Welcome to the November edition of Living Silicon Valley!
November in Santa Clara brings a cozy blend of handmade markets, holiday sparkle, and festive community spirit — the perfect way to ease into the season. From artisan craft fairs and vintage markets to glowing light displays and local winery gatherings, there are plenty of ways to shop small, sip, stroll, and get inspired. As the month wraps up, Turkey Trots and holiday runs add an active and cheerful finish. Whether you’re hunting for unique gifts, enjoying early holiday magic, or getting your steps in before the feast, it’s a lovely time to embrace the season locally.
Mortgage Rate Update
Santa Clara County Mortgage Rate Update – As of October 23, 2025
Mortgage rates have shown modest shifts heading into the late fall, with the latest numbers indicating:
15-year fixed-rate mortgages: approximately 5.50 % (down ~0.11 %)
5-year adjustable-rate mortgages (5/1 ARMs): about 6.60 % (flat to slightly down)
These align reasonably with broader California trends: the state’s 30-year fixed average is near 6.10-6.30 %, and 15-year sits around 5.35-5.60 %.
Market context:
The 30-year fixed rate has dipped to its lowest point in over a year, suggesting some relief for buyers as inflation pressures ease.
ARM rates remain comparatively higher than some fixed-rate offers, indicating adjustable products are still being priced with caution given future rate uncertainty.
PATCHWORK SHOW 2025 📆 NOVEMBER 9, 2025 - 11AM - 5PM
📍 Courthouse Square, 2200 Broadway, REDWOOD CITY, CA 94063
