Economic & Mortgage Update for California Housing – November 2025
U.S. economic momentum steady with Q3 GDP growth of 2.1% and inflation trending near 2.7%
Economic & Mortgage Update for California Housing – November 2025
Macroeconomic Backdrop
U.S. economic momentum remains steady, with Q3 GDP growth of 2.1% annualized and inflation trending near 2.7%. California's labor market has held firm, adding 25,000 jobs statewide in October, led by health care and tech hiring. Consumer sentiment is improving modestly as wage growth outpaces inflation for the first time in two years.
The Federal Reserve has maintained its policy rate near 4.75% since mid-2025, signaling data-dependent patience. This environment has provided a relatively predictable rate landscape for buyers and investors alike.
Mortgage Rate Trends
| Product | Current Rate | 1-Month Change | 1-Year Change |
|---|---|---|---|
| 30-year fixed | 6.6% | -0.1% | -0.8% |
| 15-year fixed | 6.0% | -0.1% | -0.6% |
| 5/1 ARM | 6.2% | Flat | -0.... |
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