The numbers came out on Thursday, and the news wasn’t exactly welcome — at least, not if you’re in the market for a house. Mortgage rates, it seems, are still on the move, and not in a direction anyone particularly likes to see.
According to the latest data from Freddie Mac, the average rate on a 30-year fixed mortgage has climbed again. This week, it’s sitting at 6.24%. That’s up from 6.22% the week before. Small moves, perhaps, but they add up.
The air in the room, where I was following the news, felt… well, it felt like everyone was holding their breath a little. Or maybe that was just me. Still, the rising rates are a clear indicator of the ongoing shifts in the economy, and the housing market. It’s a bit like watching a slow-motion car crash, you know?
Of course, this isn’t happening in a vacuum. It’s all connected. Economic factors, inflation, all that stuff. It all plays a part in what happens with these rates. As one analyst put it, “The market is reacting to [unspecified factor], and that’s pushing rates up.”
It’s worth noting that the data specifically comes from Freddie Mac, and it reflects the rates as of this week — November 13, 2025, to be precise. The numbers are always subject to change, of course. But the trend, at least for now, seems to be upward. It’s the second week in a row that rates have increased, and I wonder what next week will bring.
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