11/06/2026
📊 Mortgage rates dipped again, but buyers are still waiting.
The 30-year fixed rate slipped from 7.37% to 7.30% last week, the third straight weekly dip. But it’s still nearly a full point higher than a year ago, and mortgage applications fell another 1.2%. Even with rates inching lower, monthly payments remain a hurdle.
Here’s what’s in play:
🏦 The Fed is signaling rates may stay higher for longer
💵 More short-term Treasury borrowing is keeping overnight rates above 4%
🗳️ With the midterms behind us, spending, debt-ceiling talks, and potential housing tax changes could affect longer-term rates
Wondering what current rates mean for your budget? Let’s explore monthly payments and financing options to find what works for you.
📞 (424) 944-0868 | 📧 [email protected]
Manny Yun | Realtor® | DRE #02070501 | Realty ONE Group West