Mortgage Rates Slip to Fresh 2-Month Lows as Holiday Quiet Continues

Mortgage rates moved just enough on Monday to set a new two-month low, even as the broader rate market remained calm. With another holiday closure ahead and very few economic events on the schedule, trading activity stayed light and directionless.

The average lender was nearly unchanged from last Friday, but the small shift was enough to push the widely followed 30-year fixed rate index down by 0.01%. While the move was minor, it marked the lowest level since October 28.

Rates are now sitting just below the lows reached on November 25. In fact, there were only a handful of days in November and just one day in September when rates dipped any lower. To find meaningfully lower levels, you would have to look back to September 2024.

Why Rates Are Holding Near the Bottom

This week’s movement is less about momentum and more about timing. Holiday weeks tend to bring thin trading, which can lead to small, random changes without a clear reason. With fewer traders active and less data driving decisions, rates often drift sideways rather than trend strongly in either direction.

What stands out is where rates are sitting now. This level has acted as a familiar floor for the market multiple times going back to late 2022. Each time rates have approached this zone, they have struggled to move much lower without fresh economic input.

What Could Change Next

There is still no reliable way to predict the next move for mortgage rates. The next real test will come with the release of new economic data next week, which could either reinforce the current range or push rates in a new direction.

For now, rates remain near the lower edge of their long-running range, offering some stability but not yet a clear signal of a sustained drop. For direct financing consultations or mortgage options for you visit 👉 Nadlan Capital Group.