely come once fresh economic reports start rolling in again. Government agencies are back online, but we’re still waiting for updated release schedules. Until then, expect rates to hover in this narrow band.

 

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

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About The Author

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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.