What will happen to mortgage rates this November if there's no Fed meeting? Experts weigh in.

There's no Fed meeting scheduled in November, leaving borrowers to wonder what could happen with mortgage rates. Jayk7/Getty Images

Mortgage interest rates have been on a downward slide in recent weeks, offering relief to homebuyers and homeowners who are looking to refinance. The average 30-year fixed mortgage rate now sits at about 6.4% (as of October 31, 2025), down from over 7% earlier this year. This decline has coincided with the Federal Reserve cutting its benchmark rate at its September and October meetings, the latter of which concluded this week.

But what happens now that the back-to-back monthly Fed meetings have concluded? There's no Federal Reserve meeting scheduled in November, leaving borrowers to wonder what could happen with mortgage rates now. To help you