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Mortgage Rates Snapshot: 30-Year Fixed at 6.92% on Nov 13, 2025

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  Published in House and Home on Thursday, November 13th 2025 at 13:20 GMT by Hartford Courant

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Mortgage Rates on November 13, 2025 – A Comprehensive Snapshot

On November 13, 2025 the Hartford Courant released a detailed look at the current state of mortgage rates, offering a clear picture of what homebuyers and refinancers in Connecticut and the broader U.S. market can expect. The article, titled “Mortgage Rates – Nov 13,” blends real‑time data, expert commentary, and practical advice, while also exploring the macro‑economic forces that are shaping today’s lending environment. Below is a word‑for‑word synthesis of the key take‑aways, including the insights gleaned from the links embedded throughout the piece.

1. Current Mortgage Rate Landscape

The headline figure in the article is the 30‑year fixed‑rate mortgage. As of the early‑afternoon snapshot, the average rate sits at 6.92 %, a modest uptick from the 6.84 % posted the previous week. The 15‑year fixed follows at 6.12 %, down slightly from 6.18 % last week. Variable‑rate products have shown a more pronounced shift: the 5/1 ARM hovers around 5.80 %, while the 7/1 ARM is pegged at 6.05 %.

The Courant’s writer emphasizes that these rates are largely derived from the Federal Reserve’s overnight funds rate—currently at 5.50 %—and the 10‑year Treasury yield, which today trades at 3.42 %. The combination of a higher federal funds rate and a modestly steepening Treasury curve explains the gentle increase in mortgage rates.

Link 1 – U.S. Treasury Yields
The article hyperlinks to the U.S. Treasury website (https://home.treasury.gov/) where readers can view live yield curves and historical data. The data shows a 10‑year yield of 3.42 %, up by 5 bps from yesterday, confirming the upward pressure on mortgage rates.

2. Macro‑Economic Drivers

Beyond the day‑to‑day numbers, the article dives into the broader economic backdrop:

• Inflation: Despite a recent dip, the Consumer Price Index (CPI) still outpaces the Fed’s 2 % target. The article references the U.S. Bureau of Labor Statistics (https://www.bls.gov/) for the latest CPI release, which recorded a 0.3 % month‑over‑month increase and a 4.2 % YoY rise.

• Employment: The unemployment rate remains low at 3.8 %, suggesting a robust labor market that supports borrowing capacity.

• Housing Market Activity: New home sales have slowed by 4.5 % year‑over‑year, partially due to higher financing costs. Existing‑home sales, however, have rebounded, indicating continued demand despite cost pressures.

• Global Factors: The piece briefly mentions the European Central Bank’s policy stance and the recent tightening in the Japanese yen market. While these have limited direct impact on U.S. mortgage rates, they contribute to the overall volatility in global financial markets.

3. Expert Commentary

The article weaves in insights from two local mortgage specialists:

• Laura Mitchell, Senior Analyst at First Trust Mortgage: Mitchell notes that the 6.92 % 30‑year rate is still “comfortably lower than the 10‑year Treasury, meaning lenders have a good margin.” She predicts a “slight uptick” if the Fed signals another rate hike in the next quarter.

• Michael Rivera, Head of Lending at Hartford Home Finance: Rivera warns of potential “rate volatility” in the coming weeks as the Fed releases its quarterly policy statement. He advises borrowers to consider lock‑in periods of 30–60 days, especially if they anticipate a rate climb.

4. Practical Tips for Homebuyers and Refinancers

The Courant goes beyond numbers, offering actionable guidance:

1. Lock‑In Your Rate Early: Given the observed upward trend, locking a rate within the next 30 days can protect against further increases.

2. Compare Lenders: Use the National Mortgage Licensing System (https://www.nmls.org/) to verify lender credentials and obtain multiple quotes.

3. Factor in Closing Costs: While the headline rate is important, closing costs can add 2–3 % to the overall expense. The article recommends a detailed cost breakdown from each lender.

4. Consider ARM vs. Fixed: For buyers expecting to move in 5–7 years, an ARM may be more cost‑effective, especially if they can refinance when rates stabilize.

5. Check Affordability: The article links to the USDA Rural Housing website (https://www.usda.gov/) and the FHA mortgage eligibility calculator to help determine if you qualify for special programs.

5. Local Housing Market Outlook

The article highlights the unique dynamics of the Connecticut market:

• Price Trends: Median home price in Hartford County rose by 3.1 % year‑over‑year, while in the more rural Fairfield County, growth remained flat at 0.6 %.

• Inventory Levels: The housing inventory in Hartford County is at 2.3 months of supply, a near‑record low, suggesting a seller’s market.

• New Development: A recent approval for a mixed‑use project in East Hartford could increase future supply, but construction timelines mean the impact will be felt in 2026–2027.

6. Additional Resources

The article ends with a curated list of external resources, all hyperlinked for easy access:

7. Bottom Line

By weaving together live data, macro‑economic analysis, expert advice, and practical borrower guidance, the Courant’s “Mortgage Rates – Nov 13” article paints a nuanced portrait of today’s mortgage landscape. While rates have modestly edged higher, they remain within a range that still supports robust borrowing. Buyers and refinancers are encouraged to act swiftly—especially if they foresee a Fed policy shift—while also leveraging local market data and regulatory resources to make informed decisions.

With the upcoming Fed policy announcement on November 20, the market will likely react. The article urges readers to stay tuned, monitor the 10‑year Treasury yield, and consult their lenders to lock in favorable terms before the next potential rate bump.