In Early December 2025, 30 Year Conventional Mortgage Back to Lowest Rate since Fall 2024 | Northern Virginia Real Estate Market

IN EARLY DECEMBER 2025, THE 30 YEAR CONVENTIONAL FIXED MORTGAGE IS BACK TO THE LOWEST RATE SINCE EARLY OCTOBER 2024.

When asking the question, "How is the Northern Virginia Real Estate Market?", part of the answer is to consider the current and future trend of mortgage interest rates.

➡️ As of December 4, Freddie Mac's weekly mortgage rate survey had the 30 Year Conventional Mortgage Rate at 6.19%, which is the lowest level since early October 2024.

➡️ The 30 Year Conventional Mortgage Rate has dropped about 0.50% since mid-Summer 2025. In late September, the 30 Year Fixed Rate weekly average was 6.26%. The weekly average in late August was 6.56%. In early December 2024, the weekly average was 6.69%.

➡️ The current rate is nearing lowest level in the last 3 years (6.08% in late September 2024 & 6.09% in early February 2023).

Due to the Government Shutdown, Fannie Mae did not make a monthly Forecast in September and October for the 30-Year Conventional Mortgage Rate for the remainder of 2025 and through 2026. Fannie Mae published their November Forecast on November 21, with a prediction of 6.3% at the end of 2025, 6.1% in mid-2026, & 5.9% by end 2026. To see how Fannie Mae's Forecast differs from the more conservative rate outlook by the Mortgage Banker's Association, check out my post of these contrasting November Forecasts.

🤔🙋🏼‍♂️ WANT TO SEE MORE MARKET ANALYSIS?  For my most recent Deep Dive into Buyer activity, high Active House for sale Inventory & Days on Market in the Northern Virginia market, and the (lack of) impact of the Government Shutdown on Buyer activity compared to 2024, check out my early November 2025 NoVA Market Update.

The next deep dive NoVA Market analysis update will be posted this week (Week of December 7).

See more market news, insight, & analysis on my "How's the Market?" Blog at bellacasapartners.com/marketnews.