Mortgage Rates Still Steady as Inflation in Check and Fed Decrease Expected.
Approximate Rates for Week Ending 10/24/25
Rates have stayed remarkably steady for the last two months at the lowest rates of the year. The government shutdown has led to a reduction in the economic data released, but Friday’s CPI data shows that inflation is in check, which paves the way for the expected 0.25% reduction in short-term rates by the Fed at their upcoming meeting. This reduction is likely already priced into today’s longer term mortgage rates, but the market will look for direction in the Fed’s post meeting comments.
46% of experts think rates will go down over the next week while 31% think they will stay steady and 23% think they will go up.
If you would like advice tailored to your needs, I would be happy to help! And if you have any family or friends that you think might benefit from my services, I would be grateful for the referral!
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Mark Smith
Victoria Capital
Los Gatos
408 353 9784
www.MarkSmithLoans.com
|
Program |
No Points (APR) |
1 Point (APR) |
Change since last update |
|
Conforming (<$819,000) |
|||
|
30yr Fixed |
5.875% (6.11%) |
5.5% (6.10%) |
No Change |
|
30yr FHA |
5.375% (6.09%) |
5.125% (6.02%) |
-0.125% |
|
30yr FTHB |
5.875% (6.11%) |
5.65% (6.20%) |
No Change |
|
10yr ARM |
5.75% (6.01%) |
5.5% (6.10%) |
-0.125% |
|
7yr ARM |
5.5% (5.71%) |
5.125% (5.69%) |
-0.125% |
|
5yr ARM |
5.25% (5.61%) |
5.00% (5.59%) |
-0.25% |
|
15yr Fixed |
5.125% (5.21%) |
4.75% (5.09%) |
-0.125% |
|
High-Cost Conforming (>$819,000<$1,209,750) * |
|||
|
30yr Fixed |
6.0% (6.21%) |
5.75% (6.18%) |
-0.125% |
|
30yr FHA |
5.5% (5.99%) |
5.25% (6.02%) |
No Change |
|
30yr FTHB |
- |
- |
- |
|
5yr ARM |
- |
- |
- |
|
15yr Fixed |
5.75% (5.89%) |
5.25% (5.83%) |
-0.125% |
|
Jumbo (>$1,209,750) * |
|||
|
30yr Fixed |
6.0% (6.14%) |
5.75% (5.99%) |
No Change |
|
10yr ARM |
5.875% (6.02%) |
5. 5% (5.82%) |
-0.125% |
|
7yr ARM |
5.625% (5.84%) |
5.375% (6.02%) |
-0.125% |
|
5yr ARM |
- |
- |
- |
|
15yr Fixed |
5.875% (5.99%) |
5.625% (6.00%) |
No Change |
LOWER HOME AFFORDABLE RATES FOR FIRST TIME HOMBUYERS (FTHB) SUBJECT TO INCOME LIMITS
No Points No Cost Also Available!Conforming Rates and APRs calculated on Purchase loan amount of $600k (conforming), $900k (high-cost conforming,) and $1.25m (Jumbo) 30- day lock, 60% LTV, impounds,780 fico.
FTHB (First Time Home Buyer) conforming rates based on purchase loan amount of $750,000 with 20% down, High Cost Conforming $1m with 20% down. Subject to Income Limits
FHA Rates and APRs Calculated on Purchase Loan amount of $700k (Conforming) and $1m (High Cost), 30-day lock, 96.5% LTV, 720 Fico
This is not a commitment to lend. Rates are provided for informational purposes only. Please contact me for rates, products, and costs for your individual situation.
*Assumes high-cost areas, e.g., Santa Clara County and other Bay Area Counties
DRE: 01395052
NLMS:308562
