November 9, 2025
Much Ado About Mortgage Rates
Over the last couple of months mortgage rates have climbed despite a Federal Reserve rate cut the last week of October. That is a painful reminder that Fed doesn’t directly drive mortgage rates — a common misconception. The Fed’s benchmark rate mainly affects short-term borrowing—like rates on credit cards, personal loans, and bank savings yields—and has a minor effect on long-term loans such as mortgages.
How and Why Fed Decisions Affect Mortgage Rates
Next year should be a bellwether year for home-buying as people watch rates fluctuate toward and away from their magic number. Thirty-year mortgage rates are shaped by things like inflation expectations, housing demand, and the overall health of the economy. Typically, mortgage rates tend to follow the bond market—in particular, the 10-year Treasury yield, which heavily impacts lenders’ costs.
That’s why mortgage rates often move independently of the Fed’s decisions—and sometimes in the opposite direction. As Realtor.com’s Senior Economic Research Analyst Hannah Jones noted in an article November 6, “Fed Chair Jerome Powell emphasized that another rate cut in December is not guaranteed. In response, the 10-year Treasury yield moved higher, indicating that mortgage rates could face renewed upward pressure in the weeks ahead.”
Good News: Dream Finders Homes’ Rates
The average 30-year fixed mortgage rate was 6.48% on Thursday, November 6. The 20-year fixed mortgage rate was 6.30%, the 15-year fixed mortgage rate was 5.57%, and the 10-year fixed mortgage rate was 5.38%.
The silver lining to this dark cloud is the current Dream Finders Homes incentive in the new home community of Looking Glass. If you’re ready to move into a new home in Parker, DFH has a handful of recently completed move-in options that are ready now – ranch and two-story – and the interest rate incentive is COMPELLING.
With rates starting as low as 1.99 percent (6.185 percent APR) on quick move ins, anyone ready to pull the trigger by Wednesday could save thousands on a mortgage loan. And through the end of the year, DFH is offering similar rates for homes under construction that could close in 2026.
A Realtor’s Observations
Cindy Dassinger, a realtor at Metro Home Finders, works with buyers and sellers in both the existing and new home real estate markets. She says builders have a bit of an edge right with new home sales over the resale market.
“They’ve got the longevity to stay so they can continue to buy the rates down for buyers and bring the pricing down to compete with resales,” Cindy explains. “We have so many more homes now than we’ve had in like, the last decade on the market,” she added. “We finally have more listings than we do buyers.”
It’s true that many neighborhoods in Denver metro and outlying communities have entered a buyers’ market. However despite greater inventory, resale homes are languishing on the market for more than 30 days, which was unheard of just four years ago during and just after the pandemic.
The Denver Post says that the housing market in metroDenver is operating at “a leisurely pace.” Cindy believes it’s the “market correction” which has been projected for that last two-to-three years. “In the Midwest and closer to the East Coast, there are still some states seeing multiple offers and going over asking,” she says. “I wish I could just whisper in their ear and say, ‘Don’t do it. You’re just a little bit behind us — the market will correct itself there, too!’”
For more details on new home incentives and quick move-ins in Looking Glass, contact Dream Finders Homes sales consultants at 720-410-5003.
Move-In Ready at Looking Glass
Predicting mortgage rates is nearly impossible, so if you’re ready to buy or refinance, make your move when the timing is right for you. And if Parker is where you want to put down roots, check out the new home options and opportunities from Dream Finders Homes in Looking Glass. Plus, coming soon, both single-family and paired homes from Richmond American –from the $600s!