Mortgage rates are based on bonds and the bond market is prone to erratic behavior on major holiday weeks. One of the more common patterns is for the holiday week to see a noticeable departure from a prevailing trend only to return to that trend in the following week.  That's exactly what we're seeing on the first day of the new week. The prevailing trend saw rates hold a narrow, sideways range with the average top tier 30yr fixed rate in the 6.3s.  Last week saw that average drop to 6.20% and now today, we're right back up to 6.31%. [thirtyyearmortgagerates] In the coming days, economic data should have a bigger impact on rates than the sort serendipity at work today.

December 1, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.31% +0.09%   6.13% 7.26% 15 Yr. Fixed 5.80% +0.02%   5.6% 6.59% 30 Yr. Jumbo 6.40% +0.00%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Dec 1, 2025 Mortgage Rates Erase Last Week's Gains Mon, Dec 1, 2025 3:34PM Mortgage rates are based on bonds and the bond market is prone to erratic behavior on major holiday weeks. One of the more common patterns is for the holiday week to see a noticeable departure from a prevailing trend only to return to that trend in the following week.  That's exactly what we're seeing on the first day of the new week. The prevailing trend saw rates hold a narrow, sideways range with the average top tier 30yr fixed rate in the 6.3s.  Last week saw that average drop to 6.20% and now today, we're right back up to 6.31%. [thirtyyearmortgagerates] In the coming days, e... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.31% +0.09 0.00 15 Yr. Fixed 5.80% +0.02 0.00 30 Yr. FHA 5.90% +0.04 0.00 30 Yr. Jumbo 6.40% 0.00 0.00 7/6 SOFR ARM 5.85% +0.15 0.00 30 Yr. VA 5.92% +0.04 0.00 Updates Daily - Last Update: 12/1 Freddie Mac Rate Change Points 30 Yr. Fixed 6.23% -0.03 0.00 15 Yr. Fixed 5.51% -0.03 0.00 Updates Weekly - Last Update: 11/26 Mortgage Bankers Assoc. 30 Yr. Fixed 6.37% +0.03 0.62 15 Yr. Fixed 5.83% +0.13 0.69 30 Yr. Jumbo 6.39% -0.07 0.42 Updates Weekly - Last Update: 11/19 UMBS 30YR 5.0 99.50 -0.29   95.05 100.11 UMBS 30YR 5.5 101.09 -0.17   97.47 101.40 10 YR Treasury 4.094 +0.080   3.932 4.780 Breaking Down Early Weakness. Is It Japan? Mon, Dec 1, 2025 10:13AM Bonds are sharply weaker to begin the new week and the new month. This is the first (and probably best) clue as to the nature of this morning's market movement. Thanksgiving weeks are prone to random volatility and today's selling basically erases the entirety of last week's movement. Then there's the Bank of Japan's comments on considering rate hikes at the... (read more) MBS Price Change UMBS 4.5 97.50 -0.37 UMBS 5.0 99.50 -0.28 UMBS 5.5 101.09 -0.18 GNMA 4.5 97.47 -0.31 GNMA 5.0 99.57 -0.33 GNMA 5.5 100.91 -0.10 Pricing as of: 12/1 4:12PM EST US Treasury Yield Change 2 YR Treasury 3.539 +0.045 5 YR Treasury 3.673 +0.075 7 YR Treasury 3.866 +0.081 10 YR Treasury 4.095 +0.081 30 YR Treasury 4.744 +0.079 Pricing as of: 12/1 4:12PM EST Other News DSCR, Non-QM, FHA Products; AI, Broker, Borrower-Focused Webinars; STRATMOR on 2026 Growth Areas Mon, Dec 1, 2025 11:45AM A buddy from Kentucky wrote to me, saying, “Statistics show that the average person has sex 89 times per year. Looks like I'm in for a pretty wild December.” November is behind us, and with it all the noise about President Trump’s 50-year mortgage proposal. Capital markets personnel in the mortgage biz don’t like thinking about how long it would take to crea... (read more) Latest Video ISM manufacturing index misses forecast for November Fed's in tough bind now after latest comments, says former vice chairman Ro... Some services restored at CME, stock index futures still halted Japanese 10-year and 2-year government bonds hits 2008 highs Around the Web Eye on Housing About 7% of New Homes Are Teardowns Calculated Risk Blog Inflation Adjusted House Prices 3.0% Below 2022 Peak CNBC Treasury yields move higher as traders increase bets on Fed rate cut Calculated Risk Blog Housing December 1st Weekly Update: Inventory Only Down 4.3% Compared to Same Week in 2019 CNBC Yen rises as BOJ hints at rate hike; dollar braces for crucial December PR Newswire Manufacturing PMI® at 48.2%; November 2025 ISM® Manufacturing PMI® Report Calculated Risk Blog Fannie Mae Multi-Family Delinquency Rate Highest Since Housing Bust (ex-pandemic) CNBC The warehouse real estate sector is seeing a rebalance. Here's what to watch for CNBC U.S. Treasury trading disrupted after CME halt Calculated Risk Blog ISM Manufacturing index Decreased to 48.2% in November Calculated Risk Blog Freddie Mac House Price Index Up 1.0% Year-over-Year in October Calculated Risk Blog Fed's Beige Book: "Economic activity little changed" Marketwatch Business investment surges again on AI spending, but manufacturers still in a slump

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.