Mortgage rate chart, 2023–2025, with weekly 30-year fixed-rate averages and annotations about Federal Reserve cuts.

Selected Economic Indicators

  • November 25, 2025
Weekly average 30-year fixed rate mortgage: Ticking up slightly in recent weeks.
 
Mortgage rate chart, 2023–2025, with weekly 30-year fixed-rate averages and annotations about Federal Reserve cuts.
 
Stock markets have had a few volatile weeks due to AI bubble concerns, over which there is vehement disagreement among analysts and industry pundits. As of mid-day today (EST), the S&P and Nasdaq are up about 1% from yesterday.
 
Line chart of Nasdaq and S&P 500 gains from January 2024 to November 2025, with a sharp 2025 recovery.
 
In my last update, I mentioned the "cyclically-adjusted price to earnings (CAPE) ratio" as one respected method of evaluating stock markets. I found the historical data to create the below chart, updated as of 11/1/25. 
 
Line chart of the S&P 500 CAPE ratio from 1985 to 2025, with a dashed historical-average line and market-event annotations.
 
The VIX Volatility Index has been rapidly climbing since the month began.
 
2025 VIX line chart with a sharp April spike labeled “Tariff shock” and a November value near 26.
 
Housing affordability, per NAR calculations for Q3. Higher readings signify lower affordability. With the recent decline in interest rates, affordability has improved.
 
U.S. housing affordability chart since 1989, with a green trend line and annotations through Q3 2025.
 
A new jobs report through September was just released. As mentioned in the past, the latest numbers are often revised so substantially in subsequent months that I don't know why economists, investors and analysts consider them reliable. 
 
Chart of monthly U.S. job growth from January 2023 to September 2025, in thousands.
 
Unemployment has been ticking up. It is now up to its highest reading since 2021, though not high by long-term standards. 
 
Chart of U.S. unemployment rates from 2000 to September 2025, with a sharp pandemic-era spike and a 4.4% reading in 2025.
 
The price of bitcoin has been crashing (but has often seen extreme volatility over the years).
 
Bitcoin price chart from March 2024 to November 2025, with a sharp drop at the latest update.
 
Consumer Sentiment as measured by the University of Michigan Consumer Surveys remains near a 45-year low, due to substantial concerns about prices, personal finances, inflation, and, increasingly, job security.
 
The price of oil: With concerns regarding the slowdown of the global economy, it has been declining - moving in a contrary direction to inflation - of which the latest reading was 3%.
 
Chart of Brent crude oil prices from 2000 to 2025, with spikes in 2008 and 2022.

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