Each week, I analyze the evolving dynamics of the market, identifying emerging trends, shifts in momentum, and key considerations for real estate professionals. Last week, Fannie Mae released its November 2025 Selling Guide introducing several key policy revisions. Notably, the guide eliminates minimum credit score requirements for loans processed through its Desktop Underwriter system, effective November 16. In mortgage rate developments, the average 30-year fixed-rate mortgage rose by 5 basis points to 6.22%, up from 6.17% the previous week. Despite the uptick, rates remain near annual lows and are 57 basis points below levels recorded during the same period last year. Meanwhile, the national median price for existing single-family homes reached a new high of $426,800 in Q3 2025, reflecting a 1.7% year-over-year increase. This continued appreciation in home values has contributed to boosting homeowner wealth.
Below are key events from the first week of November impacting our business.
November 10, 2025
FANNIE MAE REMOVES MINIMUM CREDIT SCORE REQUIREMENTS FROM DU. Fannie Mae will eliminate the 620 minimum credit score requirement for loans submitted through its Desktop Underwriter system (DU) starting November 16. Rather than relying on a fixed score benchmark, DU will now assess borrower eligibility using a comprehensive analysis of individual risk factors. This strategic policy shift is designed to enhance access to mortgage credit, particularly for underserved segments of the market. A spokesperson from the Federal Housing Finance Agency (FHFA), which regulates Fannie Mae, stated, “As we move toward increased competition and diversify beyond a single credit model, it is necessary to refine the language in the guide accordingly.” Full story from HOUSINGWIRE →
- Why this Matters: Fannie Mae’s decision marks a pivotal shift in mortgage accessibility. DU’s comprehensive risk assessment considers broader financial behaviors, offering a more accurate reflection of a borrower’s ability to repay. Increased mortgage eligibility means more prospective buyers, which can drive demand and reduce time on market. This policy shift reflects a broader industry trend toward inclusive underwriting practices and signals a more flexible, data-driven future for mortgage lending.
RATES REMAIN NEAR 2025 LOWS. The average 30-year fixed-rate mortgage rose to 6.22% last week, a modest increase from 6.17% the previous week. Despite the uptick, rates remain significantly lower than the 6.79% average recorded during the same period last year. Full story from FREDDIE MAC →
- Why this Matters: Despite a modest increase, the 30-year fixed-rate mortgage remains near its lowest levels of 2025 and significantly below the 6.79% average recorded this time last year. In a market where timing and financing conditions are pivotal, the current rate environment presents a strategic opportunity for both buyers and sellers. For buyers, lower rates enhance affordability by reducing monthly payments and increasing purchasing power, making homeownership more accessible. For sellers, favorable borrowing conditions expand the pool of qualified buyers, often resulting in faster transactions and more competitive offers. Continued rate stability also reinforces buyer confidence.
Q3 HOME PRICE INCREASES DRIVING HOUSING WEALTH UPWARD. The national median price for existing single-family homes reached a record high of $426,800, reflecting a 1.7% year-over-year gain, consistent with the growth rate observed in Q2. Regional trends varied, with the Northeast leading in annual appreciation at 6%, bringing its median price to $540,100. The Midwest followed with a 4.2% increase to $331,100, while the South posted a modest 0.5% rise to $372,800. The West saw a slight decline of 0.1%, with its median price settling at $633,900. Full story from NATIONAL MORTGAGE PROFESSIONAL →
- Why this Matters: The national median price for existing single-family homes reaching a record high in the third quarter of 2025 signals continued growth in housing wealth. This upward trend enhances equity for sellers. For buyers, the combination of declining mortgage rates and moderated home price appreciation contributes to a more favorable affordability landscape. Recognizing these market dynamics enables both buyers and sellers to make strategic, well-informed decisions aligned with current economic conditions.
THE BOTTOM LINE: The trends this week signal broader mortgage accessibility, improved affordability, and continued growth in homeowner equity. For prospective buyers who previously stepped away from the market, real estate professionals should advise that the combination of easing interest rates and a slower pace of home price appreciation presents a more favorable window for re-entry.
