- Housing News
- November 13, 2025
It Should Be Easier to Get a Mortgage Now That the Government Shutdown is Over
The longest government shutdown in U.S. history ended, which should make it easier for homebuyers and homeowners to secure new loans.
The longest government shutdown in U.S. history ended, which should make it easier for homebuyers and homeowners to secure new loans.
Pricey rent and student loans, along with high prices and elevated mortgage rates, have made it harder for many to achieve homeownership.
President Donald Trump has floated the idea of creating 50-year mortgages to make housing more affordable for homebuyers. But would a 50-year mortgage make it cheaper to own a home? That depends.
It was even more difficult to achieve homeownership several decades ago, when double-digit interest rates were the norm.
Mortgage rates continued to decline in the last week, much to the delight of homebuyers and homeowners alike. This marks the fourth straight week of declines and represents the lowest that interest rates have been at any point in 2025.
Many homebuyers and homeowners are hopeful that the Fed's quarter-point cut will finally bring mortgage interest rates meaningfully down.
Mortgage interest rates hit their lowest point in more than a year.
Existing home sales rose again in September as lower mortgage rates became an incentive for more people to buy a home.
Many may be hesitant to buy a home during shaky economic times. However, homeownership might provide you with more financial protection and flexibility—not less.
Forget the old “rules” of homebuying. Most buyers aren’t putting 20% down when purchasing a home, but they’re still putting down more than they did before the pandemic.