The Fed cut its benchmark rate by .25% yesterday and more cuts are currently expected by the end of the year, though much depends on future jobs and inflation data.
The weekly average 30-year rate published by Freddie Mac today declined again, but the daily average rate published by Mortgage News Daily has risen .24% since the rate cut was announced. Last year in September 2024, when the Fed first cut its benchmark rate since 2022, mortgage rates also increased (dramatically). See charts below. But it's far too soon to predict how this will all play out in coming weeks and months.
WEEKLY average rate, published today 9/18/25:
DAILY average rate published today:
Stock markets continue to hit new highs.
An updated BAY AREA MARKET SEASONALITY pdf report as well as individual chart images illustrating broad seasonal effects on supply, demand and median sales prices are in this folder.
The SEASONALITY flipbook is posted here.
You can always find a selection of seasonality charts specific to your regional market in the monthly Bay Area newsletters, such as those included in the September reports.
Below are 5 of the 10 charts in the MARKET SEASONALITY report:
