Democrats Flipped Congress. Your Mortgage Did Not Get the Memo.

Meme of a sloth in a suit hanging from a bar. Caption: Everyone: rates will drop after the election. Rates:

Key takeaways Democrats took the House and Senate in the Nov. 3, 2026 midterms. That is confirmed by major outlets. It is not a rate lock. Freddie Mac’s Nov. 5 survey put the 30-year fixed average at 7.18%, down slightly from 7.24% the prior week. The 15-year averaged 6.57%. The 10-year Treasury eased after the […]