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Homebuyers Make a Final Push Before the Holidays, But Stubborn Rates Limit Momentum

shawn-a
Shawn A. November 29
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Mortgage activity barely budged last week as interest rates continued to hover inside one of the narrowest ranges we’ve seen in months. According to the Mortgage Bankers Association, overall mortgage applications rose just 0.2%—essentially flat—showing how little motivation borrowers feel in today’s rate environment.

The average 30-year fixed rate for conforming loans ticked up to 6.40%, the highest level since early October. While this is still lower than the same week a year ago, the slight rise was enough to keep many buyers and homeowners on the sidelines.

The one bright spot came from purchase applications, which climbed 8% week over week and sat 20% higher than this time last year. This bump is typical as buyers try to lock in contracts before the holiday slowdown kicks in.

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https://www.forumnadlanusa.com/2025/11/homebuyers-make-a-final-push-before-the-holidays-but-rising-rates-limit-motivation/

#MortgageNews #RealEstateMarket #HousingUpdate #InterestRates #HomeBuyers

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shawn-a
Shawn A.

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