Market Update – 2025-09-30

Mortgage Rates Steady Amid Economic Surprises

Snapshot: A quick look at today's rates

As of today—September 30, 2025, 13:31 UTC—current mortgage rates stand at 6.37% for a 30-year fixed and 6.29% for a 15-year fixed. If you have a $300,000 loan:

• At 6.37%, your monthly payment is approximately $1,863.
• At 6.29%, for a 15-year term, your payment jumps to $2,577.

Macro driver? Despite a robust economy, rates hold as market anticipates key jobs report. U.S. Treasury yields show the suspense in play.

Why all of this matters to you

Budgeting comes first:

• Less cash monthly can mean more in your life now—think vacations, or saving for college.

Refinance angles? Plenty. For example:

• Shift to a lower rate: save monthly.
• Debt consolidation: lower overall payouts.
• Cash-out: leverage home equity for big, needed spends (hello, new roof).

Investors, note—yield sensitivity hints at tight cap rates but potential portfolio rebalance points.

Options to consider—your next moves

• Lock or float?
  • Locking secures current rates, shielding from rises.
  • Floating could win if rates dip—but risk if they rise.
• Refinancing pathways:
  • Reduce term lengths—save on interest long-term.
  • Shift to an adjustable rate—if you foresee rate drops or a move soon.
  • Cash-out refi for major expenditures or investments.
• Keep these docs handy:
  • W-2/1099 forms, for proof of income.
  • Existing mortgage statements and other debt accounts.
  • Statements of assets (bank, retirement).

My take: Lock in now

Here’s why—current economic signs (new home sales up significantly; jobless claims below estimates) suggest a tightening labor market and robust spending. These could pressure rates upward soon. Sure, if they drop post-lock, you could kick yourself—but today’s numbers are favorable enough for most to act.

Counterpoint: Those with high risk tolerance might float, anticipating a shift after upcoming job reports. It's a bet—caution advised.

Got five minutes? Let’s talk numbers.

No sales pitch, just real numbers and guidance tailored to your needs. Get your personalized rate and payment check today.

‘Equal Housing Lender. Not a commitment to lend. Rates and programs change and vary by borrower profile and assumptions. Quotes depend on credit, LTV, occupancy, points, and other factors.’ ‘Elevated Home Loans LLC NMLS 2335497 | Equal Housing Lender ’