U.S. mortgage rates dropped from a nine-month high this week. The dip hasn’t sparked much buyer activity, though, so the spring market has slightly lower rates but demand remains slow.
Mortgage rates in the U.S. rose last week to the highest level in nine months, sending borrowers back to the sidelines and dimming expectations that lower rates would give a lift to the spring housing market.
Mortgage rates in the U.S. slipped for another week, prompting a comeback from homebuyers: loan applications for purchases jumped roughly 10% just as the spring selling period hits its stride. Freddie Mac pegged the 30-year fixed at 6.30%, a notch down from last week's 6.37%. CNBC, referencing Mortgage Bankers Association figures, put the average rate for the standard 30-year loan at 6.35%, compared with 6.42% before.
Mortgage rates in the U.S. slipped Tuesday. Mortgage News Daily pegged the 30-year fixed at 6.31%, an 8 basis point drop from Monday. Bankrate’s national average landed at 6.40% for that loan, lower than the 6.50% registered last week.
Fannie Mae shares sank on Monday, closing down 4.1% at $10.33 in over-the-counter trading, after touching $10.55 at the high and $10.08 at the low. Volume was about 3.0 million shares. Investing.com
Federal National Mortgage Association — better known as Fannie Mae — is back in the spotlight. The government‑sponsored mortgage giant’s over‑the‑counter shares have surged again in early December, powered by:
Federal National Mortgage Association – better known as Fannie Mae and traded over-the-counter as FNMA – has turned from a forgotten bailout relic into one of 2025’s most closely watched speculative trades.
Mortgage rates are closing out the first week of December 2025 in a rare “sweet spot” for today’s market: solidly in the low‑6% range, trending slightly lower, and backed by growing evidence that 2026 could be modestly more affordable—but not a return to 3% money.