Mortgage Rates Inch Down: So What?

Okay, lemme get this straight. November 5th, 2025, and we're supposed to be excited about... mortgage rates dropping a whole 15 basis points? Seriously? That's like celebrating a participation trophy. Pathetic.

The "Good" News (Air Quotes Fully Engaged)

So, the geniuses at Zillow – who, let's be real, are probably just trying to sell us more overpriced real estate – are saying the average 30-year fixed is at 6.08%. The 15-year is somehow lower, at 5.62%. Makes total sense, right? Pay it off faster, get a lower rate. That's how they sucker you in.

And the VA rates? Don't even get me started. They're dangling those rates in front of veterans like a carrot on a stick. "Hey, thanks for your service, now get into crippling debt!"

Refinancing? Only worthwhile if you're already drowning in debt at, like, 6.58% or higher. Which, offcourse, a lot of people probably are. Thanks, economy!

The Fed, the Jobs Report, and Other Fairy Tales

They want us to believe that mortgage rates are influenced by "inflation reports, job numbers, Federal Reserve meetings, and global news." As if any of that crap is actually transparent or honest. It's all smoke and mirrors, designed to keep us running on the hamster wheel.

ADP's national employment report conveniently dropped on the same day, showing job growth for the first time in three months. Coincidence? I think not. It's all orchestrated, people! Wake up!

The Fed's "considering one more cut" before the end of the year. Oh, how generous of them. Like that's going to make a damn bit of difference to the average Joe trying to buy a house.

Then again, maybe I'm being too cynical. Maybe there are people out there who are genuinely thrilled by a 0.15% rate drop. Maybe I should just go back to watching cat videos and stop trying to make sense of this rigged system... Nah.

Adjustable Rate Mayhem

And let's not forget the ARMs – those ticking time bombs of the mortgage world. A "fixed" rate for a few years, then BAM! Your payment doubles, and you're living under a bridge. Smart move.

They try to tempt you with those initially lower rates, but it's a trap. A beautifully designed, financially devastating trap.

I mean, who even wants an adjustable-rate mortgage? Are people really that short-sighted? Or are they just that desperate?

Is This the Best We Can Do?

Seriously, is this the best we can do? Are we really supposed to be celebrating these tiny, insignificant fluctuations in mortgage rates? It's an insult to our intelligence.

The whole system is rigged against the average person. The banks win, the corporations win, and we're left holding the bag.

So, What's the Real Story?