Mortgage Watch

By Uncategorized December 5, 2025
Morissette Meet Santa Event 2025-36

 Mortgage Rate Recap: Thanksgiving Week Through Early December

Mortgage Rates stayed relatively steady through the Thanksgiving holiday, with only modest movement as markets reopened. On November 24 (the day before the holiday weekend), the average 30‑year fixed mortgage rate was about 6.25%–6.33%. By December 5, rates had nudged slightly higher, hovering near 6.4%–6.5%. Fifteen‑year loans held in the 5.6%–5.7% range.

 What Drove Rates This Week

If there’s one resounding theme in the bond market this week, it’s that trading momentum marched to its own beat with almost zero regard for the available economic data.

  • Midweek Disconnect: On Wednesday, markets barely reacted to the ADP employment report or ISM manufacturing data.
  • Stale Inflation Data: Friday’s PCE release was delayed from September, making it largely irrelevant for traders.
  • Consumer Sentiment: The only other report—Consumer Sentiment—rarely moves markets, and this week was no exception.
  • Result: The past five days marked a casual return to the prevailing range, with\traders essentially ignoring the data and waiting for bigger catalysts.
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 What’s Next

This quiet stretch sets the stage for more decisive moves in the weeks ahead:

  • Fed Meeting (next week): Markets will be watching closely for signals on rate policy heading into 2026.
  • Jobs Report (the week after): A strong or weak labor print could break rates out of their current holding pattern.
  •  

Bottom Line: With the Fed meeting and jobs report on deck, expect the next big moves in mortgage rates to come soon!

 

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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.