Mortgage Rates 📢 December 1st, 2025

INTEREST RATES

Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org

💡 Why This Matters

🟢 Rates are flat for now
Pricing hasn’t reacted yet, even though the 10-year jumped this morning. Lenders usually wait to see if the move sticks before repricing.

📈 The 10 year is rising fast
Global bond moves, especially from Japan, pushed yields higher today. If those levels hold, mortgage rates often follow.

📌 Global shock from Japan
Bank of Japan Governor Ueda signaled they may hike rates this month, which sent Japanese government bond yields to their highest levels in more than a decade.
Source: CNBC (Dec 1, 2025) https://www.cnbc.com/2025/12/01/us-treasury-yields-traders-increase-bets-on-fed-rate-cut-.html

⏳ This creates a short timing window
Buyers may have access to slightly better pricing today than they could later this week if lenders adjust.

🏡 Impact on buyers
Higher yields translate into higher payments, which can shrink approval amounts and slow decision-making for rate-sensitive clients.

🏠 Impact on sellers
Rising rates reduce the qualified-buyer pool. In a season with fewer listings already, a rate bump can slow activity even more.

🔎 Bottom line
This is one of those mornings where the bond market is moving first and mortgage rates may play catch-up. Staying ahead of it helps protect deals and set the right expectations.