Mortgage rates rose somewhat sharply following the late October Fed meeting but have been in a relatively narrow range so far in November.  The range is so narrow, in fact, that yesterday's average rate was at the bottom of that range while today's rate is closer to the highs. Given the minimal overall movement, there's no compelling need to account for underlying market motivations. To be sure, there was no new economic data that caused weakness in the underlying bond market. That leaves only the reopening of the government as a scapegoat. Several days ago, when the end of the shutdown came into focus, we cautioned that it was more likely to put slight upward pressure on rates whenever it was confirmed. This is consistent with the movement seen today. More meaningful momentum will depend on the economic data that is once again in the cards now that government agencies are open. The only caveat is that we're still waiting on updated release schedules for those reports.

November 13, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.38% +0.04%   6.13% 7.26% 15 Yr. Fixed 5.86% +0.03%   5.6% 6.59% 30 Yr. Jumbo 6.43% +0.01%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Nov 13, 2025 Mortgage Rates Near The Top of Recent Range Thu, Nov 13, 2025 3:25PM Mortgage rates rose somewhat sharply following the late October Fed meeting but have been in a relatively narrow range so far in November.  The range is so narrow, in fact, that yesterday's average rate was at the bottom of that range while today's rate is closer to the highs. Given the minimal overall movement, there's no compelling need to account for underlying market motivations. To be sure, there was no new economic data that caused weakness in the underlying bond market. That leaves only the reopening of the government as a scapegoat. Several days ago, when the end of the shutdown... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.38% +0.04 0.00 15 Yr. Fixed 5.86% +0.03 0.00 30 Yr. FHA 6.02% -0.01 0.00 30 Yr. Jumbo 6.43% +0.01 0.00 7/6 SOFR ARM 6.05% -0.02 0.00 30 Yr. VA 6.04% -0.01 0.00 Updates Daily - Last Update: 11/14 Freddie Mac Rate Change Points 30 Yr. Fixed 6.24% +0.02 0.00 15 Yr. Fixed 5.49% -0.01 0.00 Updates Weekly - Last Update: 11/13 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.22 -0.01   95.05 100.11 UMBS 30YR 5.5 100.80 +0.00   97.47 101.40 10 YR Treasury 4.130 +0.015   3.932 4.780 Shutdown is Over. Don't Get Excited Thu, Nov 13, 2025 8:06AM First off, the market expected a shutdown resolution by mid November and especially since this past weekend.  That's the reason today's news means essentially nothing in terms of being a surprise headline.  On the data front, today is also meaningless in the short term. It's not as if the backlog of econ data will suddenly be released. The only exc... (read more) MBS Price Change UMBS 4.5 97.14 -0.02 UMBS 5.0 99.22 -0.01 UMBS 5.5 100.80 +0.01 GNMA 4.5 97.31 +0.00 GNMA 5.0 99.61 +0.04 GNMA 5.5 100.71 0.00 Pricing as of: 11/14 12:52PM EST US Treasury Yield Change 2 YR Treasury 3.602 +0.013 5 YR Treasury 3.714 +0.011 7 YR Treasury 3.901 +0.012 10 YR Treasury 4.130 +0.015 30 YR Treasury 4.734 +0.024 Pricing as of: 11/14 12:52PM EST Other News Data Intelligence, CTP Products; Compliance Warning About Thanksgiving; Another Fed President to Leave Thu, Nov 13, 2025 11:45AM In news underwriters will need to know, banks and satirists across the United States are taking Director Bill Pulte’s and President Donald Trump’s 50-year mortgage suggestion are running with it. They (the underwriters) would now require an applicant's grandkids to co-sign on a 50-year mortgage "just in case” as part of the approval equation. What happens wh... (read more) Latest Video Difficult to build rationale to lower rates at this point, says former Minn... 30-year auction comes in soft Tracking inflation without CPI: Here's what to know Homebuyers drive mortgage demand higher Around the Web CNBC New foreclosures jump 20% in October, a sign of more distress in the housing market CNBC IRS unveils 2026 IRA contribution limits, raises savings cap CNBC Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts Calculated Risk Blog Part 2: Current State of the Housing Market; Overview for mid-November 2025 CNBC Government shutdown back pay headed to federal workers in coming days Eye on Housing Unchanged Lending Conditions for Residential Mortgages in Third Quarter Calculated Risk Blog Part 1: Current State of the Housing Market; Overview for mid-November 2025 CNBC Boston Fed President Collins advocates holding rates steady, sees 'high bar' for further cuts CNBC Atlanta Fed President Bostic says he'll leave position when his term expires Calculated Risk Blog Hotels: Occupancy Rate Increased 2.5% Year-over-year CNBC House to vote on bill to end shutdown around 7 p.m. ET Wednesday, Rep. Scalise says CNBC Treasury yields little changed as investors cheer end of government shutdown Eye on Housing Employment Loss and Post-COVID Recovery Across U.S. Metro Areas

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