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- Mortgage Rates 📢 November 25th, 2024
Mortgage Rates 📢 November 25th, 2024
Mortgage Rates making small moves ahead of short week and PCE readings.
Glenn Groves
November 25, 2024
INTEREST RATES
10 Year T-Note 3 Month Snapshot
Product | Rate / APR | 2 Week Change |
|---|---|---|
↔️ Conv. | 6.875% / 6.889% | +.000% |
⬇️ Conv. HB | 6.999% / 7.017% | -.125% |
⬇️ JUMBO | 6.875% / 6.884% | -.250% |
⬆️ FHA 3.5% DP | 6.125% / 7.050% | +.125% |
↔️ VA 0% DP | 6.125% / 6.342% | +.000% |
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
Rates: All baseline rates are now under 7%. We’re back, just in time for a short trading week. Markets will be closed on Thursday for Thanksgiving and close early on Friday the 29th.
Bottom Line: Each cabinet appointment by President-Elect Trump has its own ripple effects on the markets. Couple this with PCE (the Fed’s favorite measure of inflation) on Wednesday.
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