Mortgage Rates Rise in November Amid Post-Election Market Volatility
Mortgage rates climbed in November, driven by market volatility and a surge in Treasury yields following the recent elections. On the day after the election results, the 10-year Treasury yield spiked by 14 basis points (bps), setting the stage for further rate increases throughout the month.
According to Freddie Mac, the average rate for a 30-year fixed-rate mortgage increased 38 basis points from October, reaching 6.81%. Meanwhile, the 15-year fixed-rate mortgage saw an even steeper increase of 43 bps to land at 6.03%.
The 10-year Treasury yield, a key benchmark for mortgage rates, averaged 4.37% in November — 38 bps higher than October’s average. This increase reflected heightened market uncertainty and persistent volatility.
NAHB Economist Catherine Koh shares forecasts for how these rates may be impacted following the activities of the Dec. 17-18 meeting of the Federal Reserve in this Eye on Housing post.
Latest from NAHBNow
Economics
Oct 17, 2025
How Diverse Is the Construction Workforce?Diversifying the construction labor force remains a key priority amid persistent skilled labor shortages. The most notable trend has been the steady rise of Hispanic participation, according to the American Community Survey.
Codes and Standards | Resiliency
Oct 16, 2025
Are Today’s Building Codes Enough to Improve Home Resilience?In the face of rapidly increasing losses from natural disasters, many housing advocates are pushing for more stringent building codes to make homes more resilient to disaster. But is that the best path forward?
Latest Economic News
Economics
Oct 17, 2025
Better Growth, Larger Deficits: CBO Fiscal OutlookThe Congressional Budget Office (CBO) is a key nonpartisan score keeper that measures the effects of policy changes by the Federal Government. With several policy changes since January of this year, including the One Big Beautiful Bill Act (OBBBA), stricter immigration, and higher tariffs, the CBO updated its economic projections through 2028.
Economics
Oct 16, 2025
Amid Market Challenges, Builder Expectations Rise in OctoberEven as builders continue to grapple with market and macroeconomic uncertainty, sentiment levels posted a solid gain in October as future sales expectations surpassed the 50-point breakeven mark for the first time since last January.
Economics
Oct 15, 2025
Builders Stay Cautious as Single-Family Permits WeakenIn August, single-family permit activity softened, reflecting caution among developers amid persistent economic headwinds. This trend has been consistent for eight continuous months.