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GCA Forums News For Thursday December 4 2025
GCA Mortgage Forums NEWS – COMPREHENSIVE MARKET AND FINANCIAL REPORT: THURSDAY, DECEMBER 4, 2025LIVE MARKET UPDATEDOW JONES INDUSTRIAL AVERAGE
This afternoon, the Dow Jones reached approximately 47,878, up 408 points from Wednesday’s close of 47,182.90 and near record highs. The S&P 500 and Nasdaq also rose by about 0.2%.
MARKET SENTIMENT
Following the latest jobs report, Fed traders do not anticipate a rate increase at the next meeting. ADP data showed private payrolls in November fell by 32,000, missing the expected increase of 40,000.
PRECIOUS METALS PRICESGOLD
Gold opened at $4,199.00 per ounce on December 5, 2025, down $25.00 from the previous close of $4,203.56. Gold prices have increased nearly 60% over the past year.
SILVER
At 8:15 a.m. Eastern Time, silver was $57.39 per ounce, down $0.21 from the previous day. On December 3, 2025, silver reached $58.97 per ounce, surpassing the 1980 record. The current price is at least double last year’s level, primarily due to reduced supply and expectations of additional Federal Reserve rate cuts. The 30-year fixed mortgage interest rate is 5.99% as of December 4, 2025. Zillow reports the 30-year fixed rate at 5.99% and the 15-year rate at 5.37%. Freddie Mac reports the 30-year fixed rate at 6.19% for the week, down four basis points. The 30-year rate is 6.72% as of December 4, 2025. The refinance rate for a 15-year term is 5.81%.
Expected Interest Rate Averages.
Mortgage rates for 30-year loans are projected to remain near 6.3% in 2026. According to Realtor.com, slower economic growth is expected to keep rates stable despite increasing government debt and inflation.
Mortgage Rate Decline
Rates have declined again and are now just 0.1% above this year’s lows, which is positive for homebuyers after years of high interest rates. The recent Federal Reserve cut and talk of further reductions have increased speculation about how long rates will stay elevated. While rate cuts do not always lead to lower mortgage rates, they can create new opportunities for borrowers.
CONCERNS ABOUT THE FBI DIRECTOR’S CONDUCTFLIGHT TO SEE GIRLFRIEND
FBI Director Kash Patel’s recent trip has generated controversy. Reports indicate he used the FBI’s $60 million jet to attend a wrestling event in Pennsylvania, where his girlfriend, country singer Alexis Wilkins, was performing. House Democrats have requested flight logs and related documents regarding Patel’s use of FBI aircraft.
FBI GUARD FOR GIRLFRIEND
Many members of the Nashville SWAT team are also FBI agents. Several reportedly serve as personal security for Alexis Wilkins. This has raised concerns about providing FBI protection, funded by taxpayers, to a private individual. After the Charlie Kirk assassination, Patel would not leave the FBI plane until his girlfriend got a medium-sized FBI raid jacket. She took a jacket from a female agent, but said it was missing the right patches. Patel insisted that the SWAT team provide the correct patches before she would leave. A 115-page internal report describes Deputy Director Dan Bongino as “something of a clown.” The report characterizes the FBI under Patel as “dismal,” “all f*cked up,” and a “rudderless ship.” Both former and current agents have criticized the “arrogance” of Bongino and Patel, as well as their “unfortunate obsession with social media.” For months, Candace Owens has faced questions and accusations about her criticism of Charlie Kirk’s close friends. Some say she has used personal stories about Kirk’s past relationships in comments aimed at his wife, Erika Kirk. Owens has reportedly said that Kirk’s murder “had to be approved by Charlie’s friends” and that those friends could be “murderers.” Blake Neff of The Charlie Kirk Show has said that Owens claims Kirk was murdered. Market conditions and announcements from Jordan Van Morrow can change quickly. We encourage clients to do their own due diligence and consult financial professionals before making an investment.
https://www.cbsnews.com/news/housing-market-forecast-2026-price-declines-real-estate-mortgage/
cbsnews.com
Home prices are poised to dip in 22 U.S. cities next year, a new analysis says. See where.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
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Chicago homes are expected to skyrocket in 2026. That’s a good question. While some might expect the Illinois housing market to surge in 2026, most data and expert opinions indicate mixed, modest growth rather than a dramatic boom. Here’s a summary of the current market and why an ‘explosion’ is unlikely.
What suggests Illinois could see a decent boost in 2026
Illinois was considered a secondary market during the national real estate boom.
As demand and home prices in Illinois continue to rise, the state remains a secondary market reflecting national trends, supporting the expectation of steady, rather than explosive, growth.
Zillow predicts that both home values and sales will go up in 2026.
In the 2000s housing boom, Illinois remained a secondary market, which helped drive stronger price and demand growth in the Midwest (across 8 to 11 housing regions).
In the past six months, home prices in Illinois have gone up, while prices across the country have stayed about the same.
The Illinois REALTORS Association reports a narrowly focused price increase.
The increased home prices in Illinois can be attributed to the state’s tight housing market. The Illinois REALTORS Association reports that price increases have been limited to certain areas.
Consumer demand has picked up across Illinois, and home prices are either steady or rising. This indicates that the market is strong, but growth is moderate, rather than rapid.
As the Illinois real estate market becomes more stable and stronger, buying and selling homes should become easier for everyone involved.
Home prices in Illinois are starting to level out, which should keep demand strong and help home values grow steadily in 2026.6.
However, the market is not experiencing rapid growth either.
The Illinois submarkets vary greatly in projected growth.
For example, several areas in one forecasted region are expected to see flat growth at best, with some small declines projected through May 2026.
In major cities like Chicago, experts predict only slight growth in 2026, with increases expected between 2.5% and 4.5%.
This small increase would have little effect on the median home price.
Wider market forecasts, including those from Zillow, indicate steady growth and increased sales, with no major supply or demand issues anticipated. Runaway inflation is unlikely, so Illinois may fare a bit better than the national average.
Affordability is still a problem. Mortgage rates are high, which keeps many people from buying homes. First-time buyers are especially affected, and this has slowed sales compared to past years.
Gaining Sales and Price Growth in Specific Areas Only
If we define ‘exploding’ as rapid price growth or increased sales in certain parts of Illinois, this could occur in some areas. Affordable suburbs and smaller cities, such as those near Rockford or in low-cost areas, may attract buyers who can’t afford homes in larger cities.
If growth stabilizes around six percent, it could help keep homes affordable and make a big surge less likely.
If there are fewer lower-priced homes for sale, competition will increase, and prices for affordable homes will likely rise as more buyers attempt to enter the market.
Economic improvements, better job opportunities, higher wages, and a reduced need for people to relocate are all expected in Illinois. If these conditions occur, buyers will become more active, and some Illinois markets will appreciate more in price. However, this growth will remain uneven across the state, aligning with the overall argument of mixed, moderate gains rather than an explosive statewide boom.
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